Key facts
- Citigroup is moving staff into its London headquarters at 25 Canada Square.
- The refurbishment of the tower cost over $1.5 billion.
- The project was delivered by Overbury, a specialist in office fit-out and refurbishment.
- The revamped tower is designed to be a sustainable, people-centered workplace.
- Around two-thirds of the £1.1 billion spend will flow to UK firms and workers.
- Nearly 6,000 people will have worked on the project by completion.
Citigroup is relocating staff into its London headquarters at 25 Canada Square following a significant refurbishment project valued at over $1.5 billion. The extensive renovation, delivered by Overbury, aimed to transform the two-decade-old tower into a modern, sustainable, and employee-focused workspace.
The investment, which began in early 2022, has reportedly exceeded initial estimates by more than tenfold, signaling Citigroup's long-term commitment to the UK as a global financial center. Approximately two-thirds of the £1.1 billion spent on the project is expected to benefit UK companies and workers, creating opportunities for small and medium-sized enterprises within the supply chain. Nearly 6,000 individuals are anticipated to have contributed to the project by its conclusion.
David Livingstone, Citigroup's chief client officer, expressed that the substantial investment highlights the bank's deep-rooted presence and future aspirations in the UK. Edward Skyler, head of enterprise services and public affairs at Citigroup, added that the upgraded facilities are a testament to the bank's commitment to providing its employees with top-tier workspaces and to its ongoing dedication to the communities it serves.
Citigroup employs approximately 14,000 people across the UK, with the redevelopment of its Canada Square site being a pivotal project for the bank and a notable development for London's commercial property sector. Staff are expected to begin returning to the building from spring of next year.