HSBC reaffirms commitment to Canary Wharf with new lease at 40 Bank Street – 08.08.25

Canary Wharf Group (CWG) is pleased to announce another step forward in its evolution. HSBC has signed a new 15-year lease for 210,000 sq ft at 40 Bank Street, reaffirming its long-term commitment to Canary Wharf.

This deal demonstrates the continued appeal of Canary Wharf as a location for global financial institutions. HSBC’s decision is testament to the Estate’s unmatched infrastructure, sustainability credentials, and vibrant mixed-use neighbourhood.

Year to date, CWG has leased over 450,000 sq ft. with an active and deep pipeline across end sectors.

“We are delighted to be retaining a presence in Canary Wharf.” said Suzy White, Group Chief Operating Officer of HSBC. “Continuing to operate from multiple sites in London, as we always have, ensures we are easily accessible for our clients across the capital and remains a key element of our business continuity strategy.  The new space in Canary Wharf will be a great addition to our real estate portfolio.”

Shobi Khan, CEO of CWG, commented, “We are thrilled HSBC will continue to be a part of the extraordinary environment at Canary Wharf. This letting reflects the enduring appeal of our mixed-use neighbourhood where commerce, community and culture thrive. Canary Wharf is a city within a city supported by world-class amenities, excellent transport links, green and blue spaces and sustainable buildings.”

HSBC’s move to 40 Bank Street places the bank at the heart of Canary Wharf. The building offers a dynamic, flexible workspace just steps away from landscaped parks, water-side boardwalks, award winning restaurants, numerous leisure amenities, premium retail, and world-class transport connections including the Elizabeth Line, DLR, and Jubilee Line.

Over the past six years, approximately £7 billion has been invested in new developments, infrastructure, and amenities by CWG and other stakeholders, making Canary Wharf one of the most well-capitalised and dynamic mixed-use neighbourhoods globally.

Canary Wharf has continued to build strong leasing momentum in 2025, previously securing more than 250,000 sq ft of space.  Recent highlights include BBVA’s decision to expand its footprint to 60,000sq ft and extend its lease at One Canada Square until 2035 and SmartestEnergy’s expansion into 20,000 sq ft at 7 Westferry Circus. They join a growing roster of blue-chip customers who have recommitted to the Estate, including Barclays, Citibank, Fitch, JP Morgan, Morgan Stanley, Revolut and UCL as well as new arrivals such as Zopa, Hershey’s, Hexaware, hVIVO, and AviadoBio – underscoring the momentum and diversity of its customer base.