PwC’s headquarters at Embankment is set for a £50 million transformation aimed at making it a sustainable workspace. The Big Four accounting firm will stay in its current location at 1 Embankment Place until 2030, when it is expected to move to Canary Wharf. Before leaving, the building will undergo major upgrades to meet new sustainability standards and include commercial enhancements.
A London-based property firm, Bridgemont, has filed a planning application with Westminster City Council to redevelop the current air-rights building above Charing Cross Station. The plan includes a 35,000 sq ft commercial space designed for businesses, along with premium retail and leisure facilities such as cafes and restaurants. The proposal aims to reduce energy use by 70% and create a fully all-electric, fossil fuel-free building.
Preserving the original design
The redevelopment will keep 90% of the original structure built in 1991, which was designed by Sir Terry Farrell. To honor the original vision, his son, Max Farrell, is involved in the redesign process. The project is being led by the City-based architects at Hopkins, a firm renowned for their expertise in creating environmentally-friendly structures.
New London headquarters confirmed at Canary Wharf
PwC has confirmed that it will relocate its London headquarters to One Eden in Canary Wharf in 2030. The accounting firm has secured 350,000 sq ft at the new location, which is currently home to Citigroup’s European, Middle East, and Africa headquarters. Citigroup previously expanded into the building during its £1 billion renovation of 25 Canada Square.
The Embankment development has been informed by two rounds of public consultation. Mike Taylor, principal at Hopkins, said submitting the application is a critical move in preparing the building to meet the needs of future occupants. He emphasized that the changes are necessary to ensure the long-term success of the property and its surroundings.