French bank Societe Generale is understood to be close to signing a deal for a new office in Canary Wharf.
The financial heavyweight had been widely expected to plump for a new headquarters in Spitalfields at the City Corporation’s Fruit and Wool Exchange site, but the bank is now reported to have chosen a site at Heron Quays West, closer to Canary Wharf.
The new development would allow Societe Generale to close down its other outposts in London at Tower Hill and Exchange Square, in order to bring its operations under one roof, according to reports in the Sunday Times yesterday.
The Canary Wharf site is being developed by Canary Wharf Group, who put in an application for a 27-storey tower in September this year. Designers Rogers Stirk Harbour and Partners would be working on the site, which sits to the west of the financial centre.