Construction has begun on HSBC’s new office in the Sheffield Retail Quarter, with the important milestone marked by a ground breaking ceremony attended by James Emmett, Chief Operating Officer (COO) at HSBC Bank plc.

Julie Dore, Leader of Sheffield City Council, and John Mothersole, chief executive  of SCC were also in attendance at the ceremony which was also attended by a number of apprentices and rising stars from the bank.

HSBC is making a multi-million pound investment in its new home in the Sheffield Retail Quarter, which will provide employees with a modern office environment right in the heart of the city.

HSBC has taken out a 15-year lease on the building, designed by Leonard Design Architects, which will incorporate 140,000 square feet of office space and a rooftop terrace. HSBC’s commitment to Sheffield marks the largest real estate transaction in the city in more than 10 years.

 Demolition and clearance at the site has been under way for several months. The construction of the new building by BAM Construction will create a number of new jobs and apprenticeships and is due to be completed in Spring 2019.

James Emmett, COO at HSBC Bank plc, said: “Sheffield is a key regional hub for our IT operations and we are delighted to be investing in a new home in the city to create a modern office environment for our people.

“Today’s ground breaking ceremony marks the start of the construction of our new office in the Sheffield Retail Quarter and we look forward to continuing to work closely with Sheffield City Council to deliver this.”

John Mothersole, CEO of SCC, said: “This is a key moment in the delivery of Sheffield’s city centre regeneration and a major milestone in the delivery of the much-anticipated retail quarter. We welcome HSBC’s decision to make this location their new regional home, which demonstrates the continuing confidence from major international employers towards Sheffield.”

HSBC serves 17 million customers in the UK and employs around 43,000 people. In the UK, HSBC offers a complete range of personal, premier and private banking services including bank accounts and mortgages. It also provides commercial banking for small to medium businesses and corporate and institutional banking services. HSBC Bank plc is a wholly owned subsidiary of HSBC Holdings plc.

Construction site
Work is progressing well on site

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 4,000 offices in 70 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,416bn at 31 March 2017, HSBC is one of the world’s largest banking and financial services organisations.

Originally published by HSBC UK