Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Barclays to stay at iconic Canary Wharf until 2039 as WHF sees headquarter culture change

by December 21, 2023
December 21, 2023
Barclays to stay at iconic Canary Wharf until 2039 as WHF sees headquarter culture change

Barclays has reached an agreement to stay in its Canary Wharf headquarters until at least 2039, in a boost to the London docklands financial district following a string of exits from other high profile firms.

Canary Wharf Group said the bank had agreed a five year lease extension on its tower One Churchill Place.

Barclays has also agreed to give back a second building at 5 North Colonnade which it decided to leave in 2021.

Its decision to stay comes as rival HSBC said it would leave its headquarters at Canary Wharf when its lease expires in 2027 and would move back to the heart of the City.

Canary Wharf has received a major boost in the last year following the completion of the Elizabeth Line.

The new route is now responsible for one in every six journeys on the London Underground, and allows commuters to get from the banking and financial districts, to Heathrow, in under an hour.

Canary Wharf has faced challenges amid a world of changing work culture and rising interest rates.

But today, Alastair Blackwell,chief executive officer at Barclays, said Canary Wharf is a “fantastic place to work”

He said: “After announcing our intention to exit 5 North Colonnade in 2021, I am pleased we have reached this agreement with CWG which delivers a long-term cost saving for the bank.

“Canary Wharf is a fantastic place to work and our 5-year lease extension at One Churchill Place is testament to that.”

John Mulqueen, chief investment officer at CWG, added that “Canary Wharf is a 15 minute city with access to great transport links, access to 16.5 acres of parks and a wide range of amenities and cafes, bars and restaurants.”

Read more:
Barclays to stay at iconic Canary Wharf until 2039 as WHF sees headquarter culture change

0
FacebookTwitterGoogle +Pinterest
previous post
Frasers Group snaps up luxury clothing website Matches Fashion for £52m
next post
Post Office victims’ compensation pot cut by half

You may also like

Men’s sexual health app faces £400k HMRC clawback...

April 28, 2025

Apple pull the plug on self-driving electric car...

February 28, 2024

UK economy set to contract as business confidence...

December 9, 2024

UK extends seasonal farm worker scheme for five...

February 26, 2025

Corporate intelligence company Hakluyt sets up fund to...

March 29, 2023

Insurer forced to pay thousands of pounds to...

January 4, 2024

Google vows tougher measures on fake reviews after...

January 24, 2025

Gary Neville: from the pitch to the boardroom

June 3, 2025

HMRC urged to increase car mileage allowances

September 30, 2022

UK could lose £22bn in exports if Trump...

November 11, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025
    • Call with China’s Xi, and Trump-Musk exchange fueled barbs during 20th week in office

      June 7, 2025
    • Trump’s conservative allies warn Congress faces critical ‘test’ with $9.4B spending cut proposal

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,568)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved