Barclays has cemented its long-term future at Canary Wharf with a £750M deal to secure control of its global headquarters, the latest sign that London’s Docklands office market continues to gain momentum.
The bank has acquired a long-term leasehold interest in One Churchill Place from Canary Wharf Group in a transaction valued at £750M, giving Barclays control of the building for up to 999 years and extending far beyond its existing lease, which had been due to expire in 2039.
The deal covers more than 1M SF of office space that has served as Barclays’ global headquarters since 2005.
The acquisition gives Barclays…​