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Barclays announces exchange of contracts on the purchase of Northampton Pavilion Drive

Barclays has today completed the purchase of Northampton Pavilion Drive from the landlord, Bayernfonds Immobilienverwaltung GMBH & Co.

The purchase of Pavilion Drive cements Barclays’ longstanding commitment to Northampton and continued investment in the area. The Town has been a key location for Barclays in the UK for more than 50 years and was the birthplace of Barclaycard following the launch of the brand in the UK in 1966.

Pavilion Drive, which currently houses 3,250 employees, has remained the UK headquarters for Barclaycard for more than 20 years since the building was opened in 1997.

Sarah O’Donovan, Northampton head of Site for Barclaycard said:

The purchase of Pavilion Drive cements our long-term commitment to Northampton which spans more than 50 years.  We are delighted to have completed this transaction, which will enable us to continue to invest in and improve the site to benefit colleagues, as well as our millions of customers. Barclaycard is proud of its association with Northampton, and we look forward to many more years of close involvement with the Town.”

Notes to editors

For more information, please contact Lisa Webb, Head of Regional Corporate Affairs, Barclays, on ++ 44 (0) 7775 548 426 or lisa.webb@barclays.com

About Barclays

Barclays is a transatlantic consumer and wholesale bank with global reach, offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US.

With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 85,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays .