BNY Mellon looks at Canary Wharf exit
BNY Mellon is looking at leaving Canary Wharf and moving staff into its City headquarters at Times Square, 160 Queen Victoria Street, EC4.
The bank has circa 150,000 sq ft of space at One Canada Square, E14, on a lease which expires in 2022, according to Radius Data Exchange.
BNY Mellon is looking at leaving Canary Wharf and moving staff into its City headquarters at Times Square, 160 Queen Victoria Street, EC4.
The bank has circa 150,000 sq ft of space at One Canada Square, E14, on a lease which expires in 2022, according to Radius Data Exchange.
However, BNY Mellon is understood to be seeking a short-term flexible lease extension at Canary Wharf to allow it to move in phases to Times Square (pictured), which is owned by Blackstone.
It is thought to be planning to take around 35,000 sq ft being vacated by Buck Consultants and Dynata (formerly Research Now).
At the end of last year, BNY Mellon reportedly resolved to extend and restructure its lease at Times Square, where it currently occupies 232,490 sq ft on a lease which was due to expire in 2023.
Other tenants in Times Square include law firm Dechert, which occupies around 80,000 sq ft, and Nice Systems, which occupies circa 17,000 sq ft with a lease expiry in 2022, according to Radius Data Exchange.
A spokesperson for BNY Mellon said: “We have been exploring our options and having conversations regarding our office requirements in London for a while, but we are not in a position to confirm any details at this time.”
Blackstone declined to comment. Canary Wharf Group, Buck Consultants and Dynata have been contacted for comment.
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