Deutsche Bank moves into Revolut-branded Canary Wharf tower

cityam12-06 17:48

Deutsche bank to move into one of the Docklands’ biggest lettings of the year Deutsche Bank is set to take roughly 250,000 sq ft of office space in Canary Wharf’s YY building, the Financial Times has ...

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href=https://www.cityam.com/deutsche-bank-moves-into-revolut-branded-canary-wharf-tower/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deutsche bank to move into one of the Docklands’ biggest lettings of the year Deutsche Bank is set to take roughly 250,000 sq ft of office space in Canary Wharf’s YY building, the Financial Times has ...</p>\n\n<a href=\"https://www.cityam.com/deutsche-bank-moves-into-revolut-branded-canary-wharf-tower/\">Source 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German bank will move into one of the Docklands’ biggest lettings of the year, providing the latest sign that the financial district’s fortunes are swinging back into recovery.People familiar with the deal say the German lender will occupy around twice as much space in the South Colonnade tower as Revolut, which moved into the top four floors earlier this year and emblazoned its logo across both sides of the building.A tenant of Deutsche’s size would be able to claim signage on one side of the tower, the people told the FT.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DB":"德意志银行","BK4552":"Archegos爆仓风波概念","BK4585":"ETF&股票定投概念","BK4118":"综合性资本市场","BK4566":"资本集团","BK4588":"碎股"},"translate_title":"德意志银行搬进Revolut品牌的金丝雀码头大厦","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DB":1.5},"content_text":"Deutsche bank to move into one of the Docklands’ biggest lettings of the year Deutsche Bank is set to take roughly 250,000 sq ft of office space in Canary Wharf’s YY building, the Financial Times has reported.The German bank will move into one of the Docklands’ biggest lettings of the year, providing the latest sign that the financial district’s fortunes are swinging back into recovery.People familiar with the deal say the German lender will occupy around twice as much space in the South Colonnade tower as Revolut, which moved into the top four floors earlier this year and emblazoned its logo across both sides of the building.A tenant of Deutsche’s size would be able to claim signage on one side of the tower, the people told the FT.\n\nThe lease marks a shift in the bank’s London footprint.\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDeutsche’s main UK headquarters sits in Moorgate, but it opened a Canary Wharf outpost in 2016 and currently occupies 11 floors at 10 Upper Bank Street – space shared with Clifford Chance.That lease expires in 2028 when the law firm returns to the City, prompting Deutsche to weigh up staying put with a smaller footprint or decamping elsewhere in the capital.The bank, along with building owners Oaktree and Quadrant, declined to comment.\n\nThe YY buildin, previously Thomson Reuters’ European HQ and once known for the news ticker wrapped around its façade, has undergone a major refurbishment since its 2019 acquisition by Quadrant and Oaktree.The tower now includes a rooftop terrace and Italian restaurant Barbarella, amenities that have helped draw in new tenants.A Docklands revivalThe deal comes at a moment when Canary Wharf is showing the first signs of a meaningful rebound after years of sliding valuations and a pandemic-era dip in office 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