Published by Global Banking & Finance Review®
Posted on December 8, 2025
2 min readLast updated: January 20, 2026
Add as preferred source on GoogleDeutsche Bank is moving into Revolut's Canary Wharf HQ, occupying 250,000 sq ft. The move highlights a rebound in office demand in London's financial district.
Dec 6 (Reuters) - Germany's Deutsche Bank has opted to take about 250,000 square feet of London's Canary Wharf office space in a building that carries the logo of British fintech Revolut, the Financial Times reported on Saturday.
The German bank will take about twice as much space in the YY building on South Colonnade as Revolut, the report said, citing people familiar with the matter.
Deutsche Bank declined to comment on the report. Canary Wharf Group referred Reuters to asset manager Oaktree Capital Management, which owns the building, when asked for a comment. Oaktree declined to comment.
Oaktree bought the building in a joint venture with real estate firm Quadrant Estates in 2019, according to Quadrant's website. Quadrant could not be reached for comment.
Revolut became the first tenant of the building last year, taking on 40% more floor space for its new headquarters.
Canary Wharf Group, which runs the wider financial district and is co-owned by QIA and Canada's Brookfield, was hit by the pandemic-induced fall in office demand. The area has rebounded as more firms push staff to return to the office.
Visa is relocating its European headquarters to the district, Canary Wharf Group said on Friday.
JPMorgan Chase last week made public a plan to build a tower in Canary Wharf that it said would contribute 9.9 billion pounds ($13 billion) over six years to the local economy - including the cost of construction - and create 7,800 jobs.
($1 = 0.7502 pounds)
(Reporting by Angela Christy and Gnaneshwar Rajan in Bengaluru; Editing by Sam Holmes, William Mallard and Barbara Lewis)
Canary Wharf is a major financial district located in London, known for its skyscrapers and as a hub for international banks and financial services firms.
Commercial real estate refers to properties used for business purposes, such as office buildings, retail spaces, and warehouses. These properties are typically leased to tenants for income generation.
Office space is a type of commercial real estate designed for businesses to conduct their operations. It can vary in size and layout, accommodating different types of work environments.
A financial services company provides a range of services related to finance, including banking, investment, insurance, and asset management, to individuals and businesses.
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