The Bank of Ireland is planning to move its London headquarters to Bow Bells House in the City and has signed a long lease for the 67,000 sq ft (6,220 m2) of offices in the heart of London. The Bank will pay a rent of around £65/sq ft (about EUR 1,030 per m2), several newspapers reported.

The Bank of Ireland is planning to move its London headquarters to Bow Bells House in the City and has signed a long lease for the 67,000 sq ft (6,220 m2) of offices in the heart of London. The Bank will pay a rent of around £65/sq ft (about EUR 1,030 per m2), several newspapers reported.

The bank's UK operations are currently spread across several locations around the city. The move reflects the bank's commitment to making the UK its 'second home market,' ceo Brian Goggin said. Bow Bells House, which is owned by Mitsubishi Estate and Mitsubishi Corporation, is being developed by Stanhope and will be completed by 2008. The bank is expected to transfer to the new head office in the second half of next year.