The EBRD to Move its Headquarters to Canary Wharf

The European Bank for Reconstruction and Development (EBRD) has moved its headquarters from the London Stock Exchange to Canary Wharf, – the information was written on the official website of the EBRD. According to reports, more than half of London’s 2,800 employees have already moved into the top 13 floors of the state-of-the-art Five Bank Street building, with the rest expected to move in by the end of October.

The EBRD reports that Five Bank Street is one of the most advanced office buildings in the United Kingdom in terms of environmental standards and holds a number of international certificates. In addition, the bank plans to obtain relevant certificates in the design and construction part. The International Financial Institution has pledged to become a green bank by 2025 and to bring all activities in line with the Paris Climate Agreement by the end of the year.

The new building is designed for the modern hybrid work model, which became especially relevant during the spread of the coronavirus, therefore employees will have the opportunity to participate in virtual meetings actively.

A number of reputable companies, including BNP Paribas Real Estate, Perkins & Will, Turner & Townsend, AECOM, etc., were involved in the project’s design with the main contractor, Overbury.

The building on the London Stock Exchange Square, in which the EBRD has been located since 1993, was leased by the bank and the contract expires at the end of this year.

The EBRD promotes open market economies and the private sector in 36 countries on three continents and is owned by 71 countries, the European Union, and the European Investment Bank. The EBRD announced plans to relocate in May 2019.