LONDON--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today it has entered into an agreement with international developer HB Reavis to purchase the development at 33 Central, King William Street in London. With currently 850 team members in four locations throughout London, Wells Fargo is expected to begin moving to the new building in 2018. Terms of the transaction, including purchase price, were not disclosed.
“With this new building in London, we are able to bring our team members together in one location in order to more efficiently and effectively manage our operations,” said Frank Pizzo, Wells Fargo regional president for Europe Middle East & Africa (EMEA).
Wells Fargo serves corporate, commercial and financial institution customers doing business across EMEA, with the UK accounting for a large part of its regional operations. The building, which will be built to BREEAM Excellent standard, is expected to be completed in late 2017, and has approximately 227,000 square feet of office space.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries and territories to support customers who conduct business in the global economy. With approximately 268,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune’s 2016 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.