Pinsent Masons advises as Barclays invests for growth in Glasgow

30 Jul 2018 | 11:05 am | 1 min. read

International law firm Pinsent Masons is advising Barclays on the development of a new state-of-the-art campus to be built at a new major mixed-use scheme on the banks of the River Clyde, to be known as Buchanan Wharf, Glasgow.

The new campus for Barclays will extend to circa 450,000 sq ft of grade A office accommodation and will provide a workplace for the bank’s functions, technology and operations teams. With cutting-edge technology and design, the working environment will help the bank foster innovation and collaboration. The campus will play a pivotal role in the execution of Barclays’ long-term strategic priorities and will be one of a small number of key global sites.

It is expected that, once completed, the campus will be able to accommodate up to 2,500 additional roles, doubling Barclays’ current workforce in Scotland and making the bank one of Glasgow’s biggest commercial employers. The project has been made possible by the continued close collaboration with Scottish Enterprise, with which Barclays has reached an agreement for a funding grant of £12.75m, and Glasgow City Council, which has been instrumental in turning the initial proposal into a viable scheme.

Paul Connolly and Katharine Hardie, Real Estate partners in Pinsent Masons led the team advising Barclays on this deal, one of the largest single occupier development projects in Scotland in recent times. 

Paul Connolly says, "We are delighted to have been involved in this landmark transaction. This new campus will create not only a world class facility for Barclays, but will also create a new destination for business within Glasgow's financial district and open up the south side of the River Clyde for new development and investment opportunities."

Chris Jones, Legal Counsel to Barclays Corporate Real Estate Solutions said, “This has been an excellent example of the partnership between our internal and external legal teams delivering on Barclays’ strategy.”

First Minister of Scotland, Nicola Sturgeon said, “This is a project that will be transformational for Glasgow, creating up to 2,500 new jobs in the heart of the city. The new campus will strengthen Glasgow’s financial services sector and shows Scotland continues to be a highly attractive location for inward investment. I am particularly pleased that as part of this investment, Barclays has committed to employing local people who often face barriers into work, including those with disabilities and young people.”

Paul Compton, Chief Operating Officer at Barclays, said, “The Glasgow campus, alongside others in Whippany, New Jersey, and Pune, India, is part of a global strategy to create world-class facilities for our functions, technology and operations teams. This new campus at Buchanan Wharf is a flagship project for the bank, which builds on Barclays’ long history in Scotland and clearly demonstrates our commitment to supporting the UK economy. This is a fantastic opportunity to deepen our close ties with local communities and academic institutions to attract and retain the very best talent. It will be somewhere that our colleagues are incredibly proud to work.”

Key Contacts

Katharine Hardie

Katharine Hardie

Partner, Property Group and Chair of Scotland and Northern Ireland

View Profile

Latest press releases

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons named a top ten family friendly employer for fourth year in a row

Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.

Pinsent Masons wins Insurance Team of the Year at Legal Business Awards 2020

Multinational law firm Pinsent Masons has won Insurance Team of the Year at the Legal Business Awards 2020 for its role advising Royal London on its Brexit strategy and the implementation of a cross-border reorganisation of part of its business.

People who viewed this press release also viewed

Show me all press releases

Pinsent Masons advised Schütz Family Office on the acquisition of Freie Internationale Sparkasse

Multinational law firm Pinsent Masons has advised Schütz Family Office on the acquisition of private bank Freie Internationale Sparkasse S.A..

Pinsent Masons named a top ten family friendly employer for fourth year in a row

Multinational law firm Pinsent Masons has been named as one of the top ten family friendly employers in the UK by work life balance charity, Working Families.

Pinsent Masons wins Insurance Team of the Year at Legal Business Awards 2020

Multinational law firm Pinsent Masons has won Insurance Team of the Year at the Legal Business Awards 2020 for its role advising Royal London on its Brexit strategy and the implementation of a cross-border reorganisation of part of its business.

For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on

+44 (0)20 7418 8199 or 

Location contacts