The Citigroup Centre is a building complex in

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

. It houses

Citigroup Citigroup Inc. or Citi ( stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomera ...

EMEA EMEA is a shorthand designation meaning Europe, the Middle East and Africa. The acronym is used by institutions and governments, as well as in marketing and business when referring to this region: it is a shorthand way of referencing the two ...

headquarters and is located in

Canary Wharf Canary Wharf is an area of London, England, located near the Isle of Dogs in the London Borough of Tower Hamlets. Canary Wharf is defined by the Greater London Authority as being part of London's central business district, alongside Central Lon ...

in the city's Docklands. The centre provides of floor space across two merged buildings - 33 Canada Square (known as "CGC1") and 25 Canada Square (known as "CGC2"), and houses the bulk of Citi's UK employee base. Together, both buildings form the Citigroup Centre complex. 25 Canada Square, or Citigroup Centre 2, stands at and, upon its completion in 2001, became the second-tallest building in the United Kingdom (only behind

One Canada Square One Canada Square is a skyscraper in Canary Wharf, London. It was completed in 1991 and is the third tallest building in the United Kingdom at above ground levelAviation charts issued by the Civil Aviation Authority containing 50 storeys. O ...

). Designed by

César Pelli César Pelli (October 12, 1926 – July 19, 2019) was an Argentine-American architect who designed some of the world's tallest buildings and other major urban landmarks. Two of his most notable buildings are the Petronas Towers in Kuala Lumpu ...

& Associates, construction of the 45-storey tower - undertaken by Canary Wharf Contractors - began in 1998 and was completed in 2001, with Citigroup leasing the building from the outset. The building was bought by RBS in 2004 along with 5 Canada Square (leased to

Bank of America The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...

) for $1.12 billion. Subsequently, on 2 July 2007, CGC2 was individually sold to a joint venture between

Quinlan Private Derek M Quinlan (born 4 November 1947) is an Irish businessman prominent in the field of real estate investment and development. A former tax inspector at the Irish Revenue Commission, he formed investment syndicates with high-net-worth individ ...

and PropInvest for £1 billion (US$2 billion). Citigroup pay £46.5 million a year in rent for the tower, generating a yield of 4.6% to the owners. The east facing side of 25 Canada Square up to level 40 is configured for use by tenants. 33 Canada Square, or Citigroup Centre 1, is the smaller of the two buildings in the complex, designed by

Norman Foster Norman or Normans may refer to: Ethnic and cultural identity * The Normans, a people partly descended from Norse Vikings who settled in the territory of Normandy in France in the 10th and 11th centuries ** People or things connected with the Nor ...

and completed in 1999, two years before its neighbour. At tall, the building is made up of eighteen floors, all of which are adjoined to their equivalent floors in 25 Canada Square.Emporis Building Index - 33 Canada Square
/ref> The building is owned by Citigroup, and was built before the completion of the

Jubilee line The Jubilee line is a London Underground line that runs between in east London and in the suburban north-west, via the Docklands, South Bank and West End. Opened in 1979, it is the newest line on the Underground network, although some secti ...

extension in late 1999. In addition to main entrances from both

Canada Square Canada Square is a square at Canary Wharf, on the Isle of Dogs in London's Docklands. It is in the London Borough of Tower Hamlets in the East End of Central London along the River Thames. Canada Square is surrounded by three of the talles ...

and Upper Bank Street, Citigroup Centre is also accessible via underground walkways from Canada Place

shopping mall A shopping mall (or simply mall) is a North American term for a large indoor shopping center, usually Anchor tenant, anchored by department stores. The term "mall" originally meant pedestrian zone, a pedestrian promenade with shops along it (that ...

and

London Underground The London Underground (also known simply as the Underground or by its nickname the Tube) is a rapid transit system serving Greater London and some parts of the adjacent counties of Buckinghamshire, Essex and Hertfordshire in England. The ...

station - served by the Jubilee line. The Centre is also close to DLR stations

and Heron Quays, which provide connections with the

City A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be def ...

London City Airport London City Airport is a regional airport in London, England. It is located in the Royal Docks in the Borough of Newham, approximately east of the City of London and east of Canary Wharf. These are the twin centres of London's financial ...

and surrounding areas.

References

{{EUSkyscrapers Skyscrapers in the London Borough of Tower Hamlets Buildings and structures in the London Borough of Tower Hamlets Canary Wharf buildings Citigroup buildings César Pelli buildings Skyscraper office buildings in London

See also

References