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Barclays to have 2nd largest facility in Pune

BarclaysBarclays is set to have its single biggest facility outside its Canary Wharf headquarters in London at Pune. The bank has concluded a deal with K. Raheja Corp to lease 1.1 million sq ft new office in the city recently. The new built-to-suit office space will accommodate the back-office work – Barclays Global Services Center – supporting the bank’s investment and retail banking operations globally. The facility will have more than 8,000 people and is located in the Kharadi suburbs of Pune. The new office will consolidate existing teams of the global services center in Pune, besides adding some new hires. The Indian back office functions of Barclays are spread across Pune, Noida and Chennai. Barclays will pay annual lease rental of around Rs 80 crore. The facility is located at Gera Commerzone, an IT Special Economic Zone jointly built by K Raheja and Pune-based Gera Developments.

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