TheCitigroup Centre is a building complex inLondon. It housesCitigroup'sEMEA headquarters and is located inCanary Wharf in the city'sDocklands. The centre provides 170,000 square metres (1,800,000 sq ft) of floor space across two buildings -33 Canada Square and25 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.[1]
25 Canada Square, stands at 200 metres (656 ft) and, upon its completion in 2001, became thesecond-tallest building in the United Kingdom (only behindOne Canada Square).[2] Designed byCésar Pelli & Associates withAdamson Associates asexecutive architect, construction of the 45-storey tower – undertaken by Canary Wharf Contractors[3] – began in 1998 and was completed in 2001, with Citigroup leasing the building from the outset.[4] The building was bought byRBS in 2004 along with5 Canada Square (leased toBank of America) for $1.12 billion.[5] Subsequently, on 2 July 2007, 25 Canada Square was individually sold to a joint venture betweenQuinlan Private andPropInvest for £1 billion (US$2 billion).[5] Citigroup paid £46.5 million a year in rent for the tower, generating a yield of 4.6% to the owners.[5] 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 byNorman Foster and completed in 1999, two years before its neighbour. At 105 metres (344 ft) tall, the building is made up of eighteen floors.[6] The building is owned by Citigroup, and was built before the completion of theJubilee line extension in late 1999.
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.[1] By January 2025, refurbishment costs had escalated to over £1bn; work on site started in July 2023 with completion expected in 2026.[7][8]
