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Barclays announces exchange of contracts on the purchase of Northampton Pavilion Drive

22 Jan 2018 04:00

Barclays has today completed the purchase of Northampton Pavilion Drive from the landlord, Bayernfonds Immobilienverwaltung GMBH & Co.

The purchase of Pavilion Drive cements Barclays’ longstanding commitment to Northampton and continued investment in the area. The Town has been a key location for Barclays in the UK for more than 50 years and was the birthplace of Barclaycard following the launch of the brand in the UK in 1966.

Pavilion Drive, which currently houses 3,250 employees, has remained the UK headquarters for Barclaycard for more than 20 years since the building was opened in 1997.

Sarah O’Donovan, Northampton head of Site for Barclaycard said:

The purchase of Pavilion Drive cements our long-term commitment to Northampton which spans more than 50 years.  We are delighted to have completed this transaction, which will enable us to continue to invest in and improve the site to benefit colleagues, as well as our millions of customers. Barclaycard is proud of its association with Northampton, and we look forward to many more years of close involvement with the Town.”

Notes to editors

For more information, please contact Lisa Webb, Head of Regional Corporate Affairs, Barclays, on ++ 44 (0) 7775 548 426 or lisa.webb@barclays.com

About Barclaycard

Barclaycard, part of Barclays Bank PLC, is a leading global payment business that helps consumers, retailers and businesses to make and take payments flexibly, and to access short-term credit and point-of-sale finance. In 2016 we processed over £250bn in transactions globally. Barclaycard is a pioneer of new forms of payment and is at the forefront of developing viable contactless and mobile payment schemes for today and cutting-edge forms of payment for the future. We also partner with a wide range of organisations across the globe to offer their customers or members payment options and credit.

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