AIB expands London HQ with new office space at 70 St Mary Axe

Allied Irish Bank (GB) has announced that it is moving into an enlarged Head Office space at 70 St Mary Axe. The bank will occupy the 13th floor of the building as it commits to a future in the heart of the City of London, moving from Undershaft.

The move comes as the Bank reaffirms its commitment to the GB market supporting corporate clients in a range of sectors including infrastructure and renewable energy, commercial real estate, healthcare, social housing and manufacturing.

A key ambition for the Bank is to operate as carbon neutral using a ‘net zero’ approach, and for green / transition lending to account for 70% of new customer lending by 2030. In 2022, it continued to expand green lending, which accounted for 40% of all new lending.

In keeping with its sector-leading sustainability and net zero credentials, the Bank wanted to ensure its working space factored in environmental and wellbeing credentials for colleagues and clients. Sustainability was a key consideration with the building boasting the highest energy and performance credentials, aligning with AIB’s sustainability agenda.

The Bank aims to transition into the new office by the end of Q1 2024.

Hilary Gormley, UK Managing Director at AIB said: “This is an exciting and important move for us which signals our long-term commitment to the GB market.

“As an established bank in both Great Britain and Northern Ireland , AIB’s key focus is to support corporate clients in key industries. We have deep sector expertise backed by a strong financial profile to fulfil the wide-ranging needs of our clients. Furthermore, a key priority for the bank is to support clients transition to a low carbon future. The new premises creates an excellent base for colleagues and clients in the heart of the city; we look forward to the move and to a prosperous future.”