News

Wells Fargo Buys £300M HQ In Central London

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]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Why Hines Is Restarting Its Development Engine

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Pinewood Studios Pays Owners £100M Dividend And Completes £300M Refinancing

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

Ashley's Frasers Sets £20B Real Estate Acquisition Target

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

Billionaire Buys Into BTR With £150M Deal

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market