Visa V will move its European headquarters to London’s Canary Wharf financial district, Canary Wharf Group said on Friday.
The company has leased 300,000 square feet for a 15-year term at One Canada Square and will relocate from Paddington in summer 2028, the group added.
The Canary Wharf Group, which operates the wider financial district and is co-owner of QIA and Canada’s Brookfield 
BNhas been hit hard by the pandemic-induced decline in office demand. The area is now seeing a recovery as more companies push staff back into the office.
“Canary Wharf continues to attract a diverse range of global businesses. We are delighted to welcome Visa, who have chosen the Wharf for their European headquarters as the best location to support their business growth,” said Shobi Khan, CEO of Canary Wharf Group.
Last week JPMorgan Chase unveiled plans to build a tower in the Canary Wharf financial district that will contribute £9.9 billion ($13.2 billion) to the local economy over six years – including construction costs – and create 7,800 jobs.
Qatar’s sovereign wealth fund is reviewing plans to renovate its HSBC skyscraper in east London to retain more office space, Reuters reported in November.
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