Barclays in talks over mega-campus at £850m Mayfield development

Barclays Bank looks set to sign a pre-let deal for a 600,000 sq ft mega campus in Manchester city centre next to the future HS2 terminal.

According to reports, the bank is advanced negotiations to secure a new hub at the £850m Mayfield development.

The masterplan for the site was only published for public consultation by The Mayfield Partnership – a joint venture between LCR, Manchester City Council, Transport for Greater Manchester and regeneration specialist U+I on Wednesday  (February 7).

According to property publication Estates Gazette CBRE is advising Barclays, which is understood to be planning to consolidate its Northern offices into the new hub.

Barclays already has a major fintech site at Radbroke Hall in Knutsford, Cheshire where 3,700 workers are based, but a presence at Mayfield would put it just over an hour away from London by train.

Its city centre offices include 80,000 sq ft at Ares Management’s 4 Piccadilly Place in Manchester and the British Airways Pension Trustees’ 20 Chapel Street in Liverpool, where it occupies around 8,000 sq ft.

The Mayfield Partnership have declined to comment on the reports.