A digital bank is to create 1,000 jobs in Manchester city centre. Starling Bank has signed a decade-long deal for the fifth floor of Barings Real Estate's Landmark building near St Peter's Square.
The bank will occupy 14,061 sq ft of space in the building alongside other tenants including Santander UK, Xero UK, RSM, HSBC UK, Allianz Insurance, Grant Thornton, JLL and social enterprise Change Please. READ MORE: Click here to sign up to the BusinessLive North West newsletter Starling Bank first announced its plans to create 1,000 jobs in Manchester in December 2022 but did not reveal where it would be opening an office.
Ian Mayhew, managing director, UK asset management at Barings, said: "To have been selected by Starling Bank for its fourth UK office is fantastic news and we are delighted to welcome their team to Landmark. "It’s great to see the leasing momentum continue into 2023 and we are pleased to be able to deliver a high class working environment for a range of innovative and market-leading businesses." Susanna Yallop, chief people officer at Starling Bank, added: "We’ve had some outstanding applications for our roles in Manchester already, affirming the city’s place as the tech capital of the North. "We want to offer our talent the best of the best; the facilities at Landmark made it the obvious choice for us." Leasing agents for Barings were CBRE and Colliers.
Starling Bank was advised by JLL. In January, Starling Bank boss Anne Boden said the digital bank expects to more than quadruple its profits in 2023 after a strong performance in December.