RegulationAccounting StandardsPwC on brink of deal for second HQ

PwC on brink of deal for second HQ

PricewaterhouseCoopers is homing in on a second major office in London to complement Embankment Place, in an attempt to resolve its property crunch

The firm is set to name the location for an office that will be its second
main building alongside Embankment Place.

The firm is strung out across five sites in London, but is having to make
decisions on its future in anticipation of its Southwark Towers office making
way for the Shard of Glass, and the lease expiring on Plumtree Court.

A decision will be announced in the near future, according to a
PwC spokeswoman, and the move will take place
within three years.

A move into the proposed multi-storey glass and steel edifices at 201
Bishopsgate, or even as a neighbour to Ernst & Young in More London, are
seen as possibilities.

PwC is relocating staff in the summer from Southwark Towers into Hays
Galleria and an office near Strand, as well as moving some into its Plumtree
Court office.

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