Overview
- Visa agreed a 300,000 sq ft lease at One Canada Square and will shift its European headquarters from Paddington in summer 2028.
- Canary Wharf Group reports more than 750,000 sq ft of office deals in 2025, the area’s strongest leasing year in over a decade.
- JPMorgan plans a new 3 million sq ft London tower to serve as its main UK headquarters with capacity for about 12,000 people.
- Canary Wharf’s resurgence is attributed to faster Elizabeth line connections, a pivot to mixed-use space, and a construction pipeline set to tighten after 2026.
- Visa’s regional chief called the move a significant investment in its people, as analysts cite supportive budget measures and a steadier rate outlook lifting demand for prime offices.