HSBC has reaffirmed its long-term commitment to Canary Wharf signing a new 15-year lease for 210,000 sq ft of office space at 40 Bank Street.
In 2023, it was reported the banking group was poised to leave its 8 Canada Square HQ building in Canary Wharf when the lease expired in 2027 and relocate to the City.
In the year to date, Canary Wharf Group has completed more than 450,000 sq ft of lettings across its estate and has “an active and deep pipeline across end sectors”.
Suzy White, group chief operating officer of HSBC, said: “We are delighted to be retaining a presence in Canary Wharf. Continuing to operate from multiple sites in London, as we always have, ensures we are easily accessible for our clients across the capital and remains a key element of our business continuity strategy. The new space in Canary Wharf will be a great addition to our real estate portfolio.”
Shobi Khan, CEO of CWG, added: “We are thrilled HSBC will continue to be a part of the extraordinary environment at Canary Wharf. This letting reflects the enduring appeal of our mixed-use neighbourhood where commerce, community and culture thrive. Canary Wharf is a city within a city supported by world-class amenities, excellent transport links, green and blue spaces and sustainable buildings.”
