HSBC to establish new South West HQ in Bristol

Banking giant HSBC has announced it will create a new South West headquarters at EQ,  one of the city's greenest buildings.

HSBC has acquired space for 270 staff at EQ, Bristol’s first new build office to commit to targeting net zero carbon in operation.

Delivered by CEG as development manager and opening in summer 2023, EQ Bristol will become HSBC UK’s headquarters in the South West.

The bank says the state-of-the-art building will raise the bar for colleague experience, wellbeing and operational efficiency.

The flagship office will not only become one of the bank’s most sustainable buildings across Europe but will also play a key part in supporting HSBC’s commitment to boost and drive growth across the city centre.

The bank will occupy 11,000 of the 200,000 sq. ft. building with approximately 270 employees from HSBC UK’s Wealth and Private Bank, Commercial Bank and Insurance teams moving from their current office in Temple Quay.

Facilities within the building include:

• Unrivalled natural light and 100 per cent fresh air using low carbon technologies, including photovoltaic units on the roof, rainwater harvesting, efficient heating, cooling and lighting systems
• For those cycling to work, a dedicated bicycle entrance and ramp from Temple Street to the basement providing easy access to more than 263 cycle stores, a cycle maintenance station and charging points for e-bikes
• A bright, modern ground-floor café and a roof terrace restaurant and bar with views across the city
• Industry-leading facilities, including a gym with a full programme of classes and event space.

Esra Fanoscu, head of corporate services UK & Europe, HSBC UK commented: “To ensure we give our customers and clients the very best service it is important that we provide the best colleague experience when developing our workspaces.

"The new office in Bristol will help us elevate the experience whilst progressing our commitment to our Net Zero Strategy.”

James Shepherd, head of corporate banking South West, HSBC UK commented: “We are delighted to make this investment as part of our long term commitment to Bristol and the South West.

"Bristol is a key strategic office for us and this move will provide a fantastic working environment for our colleagues whilst also supporting our commitment to reducing our impact on the environment.”

CBRE acted for HSBC. Jones Lang LaSalle and Cushman and Wakefield acted for the landlord.