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Investment bank Peel Hunt supports City by opening a new head office in London

Investment bank Peel Hunt is supporting City by opening a new headquarters in London despite the pandemic

City investment bank Peel Hunt has opened a new office despite the pandemic.

While the coronavirus has accelerated a shift to working from home, which some companies predict is here to stay, Peel Hunt’s boss Steven Fine thinks a return to the office will be necessary “to heal the scars.”

Due to its confidence in the City of London, its offices will move from Moorgate to 100 Liverpool Street. The development is British Land’s first ultra-low carbon building, with all of its electricity from renewable sources.

While coronavirus has accelerated a shift to working from home, Peel Hunt's boss Steven Fine thinks return to the office will be necessary 'to heal the scars'

While coronavirus has accelerated a shift to working from home, Peel Hunt’s boss Steven Fine thinks return to the office will be necessary ‘to heal the scars’

It features its own app that provides employees with offers and deals from local businesses, and a ‘wellness area’.

During the lockdowns, all more than 250 Peel Hunt employees were able to work from home.

But many wanted to go back to the office when the restrictions were relaxed last year, Fine said, who said he was “not making important decisions based on short-term data.”

Fine added: ‘To heal the scars left by the pandemic, we need the city’s lifeblood – its staff – to return to the office.

To revitalize the restaurants, cafes, bars and shops that depend on them.

To reconnect with each other, face to face, to share ideas and make new connections. And ultimately to drive the recovery we all want to see. ‘

A number of City companies have decided to reduce their office space. Standard Chartered employees can work from home, or from a shared office close to where they live, rather than in central London.

And a survey last year found that 74 percent of financial services firms were investigating the need for office space.

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