Citigroup Invests £1 Billion in Sustainable Revamp of London HQ

The renovation of the 42-storey Canary Wharf tower aims to attract staff back to the office with innovative design and amenities, while reflecting a commitment to hybrid work and sustainability.

• Citigroup is spending £1 billion to renovate its 25 Canada Square headquarters in London, nearly matching the £1.2 billion it paid to purchase the building in 2019.
• The redesign includes multi-level 'villages,' a central winter garden, and other outdoor spaces to create a modern and appealing workspace.
• The bank chose to renovate rather than demolish and rebuild the structure, citing sustainability as a key factor in the decision.
• Citigroup's renovation strategy aligns with its hybrid work model, aiming to entice employees back to the office rather than mandate attendance, unlike stricter policies adopted by competitors like Goldman Sachs and JPMorgan.
• The project is part of a broader shift in Canary Wharf, where other major firms, like HSBC, are reimagining office spaces to adapt to post-COVID hybrid work trends.

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