Citi to Overhaul Canary Wharf Skyscraper for Flexible Work Era
- Renovation to take three years and will complete in 2025
- U.S. bank bought 42-floor skyscraper for $1.3 billion in 2019
The skyscraper housing the Citigroup Inc. offices at 25 Canada Square in the Canary Wharf district in London, U.K.
Photographer: Chris J Ratcliffe/BloombergThis article is for subscribers only.
Citigroup Inc. will completely refurbish its 42-story office tower in London’s Canary Wharf district, a three-year undertaking that underlines the bank’s commitment to London and office-life even as it moves to more flexible ways of working.
The U.S. lender said in a statement Wednesday that it expects the overhaul of 25 Canada Square to be completed in 2025. The project will cost more than 100 million pounds ($135 million) and will require all staff to relocate while the work takes place, a person familiar with the matter said.