Bank extended lease at One Churchill Place tower earlier this year to 2039

Structure Tone has won the next phase of work to revamp the Canary Wharf global headquarters of Barclays Bank.

ISG had been finishing off its work on the 32-storey One Churchill Place building before it collapsed last September.

That deal was worth around £100m and centred on revamping the trading floors at the tower which was designed by HOK and completed by Canary Wharf Contractors in 2004.

barclays

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Barclays has been at its One Churchill Place base since 2005

The latest phase of work at the tower is understood to be worth around £150m with Structure Tone beating Mace and Overbury to the job.

Earlier this year, Barclays extended the lease on its 1 million sq ft of space at the site by five years to 2039. The bank has been at Churchill Place since 2005.

The intentions of big banks have been under the spotlight since HSBC announced it was leaving its Canary Wharf headquarters for a smaller site in the City.

This scheme at 81 Newgate Street has been built by Mace and is being fitted out by Overbury.

Last year, developer Canary Wharf Group unveiled the first images of what the revamped HSBC tower will look like once the bank moves out.

KPF won the architectural competition to reimagine the 45-storey building at 8 Canada Square which the banking giant is planning to move out of by 2027.

Structure Tone is one of three firms bidding the £200m job to overhaul the eight-storey offices of the London Stock Exchange at Paternoster Square while over the summer it won a £100m deal to carry out work at the new London office of law firm Hogan Lovells at Holborn Viaduct.

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