PwC UK has agreed Heads of Terms for 350,000 sq ft of new office space at One Eden in Canary Wharf, with completion expected in the autumn. The decision follows an extensive review of potential sites as the firm plans for an expected major refurbishment at Embankment Place from 2030, where 5,500 staff are currently located.
The new space will address PwC’s immediate requirements from 2030, as it also plans for the expiry of its More London lease in 2035.
Marco Amitrano, Senior Partner of PwC UK, said:
“We’re excited by the prospect of expanding our London property footprint to include One Eden at Canary Wharf in 2030. The capital’s enduring status as a fulcrum of professional and financial services means it will always be absolutely core to our business.
“At the heart of Canary Wharf, One Eden will provide a fantastic environment for our people and clients, broadening our London presence and accessibility. It also gives us the quality facilities, flexibility and sustainability we’re looking for in a workplace.”
Shobi Khan, CEO of CWG, said:
“We’re delighted to welcome PwC to Canary Wharf. The world’s leading businesses choose Canary Wharf for its exceptional connectivity, world-class workplaces and vibrant mixed-use district. PwC’s decision to locate at One Eden is another powerful endorsement of our vision and reflects growing demand for high-quality, sustainable office space that supports collaboration, innovation and growth.”
One Eden sits immediately above and adjacent to the Jubilee line station, integrated with Eden Dock and surrounded by Jubilee and Canada Square Parks. It delivers more than 580,000 sq ft of workspace and building amenities including winter gardens in the full height atria. The retrofit will set a new benchmark for sustainable development.
Notes to editors
The current lease on Embankment Place expires in 2030, after which it will undergo a significant refurbishment. PwC will continue to occupy More London near London Bridge.
This announcement does not mean that all colleagues currently based at Embankment Place will move to Canary Wharf in 2030. Future occupancy arrangements will be considered as part of our wider London property strategy over the coming years.
One Eden will join PwC UK’s property portfolio which consists of the offices in Aberdeen, Belfast, Birmingham, Bradford, Bristol, East Midlands, Cambridge, Cardiff, Edinburgh, Glasgow, London, Leeds, Manchester, Newcastle, Reading, Southampton and Watford.
Source: www.pwc.co.uk
