Osborne and Co has been chosen as development partner to deliver Santander’s new landmark technology headquarters in Milton Keynes, England.
The proposed state-of-the-art facility will act as the bank’s UK technology hub and is anticipated to open in 2022, subject to planning permission. It’s expected to accommodate over 5,000 employees.
Osborne and Co is the new global delivery vehicle for major property projects in The Middle East, Asia and Africa, previously developed under the GRDI name, and the UK property business of Vanguard Real Estate and other vehicles. This marks Osborne’s second significant deal in as many months, following the successful completion and sale of HSBC’s new 320,000 sq. ft headquarters in Dubai, last month.
An occupier-focused, build to suit developer with a world-wide portfolio of GBP2.5bn, Osborne and Co has been chosen as the development partner for an investment of over GBP150m. The team is currently working with Santander and LOM Architecture & Design to finalise designs and expects to submit a planning application in 2019, following community and local authority consultation.
Osborne and Co is targeting a global development pipeline with a gross development value (GDV) of GBP5bn over the next three years.
This is Osborne’s third major deal in the UK – it’s developing major office and mixed-use developments in Glasgow’s Argyle Street and The Waterside, Belfast as part of a real estate pipeline of cGBP1bn across the UK.
Conor Osborne, director, Osborne and Co, said: “Santander’s new UK technology hub in Milton Keynes will set a benchmark for large scale developments in this country, and we are excited to build a world-class facility.
“Our partnership with Santander follows the successful delivery and sale of HSBC’s new HQ in Dubai, cementing our position as the real estate partner of choice to global corporations, cities and landowners.”
Nathan Bostock, Chief Executive, Santander UK, said: “We are excited to be sharing our proposals for this major investment in Milton Keynes, reflecting our long-term commitment to the local area. We want a workplace which truly reflects our culture and our vision for the future, which is based on innovation and harnessing new technology to make banking simpler and more personal for our customers.”
SOURCE: Osborne and Co