Reuters To Move To Canary Wharf in Cost Saving Drive

Following a property review initiated under the Fast Forward transformation programme, the majority of the Reuters London staff is to move to one building in 2005, located at Canary Wharf in east London. The deal will see £32.3 million capital released from the sale of its Fleet Street headquarters and adjoining building and also reduce property costs by approximately £5 million per year. Subject to formal contract, Reuters has agreed terms with Canary Wharf Group Plc for the entire building at 30, The South Colonnade, Canary Wharf.


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