The purpose-built head office will provide Ecclesiastical with a modern and flexible working environment and sufficient parking for employees and visitors. The new building will accommodate all Gloucester-based employees.
The financial services group has signed an Agreement to Lease with Arlington, the owners of Gloucester Business Park, who are now seeking planning approval for the new building.
Ecclesiastical has been based in Gloucester since the 1970s and with strong links to the city is very much committed to remaining in the Gloucester area.
The lease on Beaufort House, its current head office, is due to expire at the end of 2020.
The move follows a thorough search for new premises, after it was decided that Beaufort House could not meet the company’s future needs.
Staff were told about the planned move this morning (2 October).
Mark Hews, Group Chief Executive of Ecclesiastical Insurance, said: “This is an exciting moment for us in the delivery of our long-term ambitions. The new site will provide modern and spacious accommodation for our colleagues, providing them with an environment where they can thrive.
“As one of the county’s biggest employers we want to commit our future to Gloucestershire and we will maintain our strong links to Gloucester through our numerous partnerships and charitable projects.”
Once planning permission is approved, the building is expected to be completed during 2020 with the move to take place before the end of that year.