- Citi Tower project demonstrates confidence in London as a
global financial centre
- One of the largest workplace refurbishments in Europe
- Citi purchased office tower in Canary Wharf in 2019
Citi today announced its intent to transform its London
headquarters, home to its UK and EMEA (Europe, Middle East and
Africa) operations. The refurbishment of the iconic Citi Tower in
Canary Wharf will create a stunning workplace for the future,
incorporating the latest technology and the highest standards of
environmental design. With flexible work and collaboration spaces,
alongside well-being zones for employees, the transformation of
Citi Tower represents Citi’s enduring commitment to its people, to
London, and to delivering excellence for its clients around the
world.
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the full release here:
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Conceptual image Citi Tower Interior
(Graphic: Business Wire)
“Our aim is to create an environmentally sustainable, innovative
and exciting place to work, incorporating modern design,
state-of-the-art technology, and best practices in employee and
client spaces,” said David Livingstone, Citi’s EMEA CEO. “Citi
Tower is a significant investment in our people and our growing
business in the UK and the broader EMEA region.”
Citi purchased the 42-story office tower at 25 Canada Square in
2019 in a demonstration of its commitment to London as its EMEA
headquarters and a vital global hub for the bank.
Citi Tower will be refurbished to reflect the changing nature of
work, with even greater emphasis on shared spaces where colleagues
can come together. “We’re a business of energy and ideas, and we
thrive on bringing people together,” said Livingstone. “Our
rejuvenated EMEA headquarters will be designed to maximise
collaborative work-spaces, supported by technology, to enable us to
work flexibly and with maximum agility.”
The renovation is expected to be completed in 2025.
John Glen MP, the Economic Secretary to the Treasury and City
Minister, said: “We are delivering on our roadmap for ensuring the
UK remains a world leader in financial services by making it more
open, more competitive, more technologically advanced, and more
sustainable. This welcome investment from Citi in its London HQ is
another vote of confidence in the City and its role as one of the
preeminent international finance hubs.”
The environmental impact of the new Citi Tower has been central
to the planning and design. The decision to refurbish the building
and bring it up to modern efficiency and environmental standards
instead of demolishing the existing structure is expected to save
the release of an estimated 100,000 tonnes of embodied carbon, the
equivalent of running almost 22,000 family cars for a year.*
Updating infrastructure and implementing efficiency measures will
also minimise electricity consumption and reduce water consumption
by 20%.
Citi Tower is among the largest workplace refurbishment projects
in Europe and the bank will be applying for the project to become
the UK’s tallest office refurbishment project to gain high-level
LEED, WELL and BREEAM certifications.**
Yasmin Al Ani Spence, Director at architectural firm
WilkinsonEyre, lead designer of the project, said: “Citi challenged
us to make a 20-year-old tower compatible with its vision for the
future of work. Our architectural interventions will hopefully
inspire both staff and visitors to Citi. Well-being has been put at
the heart of the project by introducing innovative collaboration
spaces, enhanced connection, state-of-the-art amenities and
impactful access to greenery, promoting biophilia. The internal
layouts are anchored around a number of vertical villages, which
break down the traditional floorplates and encourage
inter-connection between levels, creating a stimulating and
exciting place to work.”
The refurbishment will also create more public space in Canary
Wharf. The new ground floor will enable visitors to traverse
between Canada Square and Jubilee Park, two of the significant
green spaces within the estate.
Shobi Khan, CEO of Canary Wharf Group (CWG) said: “I am
delighted Citi is making a long-term commitment to Canary Wharf as
a dynamic and sustainable urban environment in which to work, live
and play. With our commitment to sustainability and our track
record as the UK’s largest developer of sustainable space, it is
exciting to see Citi’s initiative to transformation its site.”
* According to EPA annual carbon emissions for average family
car are 4.6 tonnes per year.
** LEED, WELL and BREEAM are leading, global third-party
infrastructure and building ratings and assessment methods that
certify assets according to the highest standards in multiple
criteria. These include, but are not limited to, energy and water
efficiency, impact on ecosystems, use of resources and health.
About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management.
Additional information may be found at www.citigroup.com |
Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
https://blog.citigroup.com/ | Facebook: www.facebook.com/citi |
LinkedIn: www.linkedin.com/company/citi
About Citi Tower:
Citi Tower will be a cutting-edge, flexible, carbon
dioxide-efficient workplace that is fit for the future. The Citi
Tower project is expected to be the UK tallest office refurbishment
project to gain LEED platinum, WELL platinum and BREEAM excellent
certifications.
When completed, Citi Tower is expected to be the most
carbon-efficient building in Citi’s real estate portfolio and home
to 9,000 colleagues in London, as well as the bank’s EMEA
headquarters.
Energy efficiency and generation:
- Citi Tower will be updating infrastructure and implementing
efficiency measures to minimise electricity consumption.
- Installation of solar panels on the roof is forecasted to
generate 52,577 kWh per annum, enough carbon dioxide-free
electricity to power 18 average UK homes1 for one year.
- Citi Tower has a future-proofed design to meet proposed 2030
efficiency standards.
Modernisation and refurbishment:
- The decision to refurbish the building and bring it to modern
efficiency and environmental standards instead of demolishing the
existing structure is expected to save the release of an estimated
100,000 tonnes of embodied carbon.2
- 100,000 tonnes of embodied carbon would be equivalent to:
- 1,653,521 tree seedlings grown for 10 years.
- Running 21,748 family cars for a year (According to EPA3 annual
carbon emissions for average family car are 4.6 tonnes per
year).
Water efficiency:
- Fixtures selected are expected to reduce water consumption by
20%4.
- A greywater system will be implemented, where water will be
collected from hand-wash basins and showers and reused in flushing
toilets and urinals, reducing Citi’s impact on potable water. This
recycling system will save an estimated 29.5 m³ per day of
greywater, or 10,767.5 m³ per year, which is:
- enough water for 66 UK households per year5.
- enough water to fill 4.3 Olympic pools6.
Waste and material use:
- At a minimum, 95% of project waste to be diverted away from
landfill.
- Refurbish and reuse materials on site to reduce waste as well
as embodied carbon.
- Responsible Sourcing - Materials and furniture with
Environmental Product Declarations (EPDs) are being prioritised,
where possible.
Well-being:
- Targeting Platinum certification in the WELL Building Standard.
The standard focuses on 10 key areas (air, water, nourishment,
light, movement, thermal comfort, sound, materials, mind,
community) and supports employee productivity and health.
- Creation of winter garden & health gardens.
Local Community Support
- The auditorium will be designed and positioned to be accessible
to community organisations.
- The refurbishment will create employment and apprenticeships in
Docklands.
1Average electricity UK home 2021 resource, data from OFGEM:
https://usave.co.uk/energy/how-much-energy-does-the-average-uk-household-consume/#:~:text=in%20your%20area.-,How%20many%20kWh%20does%20the%20average%20home%20use%20in%20the,kWh%20of%20gas%2C%20per%20month.
2 Source AECOM. 3 Resource: Greenhouse Gas Equivalencies Calculator
| US EPA. 4 Against LEED baseline. 5 10,767.5/164 = approx. 66
(https://www.onaverage.co.uk/consumption-averages/average-water-usage)
6 10,767.5/2,500 = approx. 4,300; Olympic pool size: 2,500 cubic
meters
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version on businesswire.com: https://www.businesswire.com/news/home/20220125006049/en/
Media: Allister Fowler Allister.fowler@citi.com
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