The Bank area lies at the core of the City of London’s ancient center that is today known as the Square Mile of London. This centrally-located district’s cobblestone paths lead between the towering skyscrapers of the area’s over 250 foreign bank buildings. As an international finance center, Bank’s modernist structures are home to offices space in town and global banking firms.
This bustling district takes its name from the Underground’s busy Bank Station and the UK’s central Bank of London, along with its eponymous Museum. Bank is well-known for exclusive clubs, historical pubs, and the covered, Victorian ironwork and fresh produce of Leadenhall Market. While hit hard by both the Great Fire and the Blitz of World War II, the area is home to several striking modernist buildings with investment property for sale. Iconic examples include the tower of offices to let at Tower 42, the aerodynamic Gherkin building at 30 St Mary Axe, and the stainless steel and glass edifice of The Lloyds Building, which houses the world’s most famous insurance market.
As London’s third busiest Underground station, Bank has been in dire need of renovation for years, and its current, 563-million-pound redevelopment will increase its capacity by 40 percent. The commercial property for sale nearby is fast transforming to meet the increasing activity on the Square Mile, too, with projects like Bloomberg’s new headquarters atop the regenerated station. With new pedestrian areas, cycle routes, and commercial property to rent, now is the time to invest in commercial office space for rent in this increasingly valuable City district.