State Street Signs Lease for New £200 Million HQ at Canary Wharf

Freeman News - February 27, 2006

Canary Wharf Group plc has announced that it has pre-sold long leasehold interests in 20 Churchill Place to Prudential Retirement Income Ltd for £199.5m with an occupational lease to SSB Realty, LLC. CWG will complete construction of the new building by autumn 2008 for full occupation by State Street in early 2009. The building will comprise approximately 300,000 sq ft of office space above ground plus ancillary space. State Street is currently an occupier at Canary Wharf in the One Canada Square tower where it leases five floors from CWG.

20 Churchill Place, designed by Kohn Pedersen Fox, will be State Street's new London Headquarters building. It will be located at the eastern gateway to the Canary Wharf estate, opposite the new Barclays Bank plc Headquarters. The building will enable State Street to consolidate their City, West End and Canary Wharf offices into one location. It is anticipated that State Street will begin a phased move into the building in autumn 2008 to be completed in early 2009. Sphere: Related Content