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Tesco Bank Expands Further in Edinburgh

– New office established at EHQ –

Tesco Bank has continued its expansion in Edinburgh with the purchase of a second headquarter building in the Scottish capital.

Tesco Bank has acquired a 97,000 sq ft property at EHQ in the South Gyle from Premier Property Group, which will provide further growth opportunities for the bank in coming years. The office will open towards the end of 2011.

From 250 staff at the start of 2009, Tesco Bank expects to have over 900 members of staff in Edinburgh next year and the additional head office will provide further space to support the bank’s future growth in the capital. Tesco Bank also continues to recruit for its new office in Glasgow and expects to have 1,200 members of staff based in its Broadway One office Glasgow next year, in addition to the 200 jobs being created to support the bank’s mortgage business.

The new building has achieved one of the highest environmental BREEAM ratings from the Building Research Establishment, universally recognised as the gold standard in commercial property construction. The EHQ office is also well served by public transport links.

Benny Higgins, Chief Executive of Tesco Bank comments,

“Since establishing our headquarters in Edinburgh last year and opening a new office in Glasgow this year, we have already grown to have over 1,000 permanent members of staff north of the border and we are currently recruiting for a wide range of roles across our offices. The quality of the applicants we have received for the roles we have been creating are testament to the depth and breadth of financial services talent across Scotland.

“As we continue to build the business and develop new product offerings for our customers, this second headquarter office in Edinburgh will provide us with the flexibility and capacity to support our long term growth.”

--ENDS--

For more information and media enquiries please contact:

Tesco Bank press office

+44 (0) 131 274 3630 

About Us:

Tesco Bank’s goal is to make banking and insurance easier and better value for people who shop at Tesco. We’ve been around since 1997 and today we help more than 5 million customers manage their money every day. Our 4,000 colleagues serve our customers seven days a week from our three main centres in Edinburgh, Glasgow and Newcastle, and we are also available through online and mobile banking 24/7. Tesco Bank participates in the Chartered Banker Professional Standards Board.

Tesco Bank is a trading name of Tesco Personal Finance plc. Registered in Scotland No. SC173199. Registered Office: 2 South Gyle Crescent, Edinburgh, EH12 9FQ

 

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