The firm will take up occupation of its offices in 2003, after agreeing a 25-year lease of the building.
E&Y chairman Nick Land said the decision to choose the More London site was based on the need for ‘a superb working environment’ for staff, as well as allowing for the ‘potential for growth’ of the firm.
‘Several other sites were considered and investigated, but did not offer the flexibility and opportunity presented by the More London development,’ Land added.
The site is the final part of a chain of urban regeneration and development along the South Bank, and when completed will provide 1.7 million square feet of offices, a hotel, shops, restaurants and public open spaces.
The site is centrally located, close to the City and to cultural hotspots such as the Tate Modern, London Dungeon, the Design Museum and the Globe Theatre.
Already under construction on the same site, is the headquarters for the Mayor and Greater London Assembly, which is expected to be ready for occupation by 2002
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