(Sharecast News) - Barclays has announced the acquisition of a long-term leasehold interest in its global headquarters at One Churchill Place in Canary Wharf in a deal worth £750m.
The bank group said taking control of the 1m-square-foot building supports the ongoing investment in its workplace as working patterns and business needs continue to evolve.

One Churchill Place, which has served as Barclays' global HQ since 2005, was on a previous lease term that runs to just 2039.

The bank has now secured a 999-year leasehold interest, which it says provides "greater certainty over long-term occupancy costs".

"One Churchill Place has been our home and global headquarters for more than two decades," said group chief executive CS Venkatakrishnan.

"This acquisition gives us long-term certainty, greater flexibility over our London footprint and reinforces our continued confidence in London as one of the world's leading global financial centres."

The deal was struck with Canary Wharf Group, whose chief executive Shobi Khan said was a "strong endorsement of both Canary Wharf and London".

"It underlines the long-term confidence that leading businesses continue to place in the district as a location where they can invest, grow and bring people together," Khan said.

Barclays' share price was up 1.2% at 511.3p by 1239 BST.

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