Civil servants move to Canary Wharf

16th December 2016

Thousands of civil servants are to move to a new Canary Wharf hub currently occupied by Barclays, as both the Government and the bank look to reduce costs. Almost 6k Whitehall employees will be transferred to the 11 storey office by the end of 2018 as part of a government wide drive to reduce costs by renting more modern buildings in cheaper locations. Barclays agreement to assign its lease for 10 South Colonnade is expected to save the bank £35m a year in rent.

The Daily Telegraph (13/12/2016)   Financial Times (13/12/2016)