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Sabadell Rents 4,800m2 Of Space From Axiare In Sant Cugats

21 July 2017 – Expansión 

Banco Sabadell is expanding its facilities in Sant Cugat (Barcelona) with the aim of accommodating the growth of its IT services and addressing the challenge associated with the technological integration of the British bank TSB.

The entity chaired by Josep Oliu has leased 4,845 m2 from the Socimi Axiare Patrimonio, owner of the ParCugat building, where it will occupy half of the available floors. Sabadell will transfer 350 employees to the property, of which 40% are employed by the bank and 60% are employed by its subsidiary Sabadell Information Systems (Sabis), the bank’s software factory, which its controls 100%.

Some of these employees used to work in the historical building in the centre of the city of Sabadell (Barcelona), where now, instead of 1,900 people, there will be 1,600 employees, dedicated to both technological functions (800 people) and other departments within the entity.

Following this operation, Sabadell will have three corporate buildings in Sant Cugat. In addition to its main headquarters, known as the CBS building, it will have the building leased from Axiare and Colonial’s offices, which it started leasing last year – and where 800 employees work – to centralise the TSB integration process and the creation of the British bank’s new technological platform, known as Proteo4UK.

In total, Sabadell has assigned a team of 1,500 people to “unplug” TSB from Lloyds’ IT system and connect it to its own network. The process is being led by Sabis, although several technology partners are participating in it, such as Accenture, Everis, Indra, GFT, IBM, HP and BT.

The big bang, i.e. the date on which the integration will culminate, is scheduled for the weekend of 4-5 November. The success of the operation is key for Sabadell, given that Lloyds will pay it GBP 450 million to finance the costs associated with the new platform.

Original story: Expansión (by S. Saborit and M. Anglés)

Translation: Carmel Drake