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The area around Bank in the City of London is a central location with great transport links and some really great business addresses. Close-by are Lombard Street, once home to British banking before much of it relocated to Canary Wharf and Poultry, which leads to Cheapside, once home to the oldest produce market in Britain. If you look about, many of the streets in this area are named after the various things sold at the market like Bread Street, Wood Street and Ironmonger Lane.
Bank is renowned as the home of the Bank of England. This great building is flanked by The Royal Exchange which is now home to many designer stores like Louis Vuitton, Hermes, Penhaligan’s and Tiffany and Co as well as several excellent restaurants like The Grand Cafe and Sauterelle.
Bank has had an extensive period of redevelopment in recent years with many new and refurbished buildings offering a choice of possible locations for your business. In particular, areas close-by like Old Broad Street and Throgmorton Street now have an array of stunning new buildings that sit alongside the period buildings the Bank area is known for.
This area is popular with international banks, insurance companies, business services companies and a growing number of start-ups looking for a prestigious business address in this highly sort after location.
With the arrival of the new Crossrail station at Liverpool Street in 2018, it will be easier than ever to get to the heart of the West End at Tottenham Court Road and Bond Street and also Canary Wharf in the east.
There is a wide selection of serviced office locations, managed and conventional office space on offer in the Bank area. To get a real idea of what’s available to you start your search here.
Typical office pricing in the area: £400 - £1400 per workstation
OTHER LOCATIONS IN THE AREA
Bank is close to the following areas of London that are also worth consideration as a home for your business. All offer a wide choice of serviced offices and flexible workspace solutions.
Here are the indicative price ranges for workstations in each area (correct during 2016).
Holborn – Just outside the boundaries of the Square Mile, Holborn is usually referred to as Midtown, an area between the West End and the City.
Typical office pricing in the area: £450 - £1100 per workstation
Clerkenwell/Farringdon – Having benefited from extensive regeneration over the last 20 years, Clerkenwell is a popular location for creative and media businesses.
Typical office pricing in the area: £400 - £700 per workstation
Old Street – Recent improvements to the area have seen Old Street become well known for technology businesses and is often referred to as “Silicon Roundabout”.
Typical office pricing in the area: £350 - £650 per workstation
Whitechapel – Extensive redevelopment around the Aldgate and Aldgate East area of Whitechapel has already seen an influx of businesses. Pedestrian only areas and green spaces will create a new area of the City.
Typical office pricing in the area: £300 - £700 per workstation
Covent Garden – A colourful and bustling location in the heart of the West End, it’s also popular with tourists and was once home to London’s principle fruit and vegetable market until the 1980’s.
Typical office pricing in the area: £350 - £1100 per workstation
Bank benefits from a number of transport links connecting office space and serviced offices in the area via a number of Tube lines as well as close access to major roads and bus routes. Its location means you are never more than 10 minutes from the West End and around 15 minutes from Canary Wharf.
Tube stations: Bank, Moorgate, Liverpool Street, Barbican, Blackfriars, St Paul’s, Mansion House, Cannon Street and Monument
Tube lines: Waterloo and City, Northern, Central, District, Circle, Metropolitan, Docklands Light Railway (DLR) and Hammersmith and City lines. Download a handy Tube map here
Mainline stations: City Thames Link, Cannon Street, Blackfriars, Moorgate, Liverpool Street and Fenchurch Street
Major road links: The A11 and A12 both lead to major motorway connections
Nearest airports: London City with Heathrow, Stansted and Gatwick accessible via rail links
Buses: There are 4 bus routes to other parts of London including London Bridge, Trafalgar Square, Oxford Circus and Aldgate East. Find out which buses serve this area here
Cycle: The area is served by five London Cycle Network bays. Find a cycle hire location here
With a number of Tube lines including the Docklands Light Railway connecting Bank to Canary Wharf and the West End, this area is easily accessible from across London. There are also a number of excellent shopping locations in the area including the Royal Exchange and the more recent addition of One New Change which is just a few minutes away. There is even a large House of Fraser department store on King William Street.
As you would expect, there are many good restaurants including Coq D'Argent on Poultry, Brasserie Blanc and Panino Giusto as well as too many cafes to count let alone mention here. Along with a number of popular bars for after work drinks with friends, there are several very good gyms to burn off all those extra calories.
FAMOUS LOCATIONS AND LANDMARKS IN BANK
Bank has many famous landmarks and places of interest that are worth mentioning, here are just a few.
The Bank of England dominates the junction at Bank station. It also boasts a very good museum which is well worth a visit.
As we mentioned earlier, The Royal Exchange offers a number of designer stores and some great places to eat or meet for a coffee.
Mansion House is the grade one listed home of the Lord Mayor of London and is opposite the Bank of England on Mansion House Street.
No1 Poultry is a distinctive building overlooking the Bank junction and was designed by James Sterling, but was only completed after his death in 1997.
FURTHER HELP AND SUPPORT
If you would like more information about Bank as an area for your business please speak to a member of our team who can discuss workspace options and other areas close-by.
Call – 020 3031 8563
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