Lloyds Banking Group confirms new hub in South Wales for 3,000 staff

Lloyds Banking Group is creating a major new hub at the soon to be completed John Street office scheme in the centre of Cardiff that will house more than 3,000 staff.

In the biggest office letting deal in Wales since Covid, the bank has agreed a 10-year lease to take the entire 110,000 sq ft building, where construction work from developer JR Smart is scheduled for completion in September next year.

The new office, which Lloyds plans to occupy following a fit-out of the building in the second quarter of 2026, will house existing staff based in Newport and those currently just yards from John Street at St William House.

Lloyds said there would be no re