Bank of Beirut (UK) Ltd has acquired the prestigious 66 Cannon Street property located in the City of London’s financial district which will now serve as the Bank’s UK headquarters.
On the market for the first time in 25 years, 66 Cannon Street is an attractive mid-terrace building originally dating from the mid-19th century. Providing a gross floor area of around 20,000 square feet the building is ideally suited to owner occupiers, investors and developers.
The building has its own entrance and has been fully refurbished to include high quality design features and new IT and communications infrastructure that will contribute to the bank’s growth strategy in a client-focused and efficient manner. 66 Cannon Street is also at the heart of an area of The City of London that has been transformed in recent years. It is within striking distance of the Bank of England and close to Bank and Cannon Street stations plus a diverse range of other historical, commercial and retail facilities.
A wholly-owned subsidiary of Bank of Beirut SAL – one of Lebanon’s leading quoted banking groups - Bank of Beirut (UK) Ltd has origins dating back to the early 1980s in London. It is an authorized institution under the Financial Services and Markets Act 2000, authorizedz by the UK Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
The principal activity of the Bank is the provision of trade finance, commercial and correspondent banking services. The Bank serves a variety of wholesale, retail and commercial clients with the new office focusing on wholesale business whilst retail and corporate clients will continue to be served from the Curzon Street, Mayfair office.
The wider BOBSAL group has presences in the EU, Middle East, West Africa and Australia in addition to a domestic branch network in Lebanon.
© Press Release 2019