The Citigroup Centre is a building complex in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. It houses

Citigroup Citigroup Inc. or Citi (Style (visual arts), stylized as citi) is an American multinational investment banking, investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, t ...

EMEA Europe, the Middle East and Africa, commonly known by its acronym EMEA among the North American business spheres, is a geographical region used by institutions, governments and global spheres of marketing, media and business when referring to t ...

headquarters and is located in

Canary Wharf Canary Wharf is a financial area of London, England, located in the Isle of Dogs in the London Borough of Tower Hamlets. The Greater London Authority defines it as part of London's central business district, alongside Central London. Alongside ...

in the city's Docklands. The centre provides of floor space across two buildings - 33 Canada Square and 25 Canada Square (Citi Tower), and houses the bulk of Citi's 9,000-strong UK employee base. The buildings were separated in 2023, prior to renovation of 25 Canada Square. 25 Canada Square, stands at and, upon its completion in 2001, became the second-tallest building in the United Kingdom (only behind

One Canada Square One Canada Square is a skyscraper in Canary Wharf, London. It is the third tallest building in the United Kingdom at above ground level,Aviation charts issued by the Civil Aviation Authority and contains 50 storeys. It achieved the title of ...

). Designed by César Pelli & Associates with Adamson Associates as executive architect, construction of the 45-storey tower – undertaken by Canary Wharf Contractors – began in 1998 and was completed in 2001, with Citigroup leasing the building from the outset. The building was bought by RBS in 2004 along with

5 Canada Square 5 Canada Square is a 15-storey, office building in the Canary Wharf financial estate of London, England. Overview 5 Canada Square was completed in 2003. The steel-framed building has an aluminum curtain wall and it features a large atrium on ...

(leased to

Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...

) for $1.12 billion. Subsequently, on 2 July 2007, 25 Canada Square was individually sold to a joint venture between Quinlan Private and PropInvest for £1 billion (US$2 billion). Citigroup paid £46.5 million a year in rent for the tower, generating a yield of 4.6% to the owners. Citi later bought the tower for £1.2bn in 2019. The east facing side of 25 Canada Square up to level 40 is configured for use by tenants. 33 Canada Square, is the smaller of the two buildings in the complex, designed by

Norman Foster Norman Robert Foster, Baron Foster of Thames Bank (born 1 June 1935) is an English architect. Closely associated with the development of high-tech architecture, Lord Foster is recognised as a key figure in British modernist architecture. Hi ...

and completed in 1999, two years before its neighbour. At tall, the building is made up of eighteen floors. The building is owned by Citigroup, and was built before the completion of the

Jubilee line The Jubilee line is a London Underground line that runs between in suburban north-west London and in east London, via the West End of London, West End, South Bank and London Docklands, Docklands. Opened in 1979, it is the newest line on the ...

extension in late 1999. In addition to main entrances from both Canada Square and Upper Bank Street, Citigroup Centre is also accessible via underground walkways from Canada Place

shopping mall A shopping mall (or simply mall) is a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term ''mall'' originally meant pedestrian zone, a pedestrian promenade with shops along it, but in the late 1960s, i ...

and

London Underground The London Underground (also known simply as the Underground or as the Tube) is a rapid transit system serving Greater London and some parts of the adjacent home counties of Buckinghamshire, Essex and Hertfordshire in England. The Undergro ...

station - served by the Jubilee line. The Centre is also close to DLR stations

and Heron Quays, which provide connections with the

City A city is a human settlement of a substantial size. The term "city" has different meanings around the world and in some places the settlement can be very small. Even where the term is limited to larger settlements, there is no universally agree ...

London City Airport London City Airport is an international airport in London, England. It is located in the Royal Docks in the London Borough of Newham, Borough of Newham, about east of the City of London and east of Canary Wharf. These are the two centres ...

and surrounding areas. In 2022, plans were announced to refurbish the 25 Canada Square Citi Tower building. The £100m redevelopment would incorporate holistic spaces such as parent rooms, prayer rooms and green spaces including a winter garden. By January 2025, refurbishment costs had escalated to over £1bn; work on site started in July 2023 with completion expected in 2026.

References

{{EUSkyscrapers Skyscrapers in the London Borough of Tower Hamlets Buildings and structures in the London Borough of Tower Hamlets Canary Wharf buildings Citigroup buildings César Pelli buildings Skyscraper office buildings in London

See also

References