Bank House is the first of three offices to be developed at the southern end of Pilgrim Street. Credit: via Four Walls PR

Barclays secured as Bank House launches

6 June 2023 11:40 Neil Tague Comments (1)

The banking giant will move its Newcastle base to the 100,000 sq ft Pilgrim Street office development, taking 5,000 sq ft.

Barclays will move its regional base to the seventh floor at Bank House later this year, the news coming as the building is officially opened.

In moving to Bank House, Barclays will join law firm DAC Beachcroft, which has now taken occupation of 15,000 sq ft, and insurer Lycetts, which is currently completing an office fit out ahead of relocating its 105-strong Newcastle workforce later this month.

Subscribe for free to the Place North East Briefing for more property news like this

The 14-storey Bank House is the first of three new-build office buildings to be developed at the southern end of Pilgrim Street by Taras Properties.

The fully electric building, designed by Ryder Architecture and built by Bowmer + Kirkland, should eventually be home to more than 1,000 people.

Avison Young and Knight Frank are instructed as joint letting agents on the building.

Patrick Matheson, partner at Knight Frank, said: “We are seeing a lot of interest in Bank House, with demand for quality office space that accommodates growth and expansion remaining strong.

“With its great location, superb facilities, low carbon footprint and easy access to city centre amenities, Bank House provides a fantastic opportunity for organisations who want to embrace the many benefits that come from investing in a sustainable and inspirational workplace.”

In recent weeks Andrew Simmons has been appointed as Bank House’s building manager. He said: “Bank House is a superb addition to the city centre’s commercial district.” Amenities include a 4,500 sq ft reception area and charging points for electric bikes.

Bank House is the first building to be completed within the Pilgrim Street development, a scheme where the developer aims to deliver more than 750,000 sq ft of workspace, a public square, a food and drink offer and a five-star hotel.