BoI enters agreement for Old London Stock Exchange redevelopment

Bank of Ireland Private Banking today announced that it has entered into a partnership with Hammerson and GE Capital Real Estate for the redevelopment of the Old London Stock Exchange building on behalf of private clients. The Bank paid €55.8m (£37.5m) for its 25% stake in the development.

The redevelopment of the 26-storey tower building will provide c.325,000 square feet of office accommodation and c.7,000 square feet retail space. Construction began in February 2006 with completion scheduled for December 2007. The building was the former home of the London Stock Exchange and is located at Old Broad Street, adjacent to the Bank of England in the City of London.