HSBC has confirmed it will be moving to a large base near Glasgow.

The global banking giant has entered a deal to lease nearly 55,000sqft at Maxim Park, a significant office park located between Glasgow and Edinburgh.

This comes as one of the largest office lettings to be executed in Scotland in recent years, demonstrating the vitality of the Scottish business environment.

HSBC is set to occupy 54,797sqft across three floors in Maxim 4 next year.

In preparation for the move, Shelborn Asset Management, the landlord, is conducting upgrades to the building as part of the 10-year lease agreement, ensuring HSBC will have an all-electric EPC A-rated office.

Enhancements to the space include a Cat A fit-out scheme and the creation of a bespoke ground floor nursery.

This announcement follows earlier reports of Barratt Developments' plans to relocate its West Scotland team to Maxim Park, underpinning the site's reputation as a desirable locale for large businesses.

Barratt, comprising of Barratt Homes and David Wilson Homes, will be taking up a 10-year lease on 9,000sqft of office space within the park.

Colin Mackenzie of MC2, the joint letting agent of Maxim Park, said: "The park’s accessibility, prominence from the M8 Motorway and overall amenity offer were all key attributes we were able to offer to HSBC.

"Shelborn’s ability to deliver a full turn-key package is a rare commodity and very attractive for occupiers searching for highly efficient office space."

Shelborn Asset Management acquired Maxim Park in 2018 and has since attracted various tenants including LumiraDX, Aureum Diagnostics, TClarke, Linear Group, and Sartorius.

Caroline Baillie, Maxim’s director of park services, expressed her optimism for 2024, saying: "We are thrilled to be able to welcome more organisations to our workplace community.

"We’re looking forward to helping HSBC and their people settle into their new surroundings."

CBRE acted as representatives for HSBC in this transaction.