Reuters departs Fleet Street after 66 years and heralds arrival at Canary Wharf with renaming of street to Reuters Plaza and switch-on of giant external screen running Reuters news and pictures
London - Global information company Reuters (LSE:RTR, NASDAQ:RTRSY) today marks the start of its relocation to a new global headquarters at Canary Wharf in London from its historic offices at 85 Fleet Street and other surrounding offices in the capital. Moving to Canary Wharf forms part of Reuters ‘Fast Forward’ business transformation programme, which comes to a close at the end of 2005. Fast Forward focuses on making the company more competitive, focussed, and service driven.
The move will consolidate 2,500 of Reuters London staff into a 280,000 square feet, 10-storey office at The Reuters Building, 30 South Colonnade, Canary Wharf. At present Reuters staff due to move to Canary Wharf are housed in six buildings in London. Staff, including editorial, will move between now and the end of August.
Reuters was founded in 1851 in London and moved into its headquarters at 85 Fleet Street in 1939. Reuters now has 14,500 staff in 91 countries.
Co-location and prominent branding are at the heart of the move; the pedestrianised square next to the new headquarters has been renamed Reuters Plaza and hosts a giant outdoor LED screen displaying Reuters real time news and pictures. The building itself carries a 100 metre electronic ticker displaying real time price information from the major exchanges around the world.
The open plan design of the building fosters a team working environment, with no individual offices for staff, including the CEO. To facilitate customer interaction there is 20,000sq.ft. of client facing demonstration, training and presentation facilities. The building also houses a 340-seat newsroom, 150 meeting rooms, a 200-seat auditorium, an internal ‘village square’, on-site Starbucks and quayside staff restaurant. The latest technology, including voice over IP and wireless has been deployed throughout.
Tom Glocer, Reuters CEO, comments: "Reuters move to Canary Wharf is more than simply a change of address. We leave behind a beautiful Lutyens-designed building that has been synonymous with Reuters since 1939. We move to a modern, highly-functional headquarters, close to our major financial services customers, in which we can house more than just the senior executive staff. I am personally very excited about the move and what it will do for Reuters business."
To celebrate the move, Reuters will run an outdoor exhibition of its award winning photography throughout Canary Wharf. Entitled Move!, the exhibition will run from June until September and features 75 Reuters pictures all based around the theme of movement.
To commemorate the move a service will be held in June in St Bride, the journalists’ church close to 85 Fleet Street.
The architects on The Reuters Building project are Pringle-Brandon, project managers and cost consultants are EC Harris, engineers are Faber Maunsell with Overbury as the main contractor.
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