Construction begins on new HSBC office in Sheffield’s £480m Retail Quarter

Construction is now underway on HSBC’s new office in the £480m Sheffield Retail Quarter.

This milestone was 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 (SCC), and John Mothersole, CEO of SCC.

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

HSBC has taken out a 15-year lease on the building, designed by Leonard Design Architects, which will incorporate 140,000 sq. ft. of office space and a rooftop terrace.

HSBC’s commitment to Sheffield marks the largest real estate transaction in the city in over 10 years.

Demolition and clearance at the site has been underway for several months. The construction of the 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.

“The 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, added: “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.”