Investment Bank

Occupational Rationalisation

156,000 sq. ft. down to 135,000 sq. ft.

• A ‘churn’ programme was conducted to reduce the occupational costs during the economic downturn.
• Associated building work was put out to tender and contractors appointed.
• Office floors were re-arranged, the dealing room reduced in size, one floor of 15,800 sq. ft. was vacated and sub-let to create a substantial additional income stream, which delivered cost reduction within that financial year.