Wells Fargo Bets Big on U.K., Buys $515M London HQ
Wells Fargo has settled on a spot in central London for its headquarters, striking a deal with HB Reavis to buy 33 Central. The U.S. bank paid £300 million (approximately $515 million in U.S. dollars) for the 227,000-square-foot, 11-story office building, which is still under construction.
The transaction is one of London’s largest since the UK’s vote on June 23 to leave the European Union. The global bank will move 850 London workers into its new headquarters in 2018.
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