The acquisition values the 999-year leasehold interest \u2013 which is a typical long-term property agreement \u2013 at \u00a3750 million. <\/p>\n
Barclays said it had been investing in the 32-floor tower, including creating flexible spaces to adapt to changing working patterns. <\/p>\n
CS Venkatakrishnan, Barclays’ group chief executive, said: “This acquisition gives us long-term certainty, greater flexibility over our London footprint and reinforces our continued confidence in London as one of the world’s leading global financial centres.” <\/p>\n
Shobi Khan, CWG’s chief executive, said the decision was “a strong endorsement of both Canary Wharf and London”. <\/p>\n
“It underlines the long-term confidence that leading businesses continue to place in the district as a location where they can invest, grow and bring people together,” he said. <\/p>\n
Last year, global investment banking giant JP Morgan Chase announced plans to build a new tower in London’s Canary Wharf which will be three million square feet and house 12,000 of its staff. <\/p>\n
The company’s chief executive said the office “will represent our lasting commitment to the City, the UK, our clients and our people”. <\/p>\n
Meanwhile, HSBC is planning to exit its Canary Wharf tower by 2027 when its current lease expires, and relocate the global headquarters to London’s St Paul’s. <\/p>\n
But it reversed plans to fully leave Canary Wharf by signing a new 15-year lease on a smaller office in the financial hub. <\/p>\n","protected":false},"excerpt":{"rendered":"Barclays has taken control of its Canary Wharf tower in a \u00a3750 million deal which the bank says…\n","protected":false},"author":2,"featured_media":73427,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21264],"tags":[3343,1202,10800,31601,33466,27,33467],"class_list":["post-73426","post","type-post","status-publish","format-standard","has-post-thumbnail","category-barclays","tag-barclays","tag-canary-wharf","tag-canary-wharf-group","tag-canary-wharf-tower","tag-global-headquarters","tag-london","tag-one-churchill-place"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116839070127399625","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/73426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=73426"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/73426\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/73427"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=73426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=73426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=73426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}