deutsche bank has taken occupancy of a newly branded tower in Canary Wharf, marking a notable milestone in Revolut‘s expansion and a boost for the London business district. The move sees approximately 1,000 Deutsche Bank employees relocating to the building, now known as Revolut House.
The deal, announced earlier this year, reflects a broader trend of financial institutions re-evaluating their office space needs and embracing flexible leasing arrangements. Revolut subleased the space-originally intended for its own expansion-to Deutsche Bank as part of a strategic partnership. This allows Revolut to monetize its investment while Deutsche Bank secures prime real estate in a key financial hub. Canary Wharf, which faced headwinds from rising interest rates and tenant departures, is experiencing a resurgence with commitments from major firms like Visa and JPMorgan Chase.
Deutsche Bank’s move into Revolut House underscores the ongoing evolution of Canary Wharf. The sublease agreement provides Deutsche Bank with a modern, centrally located office space, while enabling Revolut to optimize its property portfolio. The 12-story tower, totaling approximately 300,000 square feet, will house teams from Deutsche Bank’s technology, operations, and innovation divisions.this development comes as Canary Wharf Group (CWG) reports increasing leasing volumes, with over 450,000 sq ft let in 2025, on track to surpass last year’s 700,000 sq ft. Property valuations in the area are also stabilizing, supported by commitments from long-term tenants including Barclays, Morgan stanley, and Citi. JPMorgan Chase is also investing heavily in the area with plans for a new 3 million sq ft tower.
