PracticeConsultingE&Y could quit City for Canary Wharf

E&Y could quit City for Canary Wharf

Ernst & Young could become the first Big Five firm to leave the City and relocate to London's Canary Wharf after expressing an interest 'in a number of properties'.

Although it is not thought the firm is close to signing any agreements, E&Y admits it has been looking at the possibility of relocating its head office for some time, with buildings in both Canary Wharf and the South Bank provoking interest.

A spokesman said: ‘We have shown an interest in a number of properties and it is a case of getting it right for the right price. Our name has been put forward on a number of occasions.’

Ernst &Young (pictured right) added it was not desperate to move although it is certain to continue keeping an eye on the new office properties that become available on the market.

The firm has two main offices in central London, at Fetter Lane and Lambeth Palace Road. It also has eight smaller offices in the capital. A move could create cost savings by reducing the number of offices it occupies in London.

The E&Y development adds to the number of firms looking to relocate. PwC could move from Southwark Towers if plans to build Europe’s tallest office building at London Bridge go ahead, and Accenture has moved to Queen Victoria Street.

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