The gleaming skyscrapers of London’s east skyline, built almost 40 years ago, are home to the headquarters of the world’s biggest banks and tens of thousands of their office workers.
As firms adjust to hybrid work, many are downsizing their physical footprint.
HSBC became the latest, announcing recently that it would leave its longtime headquarters in Canary Wharf in late 2026 and move its 8,000 employees to a smaller space in London’s central banking district about three miles to the west.
Its departure, on the heels of several other firms, has spurred speculation over the future of a district.
The move comes as the owners of Canary Wharf, a purpose-built, 128-acre financial services hub, are pivoting to re-energize it, adding more residences, building labs to lure life-sciences groups and hosting cultural shows and activities.
Organizations:
HSBC
Locations:
London’s, Canary, Canary Wharf