PwC’s Embankment HQ to get major makeover ahead of Canary Wharf move
The current headquarters of Big Four giant PwC at 1 Embankment Place is set to be transformed into a “sustainable workspace” in a bid to attract and retain major firms as renters, as it awaits planning permission. City-based property and asset management firm Bridgemont said on Friday it has submitted a planning application to Westminster [...]
PwC's existing headquarters at 1 Embankment Place is scheduled to undergo a significant transformation into a "sustainable workspace" in preparation for its relocation to Canary Wharf in 2030. Bridgemont, a city-based property and asset management firm, has submitted a planning application to Westminster City Council to revitalize the air-rights development above Charing Cross Station.
The redevelopment will create a 35,000 sq ft space designed for businesses, along with a new purpose-built gateway connecting the West End to the South Bank, featuring premium retail and leisure options. The proposals aim to preserve approximately 90% of the existing 1991 structure, designed by Sir Terry Farrell, with input from his son Max Farrell.
The redesign will focus on sustainability targets, such as reducing operational energy use by 70% and being a fully decarbonised, all-electric building. Hopkins, an architects firm specializing in environmentally-friendly buildings, is leading the project, with principal Mike Taylor stating that the planning application is a significant step in securing the building's future.
PwC recently chose One Eden in Canary Wharf as its new London headquarters, joining the growing financial hub after picking up 350,000 sq ft of space.
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