- Leave the office building of the investment bank by 2022
- Banks around the world are shrinking their real estate footprint
- Barclays consolidates its “campus” sites around the world
LONDON, June 30 (Reuters) – Barclays (BARC.L) said on Wednesday it would move staff at its London investment bank to its neighboring headquarters, consolidating offices in the Canary Wharf financial district.
The British bank has announced that it will move out of 5 North Colonnade, where the investment bank is based, by the end of 2022 and plans to renovate its towering 32-story One Churchill Place building.
Barclays said the move was part of a long-term review of its real estate footprint, as banks around the world cut real estate as part of a shift to working from home during the COVID-19 pandemic.
In recent years, the bank has moved from locations scattered across the countries in which it operates to a “campus” model of consolidating its offices into one location.
In 2018, Barclays opened such an office complex in Whippany, New Jersey, bringing together operations and technology staff from across America.
It also has campuses in Glasgow, Scotland and Pune in India.
Reporting by Lawrence White; Editing by Dhara Ranasinghe and Alexander Smith
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