Market reports suggest that 30 North Colonnade is the favoured option. As the building, which is already home to Fitch Ratings, is conveniently located, just yards from KMPG’s current premises in Canada Square.
Although they would not reveal the specific details, a spokesperson for KPMG revealed that the company is currently weighting up "a number of options across the City and Canary Wharf as part of an accommodation review."
They went on to state the KPMG's "current preference is to find space in Canary Wharf", however "no final decisions have been taken."
Over recent years, KPMG has successfully relocated staff from across five London office locations into these two offices in the City of London and Canary Wharf. The firm’s central London employees are currently based offices at either 8 Salisbury Square, EC4 or within 15 Canada Square, E14.
As the consultancy explains on its website: “By consolidating our property portfolio in London into two buildings, we are providing a stronger community feel for our people whilst maintaining a presence in both the City and Canary Wharf to deliver the highest standards of service to our clients.”
However, the 115,000 square feet office lease at Salisbury Square is coming up for expiry in less than two year’s time. So the next challenge that KPMG has set itself is to find the right property, which can offer sufficient executive office space to accommodate all of their London staff.
Meanwhile, KMPG’s worldwide HQ will remain in The Netherlands at Amstelveen. This is in contrast to the other three members of the group of ‘Big Four auditors’ who are headquartered in the UK. The list of rival accounting consultancies comprises PwC (PricewaterhouseCoopers), Ernst & Young and Deloitte.