Brewin Dolphin has signed a lease to take over Fidelity International’s Cannon Street hub as its London head office.
The wealth manager announced in a statement today that it had signed a lease on 25 Cannon Street (pictured) for 15 years from August 2021. It is expected to move there in July 2022.
Fidelity International is expected to move its 800 London staff to new premises at 4 Cannon Street this summer, although an exact date has not been decided.
Brewin Dolphin anticipated signing a lease in its interim results published last week, saying the net ongoing future running costs of the new office would be similar to staying in its current one at 12 Smithfield Street in Farringdon. It said it has set aside between £6m and £10m for the move.
It added the new office will provide an improved environment for its clients and colleagues.
Brewin Dolphin chief operating officer Grant Parkinson said: “The continued growth of our business means that we are expanding beyond the capacity of our current headquarters. 25 Cannon Street is a very high-quality development which will provide a terrific environment for both clients and colleagues.”
The current head office in Farringdon is leased until February 2026.
