Visa (V) is nearing a deal to relocate its European headquarters to London's Canary Wharf, the Financial Times reported Tuesday, citing unnamed people familiar with the matter.

The payments group is in talks to take over about 170,000 square feet of space at One Canada Square being vacated by Moody's, the report said.

Visa has been searching for new space ahead of its lease expiration at 1 Sheldon Square in Paddington in 2028, the report said.

Visa declined to comment when contacted by MT Newswires.

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