International rating agency Fitch is to consolidate its London staff in a new headquarters at Canary Wharf. Fimalac, the French company that owns 80% of Fitch, signed an agreement with the Canary Wharf Group for the EUR 431 mln development on Friday.
International rating agency Fitch is to consolidate its London staff in a new headquarters at Canary Wharf. Fimalac, the French company that owns 80% of Fitch, signed an agreement with the Canary Wharf Group for the EUR 431 mln development on Friday.
Fimalac said in a statement that Fitch has 700 staff scattered among various locations in the City of London and its business is growing strongly. The new headquarters being designed by US architect Kohn Pedersen Fox, will provide 30,000 m2 at North Colonnade in Canary Wharf by 2010. Fitch will not occupy all of the building. Canary Wharf Group said global accountancy firm KPMG has an option on some of the office space.
Property advisor King Sturge acted for Fimalac, while CB Richard Ellis and Knight Frank advised Canary Wharf Group.
