Canary Wharf Group and Qatar Investment Authority have submitted plans to overhaul HSBC’s iconic HQ at 8 Canada Square.
According to documents filed with Tower Hamlets Council, the upper floors of the 45-storey tower will be reshaped once the bank leaves to create landscaped terraces and a public rooftop.
The redevelopment means the block, which HSBC moved into 25 years ago, will be carved up into offices, retail space, restaurants and a 181-room hotel.
© Canary Wharf Group/KPF
When HSBC first announced it would leave the tower in 2023, the future looked bleak for the financial district, with Moody’s, the rating agency, and law firm Clifford Chance also choosing to leave the Docklands.
More recently, however, JPMorgan has announced plans to build “London’s biggest office” in Canary Wharf, with the new European HQ housing 12,000 staff and creating almost 8,000 jobs, while Visa, the financial payments group, has signed a 15-year lease at One Canada Square.
HSBC will move to a smaller headquarters near St Paul’s Cathedral in the City of London, which had previously been the home of telecoms group BT. In August last year, however, the bank also signed a 15-year lease at 40 Bank Street in the Docklands owing to a shortage of space at the new HQ.
More to follow
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