Atom bank Inks Multi-Million Pound Deal for Newcastle Headquarters
Deal News | Mar 20, 2025 | Philip Hare & Associates LLP
Atom bank, the UK's first app-based bank and the first digital bank to receive a regulatory licence, has announced a significant investment into its new headquarters in the historic Pattern Shop building in Newcastle. This move, backed by the legal expertise of Muckle LLP, is designed to foster a more collaborative workspace for its 550 employees while enhancing its ties to the region. The bank aims to create a flexible, employee-centric environment as part of its growth strategy. Aided by agents at Knight Frank and JLL, the bank has successfully secured the property and submitted planning applications to Newcastle City Council to fully occupy the building.
Sectors
- Banking and Financial Services
- Real Estate
Geography
- United Kingdom – The article focuses on Atom bank, a UK-based company, and its new headquarters in Newcastle.
- Newcastle – The specific city where Atom bank is setting up its new headquarters, reflecting regional investments and development.
Industry
- Banking and Financial Services – The article is predominantly about a financial institution, Atom bank, making strategic investments to expand its physical footprint.
- Real Estate – The article involves the acquisition and leasing of a new headquarters in a heritage building, requiring legal advice and planning applications.
Financials
- Multi-Million Pound – The investment by Atom bank in acquiring and setting up the new headquarters.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Atom bank | Target | Company | The UK's first app-based bank investing in a new headquarters in Newcastle. |
| Muckle LLP | Legal Advisor | Company | Provided legal services for Atom bank's acquisition of the new headquarters. |
| Will McKay | Partner, Real Estate Team | Person | Led the legal advice team from Muckle LLP for Atom bank's acquisition. |
| Tom Small | Solicitor, Real Estate Team | Person | Part of the legal advice team at Muckle LLP for Atom bank's acquisition. |
| Jessica Gray | Solicitor, Real Estate Team | Person | Supported the legal advice team at Muckle LLP for Atom bank's acquisition. |
| Ross Galbraith | Partner, Construction Team | Person | Provided construction legal advice support at Muckle LLP. |
| Knight Frank | Real Estate Agent | Company | Assisted in securing the letting and lease negotiations. |
| JLL | Global Real Estate Services Company | Company | Assisted in securing the letting and lease negotiations. |
| Laura Farnworth | General Counsel & Company Secretary | Person | Head of the legal team at Atom bank, overseeing the acquisition. |
| Newcastle City Council | Government | Government | Received planning application from Atom bank for the new headquarters. |