Barclays has extended its lease at Canary Wharf for another five years, providing a boost to the financial district.
![Barclays bank has been in Canary Wharf in 2005. Photo: Getty Images](https://krugmaninsights.com/wp-content/uploads/2023/12/1x-1-18-1024x682.jpg)
The UK lender has secured its stay at One Churchill Place until 2039, while also agreeing to pay approximately £263 million to hand back its former office at 10 Cabot Square to Canary Wharf Group.
This move comes as other high-profile tenants have relocated elsewhere, causing the area to seek rejuvenation.