Post Brexit vote of confidence in London from Wells Fargo
Wells Fargo has signed to buy an 11-storey office development project in London’s City financial district, one of the largest UK property transactions since Britain voted to leave the European Union.
The purchase of the building at 33 Central, King William Street will allow Wells Fargo to consolidate all of its 850 London-based staff in a single location.
Financial terms of the transaction, which shows confidence in London remaining a global financial centre were undisclosed but the purchase price is believed to be around £300m.
