One of Britain’s biggest wealth managers has scrapped a plan to move into a new head office in the heart of the City because of the rise in flexible working among its staff after the Covid-19 pandemic.
Brewin Dolphin announced two years ago that it intended to leave its current premises next to Smithfield Market in London for a five-storey site on Cannon Street opposite St Paul’s Cathedral in 2022.
Since then, however, the onset of the pandemic has led to a revolution in home-working for many white-collar jobs and the company revealed yesterday that it had abandoned the plan. The relocation was set to cost Brewin up to £10 million. It has yet to disclose the final bill for the aborted move.