Credit Agricole has chosen a Canary Wharf office building currently occupied by Morgan Stanley as its preferred option for a new London headquarters, according to two people with knowledge of the matter.
Bloomberg News reports that the bank is negotiating a lease for about 150,000 square feet (14,000 square metres) at 25 Cabot Square with U.S. real estate firm Hines Global REIT, which owns the building, the people said, asking not to be named because the information is private.
The deal hasn’t been finalized and Credit Agricole could revert to its other short-listed option of subleasing space from Citigroup at 25 Canada Square in Canary Wharf, the people said. Spokesmen for Credit Agricole, Hines, Morgan Stanley and Citigroup declined to comment.
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