Citigroup is in converses with purchase the pinnacle lodging its European central command in London's Canary Wharf locale, which is available with a sticker price of around 1.2 billion pounds ($1.55 billion), a source acquainted with the issue said.

The pinnacle at 25 Canada Square, which as of now houses a large number of the bank's 6,000 London-based staff, was set available to be purchased in October by AGC Equity Partners. The source said an arrangement presently couldn't seem to be concurred, with Citi improbable to offer the full asking cost.

Ought to Citi concur the buy, with a choice likely in the following couple of months, the bank would hope to move staff right now situated in a second working in the region, 33 Canada Square, to the bigger pinnacle, the source said.

News of the discussions was before revealed by the Financial Times.

Such a move would be in accordance with Citi's methodology of purchasing structures in areas where it has and means to hold a nearness, and pursues an arrangement in 2016 to purchase the gathering's New York office, the source said.

The arrangement would be a lift for London's business property showcase in front of Brexit. Around 60 percent of Citi's Europe-based staff as of now work outside of Britain, which has implied not many - around 60 - were relied upon to be moved as a major aspect of arrangements for Britain's exit from the European Union, the source said.