Morgan Stanley Signs Ten Year Lease for Canary Wharf HQ
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...
Read Full ArticleNeobank Revolut has committed to a ten-year lease at the YY London building in Canary Wharf.
The team will move to the newly refurbished building from its current Westferry Circus location in May 2025. The move will support its plans to grow its global workforce by 40 per cent in 2024. In April, Revolut announced that it had grown its workforce to 10,000 employees.
Revolut will take up 113k sq ft of the building over four floors, increasing their current office footprint by over 40 per cent. Despite being a remote-first company with over a third of its workforce based outside of London already, Revolut aims to use the new space for product launches, workshops, team-building activities, and other events. The building features a versatile 1,500 sq ft space on level 14, offering a year-round venue for talks and events.
Redesigned by Buckley Gray Yeoman, YY London is a BREEAM Outstanding-rated office with outdoor spaces through on-floor terraces on nearly every level, and luxurious end-of-journey facilities.
Shobi Khan, CEO of Canary Wharf Group, said: “We are delighted Revolut has recommitted to Canary Wharf – the very place their remarkable journey began. From their humble beginnings in 2015 when they started out with just two desks at Level39 - our tech incubator, to now expanding into their Global Headquarters. Revolut's phenomenal rise is a powerful testament to the extraordinary environment we have created for the world's leading and most innovative companies.”
Picture: a CGI of the YY Building with the Revolut Logo added to the top. Image Credit: Revolut
Article written by Ella Tansley | Published 18 June 2024
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