Dec. 5 at 1:31 PM
London’s Canary Wharf sees resurgence as major firms commit
Visa is relocating its European headquarters to Canary Wharf, signing a 15-year, 300,000 sq. ft. lease at One Canada Square, with a planned move in summer 2028. JPMorgan plans a new 3 million sq. ft. tower, while HSBC, BBVA, Barclays, Citibank, and Revolut have reaffirmed their presence in the district.
After pandemic-era vacancies, Canary Wharf is experiencing a revival due to improved transport links (Elizabeth Line), multi-use developments, and a slowing construction pipeline boosting rents. Over 750,000 sq. ft. of office leases have been signed this year, marking the district’s strongest leasing performance in over a decade.
Industry experts cite incentives for employees to return to offices, high-quality workspaces, and supportive UK policies—including stamp duty exemptions and stabilized interest rates—as drivers for renewed confidence.
$V $JPM $HSBC $BBVA