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Wells Fargo Buys £300M HQ In Central London


Wells Fargo shrugged off Brexit worries and splashed down £395M on a new HQ in the main financial sector of London, marking one of the biggest deals in UK since the referendum. Slovak developer HB Reavis is due to complete the 11-story, 227k SF building at 33 Central in the third quarter of 2017.

Wells Fargo plans to consolidate all of its London-based staff in a single location, according to Bloomberg.

Once completed, 33 Central will provide large flexible office floor plates and premium facilities that maximize natural light and outside space. A 10k SF rooftop garden offers views of London’s landmarks, including the Shard, the Walkie Talkie building and St. Paul’s Cathedral. The location is central to transport links, and major attractions like the Tower of London.

Knight Frank and Deloitte repped 33 Central in the deal, and CBRE advised Wells Fargo. [Bloomberg]