Bank of Scotland Corporate is moving back to it’s headquarters of 50 years to consolidate all of its west Scotland staff under one roof.
The former Union Bank building, designed by renowned Scottish architect James Miller in the 1920s, was occupied by the Bank of Scotland between 1955 and 2001.
The 94,000 sq ft building is currently being refurbished - but will become the home for the 400 Bank of Scotland Corporate staff from next summer.
The offices are owned by Scarborough and it is believed Bank of Scotland Corporate is paying £27/sq ft – equivalent to £2,538,000 a year.
The company’s operations, including Real Estate and Commercial Business asset classes, are moving from four separate offices across the city at Bath Street, Queen Street, George Street and 123 St Vincent Street.
Peter Cummings, chief executive of Bank of Scotland Corporate said the eight-storey unified headquarters showed Bank of Scotland Corporate’s commitment to it’s west Scotland operations
The building was the headquarters of the Union Bank from 1927. The Bank then merged with the Bank of Scotland in 1955 who remained a tenant until July 2001.
‘Bank of Scotland is proud of its heritage, and this building forms a significant part of it,’ said Cummings. ‘It will now play a major role as the Bank continues to expand.’