The Bank of Ireland has confirmed that it will move its London headquarters to Bow Bells House in the City of London (as tipped by Property Week, 20.06.07).
The bank has signed a long lease on 67,000 sq ft at Bow Bells House on 1 Bread Street, London EC4, for a rent of around £65/sq ft. Taking the top half of the building showed the bank’s ‘clear commitment to develop the UK as its second home market’, according to representatives.
Bow Bells House is under construction and will be complete by 2008. It is owned by Mitsubishi Estate and Mitsubishi Corporation, and Stanhope is the development manager.
Des Crowley, Bank of Ireland UK Financial Services chief executive said: “Our UK businesses are currently dispersed between several central London and surrounding locations and our move, which is expected in the second half of 2008, will provide us with a single headquarters for our UK businesses and facilitate our ambitious growth plans here.”
King Sturge advised Bank of Ireland. Cushman & Wakefield and DTZ are letting agents for Bow Bells.
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