Martins Bank Building

Martins Bank Building
General information
Type Bank
Location Liverpool, England, United Kingdom
Coordinates 53°24′25″N 2°59′33″W / 53.4070°N 2.9924°W / 53.4070; -2.9924Coordinates: 53°24′25″N 2°59′33″W / 53.4070°N 2.9924°W / 53.4070; -2.9924
Construction started 1927
Completed 1932
Owner Martins Bank (1932–1969)
Barclays (1969–2009)
Technical details
Floor count 7
Design and construction
Architect Herbert H. Rowse
Martins Bank Building
Listed Building – Grade II*
Designated 12-Jul-1966
Reference no. 1062580

The Martins Bank Building is a Grade II* listed building[1] and former bank located in Liverpool, England. Built as the head office of the now defunct Martins Bank, the seven storey classical style building has been described as one of the country's best examples of an interwar classical building.[2]

Designed by Herbert James Rowse, the bank building opened in 1932 as a replacement for the Bank of Liverpool Building which was proving unable to cope with city's increased demand for service. During the Second World War, the bulk of England's gold reserves was moved to the bank's vault as part of Operation Fish.[3]

After Martins Bank merged with Barclays in 1969, the absorbed bank continued to operate up until 2009 when the branch was closed. Since then the building has remained empty and proposals for its conversion to a hotel have stalled.[4]

History

In 1925, a decision for a new bank to be built in the city was made to relive demand on the Bank of Liverpool Building which was proving unable to cope. Properties across from the current bank was bought for £220,000 and local architect Herbert James Rowse was tasked with designing the new building which was set to serve as Martins Bank's home office. After five years of construction the building was completed and on 24 October 1932 opened to the public.[5]

In 1940, under threat of Nazi invasion, 280 tons of the United Kingdom's gold reserves were transported to Liverpool and stored within the bank's vaults ready to be shipped to Canada for safekeeping.[6] The successful operation, code named Operation Fish, was overseen by the bank's Chief Inspector, Donald Devonport Lynch FCIB (1893–1982).

In 1965 the Governor of the Bank of England Lord Cromer, negotiated a deal whereby Martins Bank was merged with Barclays and Lloyds and in 1969 ceased to operate under its original name. The building became a branch of Barclays, retaining some of its original staff and operated for some 40 years before the branch closed in 2009.[6]

Since being vacated by Barclays, plans were announced in 2017 for the unused building to be transformed into the city's first five star hotel.[7] The £50 million plan would have seen the former bank converted into a hotel with over 138 bedrooms a restaurant and spa.[8] However, no work was started on the scheme and by May 2018 it was announced that the building's owners, Starwood Capital, had sold the building as part of a package of 14 properties to a French property company, Foncière des Régions. Immediately after the announcement, 13 of the 14 properties were leased to InterContinental Hotels Group but Martins Bank building was not included in the lease, leading to speculation that it would no longer be turned into a hotel.[4]

References

  1. ↑ "Martins Bank Building". Historic England. Retrieved 22 June 2017.
  2. ↑ Sharples, Joseph (2004). Pevsner Architectural Guides Liverpool. p. 168.
  3. ↑ "The hotel with extra bling". Daily Mail. 11 February 2016. Retrieved 22 June 2017.
  4. 1 2 Houghton, Alistair (8 May 2018). "Future of Martins Bank unclear after building sold in £858m deal". liverpoolecho. Retrieved 9 May 2018.
  5. ↑ "Martins Bank Head Office". martinsbank.co.uk. Retrieved 22 June 2017.
  6. 1 2 "Martins Bank". Barclays. Retrieved 22 June 2017.
  7. ↑ Thomas, Joe. "Martins Bank Liverpool to become city's first five star hotel after new plans submitted". Liverpool Echo. Retrieved 22 June 2017.
  8. ↑ Parry, Joe (11 February 2016). "Work on Liverpool's first ever five star hotel to start this year". Liverpool Echo. Retrieved 22 June 2017.
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