The European Bank for Reconstruction and Development (EBRD) will move its London headquarters from Exchange Square in the City of London to the Canary Wharf business district in 2022.
The EBRD, which promotes the development of private sector enterprise across 38 emerging economies in three continents, has been located in Exchange Square since 1993. The lease on the current property expires in 2022.
On 1 May, Senior Vice President András Simor signed the lease on the property in Five Bank Street, where EBRD staff will occupy the top 12 floors of the 24-storey building.
The Bank’s Board of Directors had approved a proposal for the move on 29 April. The Directors represent the Bank’s broad international ownership base, comprising 67 countries as well as the European Union and the European Investment Bank.
The new building in Bank Street, where some 2,500 London-based EBRD staff out of a total of around 3,500 will work, will be one of the most environmentally advanced offices in the UK, in line with the EBRD’s own emphasis on sustainability and resource efficiency.