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    3. >BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports
    Finance

    BlackRock Weighs HSBC's Canary Wharf Tower for New London Headquarters, Ft Reports

    Published by Global Banking & Finance Review®

    Posted on March 31, 2026

    2 min read

    Last updated: March 31, 2026

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    Quick Summary

    BlackRock is reportedly considering moving its London headquarters into HSBC’s Canary Wharf tower, set to be vacated in 2027, as part of a search for at least 600,000 sq ft of office space. Other locations under review include Bishops Square and 75 London Wall.

    BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports

    BlackRock's Search for a New London Headquarters

    Consideration of HSBC's Canary Wharf Skyscraper

    March 31 (Reuters) - BlackRock is considering a Canary Wharf skyscraper that HSBC will vacate next year for its London headquarters, the Financial Times reported on Tuesday, citing people familiar with the matter.

    Other Potential Sites Examined

    Bishops Square Development

    The asset manager has also examined several other potential sites in recent months including the Bishops Square development next to Spitalfields Market in east London and Deutsche Bank's former offices at 75 London Wall, the report said.

    Deutsche Bank's Former Offices

    BlackRock declined to comment. Reuters could not immediately verify the report. 

    Office Space Requirements

    Blackrock is looking at offices across the city that can offer at least 600,000 square feet of space, FT said.

    HSBC's Departure from Canary Wharf

    HSBC is set to vacate the 45-storey tower in 2027.

    Canary Wharf's Tenant Challenges and Rebound

    Impact of the COVID-19 Pandemic

    Canary Wharf has struggled to retain tenants after the COVID-19 pandemic, but the financial district is now enjoying a rebound as more firms, including JPMorgan, push staff to return to the office. 

    Return-to-Office Trends

    (Reporting by Anusha Shah in Bengaluru; Editing by Nivedita Bhattacharjee)

    Table of Contents

    • BlackRock's Search for a New London Headquarters

    Key Takeaways

    • •BlackRock is eyeing HSBC’s 45‑storey Canary Wharf tower, available in 2027, for its new HQ (Financial Times via Reuters)
    • •The move comes amid a rebound in Canary Wharf’s office market—take‑up and leasing activity surged in 2025, vacancy has declined sharply (JPMorgan, CBRE, BNP Paribas)
    • •HSBC is relocating to a smaller, sustainable HQ near St Paul’s from late 2026 as its Canary Wharf lease expires in early 2027 (HSBC annual report)

    Frequently Asked Questions about BlackRock weighs HSBC's Canary Wharf tower for new London headquarters, FT reports

    1Is BlackRock considering HSBC's Canary Wharf tower for its new London headquarters?

    Yes, BlackRock is reportedly considering the HSBC Canary Wharf skyscraper as its new London headquarters according to the Financial Times.

    2What other locations is BlackRock examining for its London office?

    BlackRock has also looked at Bishops Square near Spitalfields Market and Deutsche Bank's former offices at 75 London Wall.

  • Consideration of HSBC's Canary Wharf Skyscraper
  • Other Potential Sites Examined
  • Bishops Square Development
  • Deutsche Bank's Former Offices
  • Office Space Requirements
  • HSBC's Departure from Canary Wharf
  • Canary Wharf's Tenant Challenges and Rebound
  • Impact of the COVID-19 Pandemic
  • Return-to-Office Trends
  • 3How much office space is BlackRock seeking in London?

    BlackRock is seeking office space with at least 600,000 square feet in its next London headquarters.

    4When is HSBC vacating its Canary Wharf Tower?

    HSBC is expected to vacate the 45-storey Canary Wharf tower in 2027.

    5How is the Canary Wharf area performing after the COVID-19 pandemic?

    Canary Wharf initially struggled to retain tenants post-pandemic, but is now experiencing a rebound as firms encourage staff to return to the office.

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