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Nationwide Building Society is the largest retail bank in the United Kingdom (by number of branches), [2] and the world's largest building society, serving over 16 million members. [3] It operates as a British mutual financial institution, meaning it is owned by and run for the benefit of its members.
The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London . [ 1 ] In 1970, it was renamed the Nationwide Building Society .
The original part of the Town Centre development opened in 1959, with Prince's Square following in stages into the mid-1960s, and The Plaza commenced in 1971. [2] Other areas of the centre include the refurbishment and roofing over of Princes Street to form Princes Mall (completed 1984) and the same with Prince's Square (completed 1997).
The town centre is occupied by a large shopping centre comprising six linked malls (The Plaza (development started in 1972), Princes Mall (1984), Southgate (1989), Princes Square (1997), Centre West (2003) and The Hub (2016)). [44] A £400m redevelopment of part of East Kilbride shopping centre was approved in 2006 by South Lanarkshire Council.
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The Nationwide Group Staff Union (NGSU) is an independent trade union in the United Kingdom which represents workers within the Nationwide Building Society and its associated companies. As of December 2021 [update] , it had 12,000 members.
A prominent and popular aspect of the mall introduced at this time was the large water feature which dominated the main atrium and incorporated the 11 ft high Herons Dream sculpture. [5] [6] This was removed during refurbishment in the early 2000s when the centre adopted the name 'Princes Mall'.
In 1919 John Annan told the directors that his firm had bought premises at 34 Princes Street and the offices were opened in 1921. The Society moved there continuing to use Annan’s staff and paying a rent. In 1922 the Staffordshire bought the building, leaving Annan paying rent but still carrying on the Society’s business.