Firm commits its long term future to Milton Keynes with new HQ building

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A major Milton Keynes company is about to mark the start of construction work on a state-of-the-art new headquarters building.

Volkswagen Financial Services Ltd is investing in the city with a new, 100,000 sg ft, state-of-the-art head office on a redevelopment site in Delaware Drive, Tongwell.

The buiding has enough space to enable the company to grow over 20 years and should be completed by early 2014.

It’s the latest in a series of successes for the city in attracting new firms in and others to stay and follows Honda’s decision to base its Formula 1 racing efforts in Milton Keynes.

A breaking ground ceremony is due to be held on Wednesday (July 31) attended by joint managing directors of Volkswagen Financial Services, Graham Wheeler and Lisa Stacey.

Volkswagen Financial Services (UK) Ltd is a wholly owned subsidiary of Volkswagen Financial Services AG, which is in turn 100 per cent owned by Volkswagen AG the global vehicle manufacturer. Volkswagen Financial Services AG is responsible for co-ordinating the worldwide financial services activities of the Volkswagen Group.