Linklaters advises as European Banking Authority to move HQ to Paris
Linklaters has advised at the European Banking Authority (EBA) is moving its headquarters to Cegereal’s Europlaza tower in the La Defense district in Paris. The EBA is expected to take possession of the premises in April 2019 for a period of nine years.
The EBA will move its 160 staff from its current base in London’s Canary Wharf.
Marc Perrone, Head of Financial Regulation at Linklaters in Paris, says:
“Paris is already a key financial centre, home to a large number of various financial institutions. Relocating to Paris will allow the EBA to settle in an active and sophisticated financial market, with the European Securities and Markets Authority (ESMA) on its doorstep, while building on Paris’ current momentum as a growing financial market.”
The Linklaters team advising Cegereal on the transaction was led by Real Estate counsel Sylvain Canard-Volland.