Banking giant Citigroup has chosen not to demolish its 42-story skyscraper at Canary Wharf, opting instead for a WilkinsonEyre-designed revamp, which it says will save 100,000 tonnes (110,231 tons) of embodied carbon.
In a major boost for the AJ’s campaign for the re-use of existing buildings, RetroFirst, the US-headquartered bank has said it had opted to pursue one of the largest workplace refurbishment projects in Europe, thought to be worth over £300 million (US$403 million), on the grounds of climate action.
As part of a strategy to own, not rent, its major office buildings, Citigroup bought the 20-year-old, 1.2-million-square-foot tower, designed by César Pelli & Associates, at 25 Canada Square for £1.2 billion (US$1.6 million) in 2019.
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