Nomura ready to ditch Canary Wharf in favour of the City

Nomura, the Japanese banking giant who acquired Lehman Brothers in the UK, is understood to be ready to move from Canary Wharf back to the City. The company is thought to be thinking of moving to Oxford Properties Watermark Place, close to Cannon Street. The building which is set over 11 storys is a JV with an overseas pension fund and UBS.

If it goes through, it would be the largest City office deal for nearly five years.  Nomura have been increasing staff levels which now total over 4,000. The company, who used to be based at St Martin’s-le-grand, currently has most of it’s staff at the Canary Wharf building but is said to be keen to move back to the City. CEO Kenichi Watanabe is believe to want to keep the traditional city image for the company.  Whichever agent (s) secure this requirement will surely be in for a huge payday.

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