Lloyds Bank required immediate space for 100 staff in the Liverpool Street area for an initial 12 months of project work. The high-profile divestment of the business, following a ruling by the European Commission, meant that a new owner was required for part of the bank. It was important to be close to other Lloyds properties and to have the ability to extend the existing IT infrastructure securely and without delay.
A floor of serviced office space was sourced and re-configured to the client’s preferred layout. The necessary IT circuit, a point-to-point leased line, was possible due to the location. Flexible terms provided Lloyds with the key benefits of quick occupation and the ability to extend their stay for another year as they revitalised their TSB brand and prepared it for an IPO. Serviced offices played a further part in TSB’s evolution when it was sold to Sabadell, providing short term overflow space as the businesses co-located.