Citi begins new London office space search
US banking giant Citi is reported to be considering a
consolidation of its 6,000 London based staff into one location and has
therefore instigated a 700,000 sq ft office search.
Investment and banking firms throughout the UK have recently
been reviewing office requirements following Brexit fears, with fears of a
swathe of relocations to other European cities. As such, Citi’s latest
requirement is sure to be regarded as a show of confidence in London’s
continuing importance as a financial hub.
Citi also announced its intention to sublet 170,000 sq ft of its
space in 25 Canada Square, Canary Wharf earlier this year.
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