Canary Wharf Group (CWG) secures a new lease with Banco Bilbao Vizcaya Argentaria, S.A (BBVA) to extend and expand their office footprint at Canary Wharf.
The latest deal takes the amount of office space announced this year to circa 250,000 sq ft.
Global financial services company BBVA has grown its presence in One Canada Square since its initial lease in 2011. The company is taking an additional floor, bringing its total space to 60,000 sq ft and extending until 2035.
Anselmo Andrade, Head of BBVA CIB UK, said: “Canary Wharf has consistently offered BBVA an excellent base for our UK operations. Expanding our footprint here is a natural step as we continue to grow and invest in providing a collaborative and high-quality workspace for our teams.”
John Mulqueen, Chief Investment Officer at CWG, added: “We are delighted to agree a new lease with BBVA, a prominent and highly successful company and to be a part of their continued success. We’re seeing strong demand in our leasing pipeline having announced approximately 250,000 sq ft of deals this year which is driven by business expansion, growth and a desire by businesses to bring their people together to collaborate. Our thriving ecosystem delivers retail, leisure and entertainment complemented by an array of green and blue spaces.”
BBVA joins a growing list of companies recommitting to the Wharf, including Barclays, Citi, Fitch, JP Morgan, Morgan Stanley, Revolut, SmartestEnergy and UCL alongside new arrivals including Zopa, Hershey’s, Napier AI, hVIVO and AviadoBio.
Notes to Editors
About Canary Wharf Group (‘CWG’)
Canary Wharf Group (CWG) is the developer of the largest urban regeneration project in Europe. CWG develops, manages and currently owns interests in approximately 9 million square feet of mixed-use space and over 1,100 Build to Rent apartments. Canary Wharf’s retail offering is ranked the UK’s number one shopping destination by Green Street.
CWG is committed to turning sustainability ambition into impactful action. Examples include purchasing 100% electricity from renewable sources since 2012, our partnership with the Eden Project creating a place for nature and people and working to deliver our Science-Based Targets.
CWG has created a 24/7 city where people can live, work and thrive and enjoy all the benefits that Canary Wharf provides: great transport links, access to 16.5 acres of green spaces and waterside living; and a wide range of amenities including an award-winning arts and events programme. Canary Wharf’s retail and leisure offer includes over 80 bars, cafes and restaurants and more than 320 shops, including 8 grocery stores, pharmacies and health clubs all within 15 minutes’ walk. CWG recorded its highest annual footfall of more than 72 million to its retail malls in 2024.
Website: www.canarywharf.com www.group.canarywharf.com
LinkedIn: @CanaryWharfGroup
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