Workplace Pensions Provider joins Nottingham’s expanding Financial Services Sector

Posted on 10 September, 2015 by Cliff Goodwin

A Danish pension fund which launched its British operation from a small ground floor office in London’s Dover Street five year ago has confirmed it is setting up its new 20,000 sq ft headquarters in Nottingham.

NOW: Pensions new headquarters at 37 Park Row, Nottingham

NOW: Pensions new headquarters at 37 Park Row, Nottingham

From a single employee at its West End base, NOW: Pensions will ultimately take on 250 staff when it moves into its 37 Park Row offices this November. Owned by pension fund giant ATP, the UK division is a leading provider of workplace pensions and has attracted over 8,500 clients and nearly 555,000 members since it opened for business in 2010.

Invest in Nottingham — which works closely with investors and local authorities to support incoming companies — and Nottingham City Council co-operated closely with the NOW: Pensions to secure its new premises and will continue to support it with recruitment.

The announcement has been welcomed by council officials and enhances the city’s potential as home for some of Britain’s fastest growing financial companies. Among those already established in Nottingham are: Capital One, Ikano, Experian, banking and financial group TDX and HD Decisions.

“We welcome the news that NOW: Pensions is establishing its operations here,” commented Jon Collins, leader of Nottingham City Council. “The city has a great reputation in the financial services sector and has some of the most innovative businesses working in the field today. The arrival of NOW: Pensions will only enhance this.

“Nottingham’s ongoing investments in infrastructure, the skills we have in the city and our costs are ideal for businesses that are simply overheating in London.

“Working closely with new investors, our team is also able to ensure that the benefits of any new investment are felt by local people, with new jobs on offer now and in the future,” he added.

Morten Nilsson is chief executive at NOW: Pensions. “With over 500,000 companies due to introduce pensions for their staff in 2016, demand for our services is going to go through the roof,” he commented.

“From day one, we’ve always said that we’ll accept any and every employer into our scheme, but to do that we need to take on more people. We need to expand our operations to ensure that these employers receive the help they need and our team in Nottingham will provide much of this ‘first line’ support.”

Jones Lang LaSalle (JLL) and BMO Real Estate acted as joint letting agents for 37 Park Row. “This is the second speculative refurbishment that our clients have successfully delivered in Nottingham,” said JLL’s James Keeton.

“To have the majority let to NOW: Pensions at completion is testament to the quality of space they have created and current demand within the Nottingham market. We now only have one floor remaining at 37 Park Row, but do not expect this to be available for long.”

Keeton said his clients were already considering the refurbishment of the adjacent Agora building at Cumberland Place which would add much needed Grade A space to the Nottingham office sector.

Simon McIntosh, of BMO Real Estate, added: “Following the successful letting of Park View House and considering the demand and supply characteristics of the Nottingham office market, our clients had the confidence to undertake the speculative refurbishment of 37 Park Row to create quality office space that is unprecedented within the Nottingham market.”




Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.


Recent Posts

The best places to stay on the Riviera

The latest property data has identified Newquay as the fastest property seller’s market in the UK

Investing in your garden can increase your property’s value

French Riviera temping high-end homebuyers

How can the ownership rights of my commercial property impact a business sale?

Should I incorporate virtual property viewings permanently?

Investment expected to increase across Asia-Pacific in 2021

UK property industry slows as the conclusion of tax break looms

BNP Paribas cautioned investors on Friday as debt-trading bonanza that increased its earnings this past year

Over 300,000 property purchases fell through in 2020 – we show the most frequent motives and the best way to get your house sale back on track

House Prices in the Capital Surpass £500,000

Optimism from the Bank of England’s chief economist

The most expensive commercial properties.

Businesses operating from shared premises will miss out on grants

BA cuts 12,000 jobs, unions hit back

Media Streaming Service See Record Subscriptions