The Bank of China has appointed Pringle Brandon as the architect to design its new premises, having successfully purchased One Lothbury in the City of London for £86 million.
The 114,000 sq ft building, which is in a prime location close to the Bank of England, will be designed to the highest quality and a fast track fit-out will then commence to ensure the bank can move in early next year.
Jack Pringle, Partner at Pringle Brandon, said: “The Bank of China is currently located near Cannon Street and the move to One Lothbury will improve its prominence in London. Our design will reflect the enhanced stature of the bank and deliver a workplace of the highest quality, befitting the 21st Century and the bank’s future ambitions.”
The Bank of China has bought the 150-year lease of the property from the Roche family. The freehold is owned by the Bank of England. The Bank of China was advised by law firm Faegre & Benson and CB Richard Ellis. Cushman & Wakefield acted for the Roche family and Drivers Jonas for the Bank of England.