From Bloomberg News reporter Jack Sidders:

Visa has agreed to a deal to move its European headquarters to Canary Wharf, the latest win for the financial district.

The payments company will rent 300,000 square feet at One Canada Square, according to a statement Friday. It will move from its current location in Paddington in 2028.

Canary Wharf is emerging from a torrid period marked by a string of tenant departures and falling valuations.

by bloomberg

17 comments

  2. Surely you don’t need a visa to go from Paddington to the Docklands?

  3. When will these global finance companies realise Brexit means Brexit and to leave our island…we are full….

  5. It’s a bit click-batey?

    I thought I was about to read they were moving from eg Frankfurt to London… not a couple of miles

  6. Lol I was getting excited to see some positive news, but they’re just relocating from Paddington to Canary Wharf…

    Still better than them relocating to the EU, but I doubt they would have liked to move anyway, as the EU is looking to implement the digital euro and be a competitor to Mastercard and Visa.

  7. Interesting from CWs perspective. I guess the flood of companies out of CW back to the City is starting to make the area look like good value again for large companies.

    Bit of a fucker if you’ve built your life round a commute to Paddington. Though I suppose with the Elizabeth Line it’s much less of a disaster than it would have been previously.

  9. Paddington is an absolute shit hole compared to other parts of London you get offices in, I’m not surprised

  11. But…. Brexit. I thought Brexit was going to mean the UK would be hollowed out and companies would move to mainland Europe.

    Or was that all scaremongering?

  12. Canary Wharf is definitely getting its mojo back. JP Morgan and now this. Brexit or not – London will remain a global and top tier financial centre.

  13. Was pretty mad to put your HQ in Paddington.

    Interesting to see Canary Wharf attracting another major company again. The City’s building shortage is Canary’s wins

  16. This is a huge vote of confidence for Canary Wharf, especially after all the doom and gloom about companies leaving. The Elizabeth Line really does change the game for commuters, even if it’s still a pain to have to switch up your routine. It feels like the area is finally turning a corner.

  17. Why aren’t they moving it to Frankfurt, Dublin or Amsterdam?

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