Canary Wharf lures Europe’s development bank

Europe’s development bank is to lease space for 2,500 people in Canary Wharf, in a post-Brexit coup for London’s eastern financial district.

The European Bank for Reconstruction and Development will lease 365,000 square feet in a new office building from 2022 on a long lease, moving from the City of London, Canary Wharf said on Wednesday.

The bank, which is not an EU institution, had considered staying in its current Exchange Square headquarters but had also received offers from other European cities to host back-office staff.

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