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EY wants less of More London

EY is in talks to potentially exit its London headquarters.

The accountancy firm is understood to be examining its options after launching a property review of its 1 More London Place office, SE1.

The 10-storey building has been the headquarters of EY’s UK and Ireland businesses since 2003 and hosts about 9,000 employees, including its global executive team.

A review has been launched in preparation for EY’s 25-year lease on the building expiring in 2028.

The partnership is considering ditching the space as staff increasingly work remotely. EY moved to a hybrid work policy in 2021 “with the expectation that most of its people will normally spend at least two days a week working remotely”.

The Telegraph (£)

Photo by Sonny Meddle/Shutterstock

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