Morgan Stanley Signs Ten Year Lease for Canary Wharf HQ

05 April 2024

Morgan Stanley has signed a new lease to retain its Canary Wharf UK headquarters until 2038.

The bank has occupied the 547,000 sq ft EMEA office at 20 Bank Street for over 30 years. The initial lease had a break option in 2028.

It had previously been rumoured that Morgan Stanley was looking for new premises in either the east London financial district or the City of London, as reported by Bloomberg.

The lease with landlord Canary Wharf Group also includes an investment to enhance the property’s sustainability performance.

In a statement from Canary Wharf Group, the CEO Shobi Khan, said, “We are delighted Morgan Stanley is reconfirming its commitment to Canary Wharf to be a part of an extraordinary environment for the world’s leading and most innovative companies.

‘Morgan Stanley will continue to benefit from CWG’s partnership with the Eden Project, greening the estate and transforming the Middle Dock, opening up the water and providing greenery for everyone to enjoy.”

Picture: a photograph of the exterior of 20 Bank Street. Image Credit: CWG

Article written by Ella Tansley | Published 05 April 2024

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