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Capital One UK has completed its expansion in London by relocating its West End offices to the White Collar Factory EC1, overlooking Silicon Roundabout. The new London office now accommodates all of Capital One’s London-based employees in one space.
The announcement follows the attendance of Capital One UK’s CEO Amy Lenander at the Investing in Success business roundtable event in New York hosted by Prime Minister Theresa May. The event was attended by a select gathering of US companies who have made or are looking to make significant new investments in the UK.
Capital One UK has grown its London operations by 120 employees since 2016 and will add a further 40 by the beginning of 2018.
Amy Lenander, Capital One UK's CEO, said the move was an important step for the top 10 credit card provider: “Our move to White Collar Factory is a key part of our drive to put digital and tech capabilities at the core of our business strategy. The new office puts us at the heart of London’s innovation and fintech hub, making it easier to recruit from one of the best talent pools in the world and to integrate into the London tech community.”
Rajesh Agrawal, Deputy Mayor of London for Business, said: “London’s unique concentration of financial and professional service firms, as well as its cutting-edge tech businesses, means our great city continues to be a global finance and innovation powerhouse. London is at the forefront of the financial technology revolution and I welcome the continual investment Capital One has made in our city. Its expansion plans are another clear vote of confidence in the capital, showing once again it is the best place in the world to do business.”
Amy Lenander continued, “Our business is about helping our customers succeed financially, enabled by technology and products. To do that, we have brought our talented London-based employees together in one space where our software engineers, designers, data scientists and product managers can collaborate and create new solutions for our customers.
“Our new office includes a tailor-made event space with incredible views of the London skyline that we intend to use as a space for tech meet-ups as well to contribute to the local community. This move will play a pivotal role in our future success in the UK.”
The White Collar Factory development comprises a 237,000-square-foot 16-storey tower with 56,000-square-foot of additional office campus, restaurants and residential areas. The space is a superb open-plan working environment with an exceptional, tailor-made interior fit with flexible work spaces, meeting areas and a bespoke customer research lab. Rooms are equipped with the latest technology and connectivity, including Microsoft Surface Hubs.
Capital One UK has signed a lease for 29,500-square-feet on the ninth and tenth floors in the building. It retains its iconic Trent House workplace in Nottingham, which is home to 1,000 employees, and under refurbishment to update its design, technology and layout.