Citi tower refurb expenses reach ₤ 1bn
Citi purchased the tower for ₤ 1.2 bn in 2019 and is investing almost as much on revamping itAccording to the Financial TimesUnited States bank Citigroup is on course to invest more than ₤ 1bn on the repair of its 42-storey tower at 25 Canada Square in London's Canary Wharf.
When Morgan Sindall subsidiary Overbury was granted the agreement for the operate in 2021, Barbour ABI put the agreement worth at ₤ 300m. When work lastly began on website in July 2023 it was anticipated to be finished in 2025. Conclusion is now anticipated at some point next year.
The 200-metre high tower block, developed by César Pelli & & Associates, was just constructed 23 years earlier and is currently considered a metachronism for the 9,000 staff members anticipated to work within it. Citi even thought about k...