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Lloyds Banking Group to sell Bristol office and move thousands of staff out

The bank has owned the building since 1990 and it is home to 2,350 employees

The Lloyds Bank building, Canons House in Bristol(Image: Getty Images)

Lloyds Banking Group has announced plans to sell off its landmark Bristol office and move thousands of employees into a secondary building it owns in the city.

The bank, which currently employs 2,350 people at Canons House in the city centre, told staff on Wednesday (October 6) they would be transferred to its Harbourside site, overlooking the floating harbour, in the second quarter of 2022.

Lloyds has owned Canons House since it was built in 1990. It is understood the bank is hoping to discuss the sale of the property with Bristol City Council to see if there are occupiers, developers or investors who may be interested in investing in the redevelopment of the site.

The glass-fronted Harbourside property will undergo a refurbishment before staff are moved.

It is understood that Lloyds' Canons House and Harbourside buildings have been underutilised for a number of years and that the decision follows a review of the company's property portfolio.

Jeremy Hayward, group ambassador for the South West at Lloyds Banking Group, said: “Today we have announced plans to bring our Bristol-based teams together in one location.

"We will be investing in the area by renovating our Harbourside office, where all our people will work from in future, and will be putting our Canons House office up for sale.”

Lloyds announced in its strategy update earlier in 2021 that it was considering reducing the number of its offices around the º£½ÇÊÓÆµ, and was looking at a hybrid-working plan for staff.