Canary Wharf Grouphas let 365,000 sq ft of 1-5 Bank Street to the European Bank for Reconstruction and Development EBRD.
The EBRD, which promotes the development of private sector enterprise across 38 emerging economies in three continents, will move its headquarters from Exchange Square in the City of London to Canary Wharf in 2022. It will occupy 365,000 sq. ft. across the top 13 floors of the 24-storey building at Canary Wharf on a long lease, and will locate 2,500 EBRD staff there.
1-5 Bank Street is currently under development, and upon completion will be one of the most environmentally advanced and efficient offices in the UK, with a BREEAM Outstanding rating. Société Générale are already taking the lower floors in the building which will accommodate around 2,500 Société Générale employees later this year .
Sir George Iacobescu CBE, Chairman and Chief Executive Officer of Canary Wharf Group, commented: “We are delighted EBRD has chosen Canary Wharf for its new headquarters. The move is testament to the quality of our building, which will be one of the most efficient and sustainable in the UK and to the amenities and environment EBRD employees will enjoy at Canary Wharf. We are looking forward to welcoming EBRD to Canary Wharf which is increasingly a destination for people to work, live and relax.”
András Simor, Senior Vice President, Chief Financial Officer and Chief Operating Officer, European Bank for Reconstruction and Development, added: “We are greatly looking forward to our move to Canary Wharf. Our ambition was to find a world-class location for our staff, enabling us to continue our mission to change lives in the countries where we operate. 5 Bank Street will give us that, offering outstanding space and facilities while being both cost-effective and environmentally sustainable. We want to become good neighbours and friends to the other occupants of Canary Wharf when we arrive in 2022, and we’re looking forward to working closely with Canary Wharf Group in the coming months and years.”
One & Five Bank Street development by Canary Wharf Group has achieved an Outstanding rating, making it one of the most sustainable buildings of its type in London.
The development achieved a design stage score of 87.1%, verified by independent assessors in accordance with BREEAM (Building Research Establishment Environmental Assessment Methodology). One & Five Bank Street is one of only three commercial developments in London to achieve a BREEAM 2014 Outstanding rating. BREEAM is the world’s leading design and assessment method for sustainable buildings.
Bianca Stendtke, Canary Wharf Contractors Ltd. Project Executive said
“This BREEAM 2014 design stage score is a special achievement for us. It is CWCL’s first project to achieve this level, it is an acknowledgement of our project and consultant teams’ diligent work, and reflects our commitment to sustainability. I’m very pleased that we managed to exceed our set target and that with extra effort, we were able to achieve this OUTSTANDING result.”
Martin Gettings, Canary Wharf Group Sustainability Manager, said:
“We are absolutely delighted to achieve this level of performance on our very latest commercial offering. It is a true reflection of the team’s total commitment to delivering real sustainability within our developments and adds further value to the Canary Wharf Estate, both directly from the contributions of this project but also through the significant transferable learning generated because of our approach to sustainability.”