Capital One is to hire an additional 200 software engineers and tap into London's thriving tech scene by relocating its City Office to Silicon Roundabout.
The organisation has signed an 11-year lease for two floors at the White Collar Factory EC1, overlooking Silicon Roundabout, in order to accommodate 200 new staff as well as its existing 50 London-based employees.
Chris Newkirk, Capital One UK’s CEO, says: “To continue to win as digital redefines our industry, we are building the talent and capabilities of a leading information-based technology company. We are rapidly growing our software engineering, design, data science and product management teams. This involves the recruitment of hundreds of specialists - we felt The White Collar Factory was the perfect solution to our future accommodation needs. Being based at Silicon Roundabout will enable us to draw upon the wealth of technological expertise the City has to offer, enabling us to attract and retain premium talent.”
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, surrounding a new public square to be called “Old Street Yard”.
Capital One has pre-let 29,500-square-foot on the ninth and tenth floors of the tower block, which is on course for completion in the last quarter of 2016. The company intends to take up residence in February of next year, where it will join the likes of Adobe, AKT II, BGL and The Office Group in the property.
Says Newkirk: “These new offices will provide a superb working environment as well as an ideal location to host meet-ups and events for the technology sector. This will help us become an integral part of the tech community in London and will play a pivotal role in our future success in the UK.”