The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
Wells Fargo & Co. agreed to purchase a new London headquarters in a move that will enable the US bank to increase its presence in the UK capital.
The building, known as 33 Central, is due to be completed in the third quarter of 2017, according to a statement on Monday from the developer, HB Reavis Group.
The property in the City of London district would have room for about 2,600 people, based on the specification listed on the building’s website. Wells Fargo employs 850 people across four London office properties and plans to occupy all of the new building, according to a spokeswoman. Britain’s shock vote to leave the European Union last month sparked concern that banking jobs could be moved to other cities. Wells Fargo initially sought to lease the building before choosing to purchase.
it instead, according to the statement. The property will have a rooftop garden with views over the River Thames.