Bank of Ireland after weeks of speculation has agreed to take space at Bow Bells House.

The bank has agreed terms to take 70,000 sq ft at the scheme at a rent of around £65/sq ft on a 15 year lease. It has taken the top half of the 140,000 sq ft scheme on Bread Street which is owned by Mitsubishi Estate and Mitsubishi Corporation. Stanhope is the development manager.

Previous reports suggested that Bank of Tokyo was in talks to let the entire scheme. However, the Bank is still in the early stages of determining its options in the city and is not thought to be in talks with Mitsubishi regarding the remainder of the space.

King Sturge advised Bank of Ireland. Cushman & Wakefield and DTZ are letting agents for Bow Bells. CB Richard Ellis advised Bank of Tokyo. All parties refused to comment.