Lloyds Banking Group has agreed a deal to take the entire 110,000 sq ft John Street office block overlooking Callaghan Square in Cardiff.
The bank has agreed a 10-year lease with developer JR Smart at the building, which is scheduled for completion in September next year.
Lloyds will relocate staff based in Newport and those currently located at St William House, just yards from John Street, to the company’s new home in 2026.
Sharon Doherty, chief people and places officer at Lloyds Banking Group, said: “We’re thrilled to announce our move to John Street in Cardiff, boasting industry-leading sustainability credentials and offering modern, state-of-the-art facilities for our people and reaffirming our commitment to the city. To successfully deliver for our customers and help Britain prosper, we are creating the right spaces for our colleagues to work together and thrive.
“Cardiff is one hub, alongside Birmingham, Leeds, London, Belfast, Edinburgh and Manchester, to benefit from the significant investment we’re making to transform our workplaces for colleagues and to attract the talent of the future.”
