Royal Dutch Shell looks set to relocate to Canary Wharf while its current headquarters are redeveloped. The move, which is expected to take place next year, will see the petrol giant take up a ten-year lease at 40 Bank Street.
The redevelopment project of their Waterloo headquarters, which will leave the Shell Tower intact, is part of the radical regeneration planned for the South Bank area. The company has been keen to stress that their South Bank headquarters will still remain their long-term base in London.
Shell focussed their hunt for temporary office space in London on the docklands area but, according to the Times, kept the details under wraps under the codename ‘Project Thunderbird’. The aim of this project was to remain in the capital, thus avoiding a disruptive relocation that would force a major change of personnel.
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