More than 2,000 staff working for Lloyds Banking Group are relocating to offices in Brindleyplace on Westside.
Lloyds Bank, which began life as Taylors & Lloyds in Birmingham in 1765, has taken 59,896 sq ft of flexible office space with x+why at the Foundry, Six Brindleyplace.
Lloyds will be provided with 800 desks and the 2,260 relocating staff will have access to these in an effort to drive hybrid working and hot-desking.
The group leased the entire 150,000 sq ft 125 Colmore Row, now owned by West Midlands Pension Fund, in 2001. Its extensive refurbishment programme is designed to help the bank achieve its 2030 sustainability targets, as well as providing better facilities for staff.
Mike Olley, general manager of Westside BID, said: “We look forward to welcoming staff working for Lloyds Banking Group to Westside.
“Their new office on Brindleyplace is in a fantastic location, with so many amenities and a dedicated tram stop as part of its great transport links.
“Westside is one of the city’s main bases for the banking, professional and financial services community, with the national headquarters of both HSBC and the Unity Bank already here.”
Rupert Dean, chief executive and co-founder of x+why, said: “We are thrilled to provide this 60,000 sq ft managed deal for Lloyds Banking Group.
“It is a great story about how we can work within existing buildings to support larger requirements with a bespoke, low carbon, flexible space.”
Dan White, of CBRE, advised Lloyds on the letting and said: “With the Lloyds deal we are seeing the benefit of a truly flexible offer. This is a short-term deal, allowing the group to relocate its staff while undertaking the comprehensive refurbishment of its HQ.
“It’s proof that the flex office, far from being a threat to the traditional office occupancy model, can actually complement it.
“Birmingham has scaled up its flex office offering in the last few years. The model has proved particularly popular among small and start-up businesses, as well as companies looking for a ‘soft landing’ before committing to bigger premises.”
Matt Long, head of tenant engagement and placemaking at Brindleyplace, added: “Brindleyplace is uniquely placed to accommodate all sizes of business, from SMEs looking for a short-term lease to large corporates looking for larger regional or HQ function.”
ENDS
