Finance
Morgan Stanley Is Staying in Canary Wharf for Another Decade
- US bank extended its lease for 20 Bank Street through 2038
- Agreement is a win for docklands district after others left
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Morgan Stanley has decided to keep its European headquarters in London’s Canary Wharf neighborhood, bucking the trend of financial firms that have opted to leave the Docklands district.
The bank will maintain its offices at 20 Bank Street through 2038 after agreeing to extend its lease on the space by 10 years, according to a statement Wednesday from landlord Canary Wharf Group. The deal includes “an investment to enhance the property’s sustainability performance,” the developer said.