BNP Paribas shakes up London sites

BNP Paribas has revealed plans to bring its London staff, currently scattered across the capital, into two sites in the centre of town.

The French bank said yesterday its corporate and investment banking business will be based in Harewood Avenue in Marylebone. It moved to the street in 1997 and bought more space there two years ago.

It will also bring its investment solutions arm into a new 350,000 square foot site in King’s Cross. BNP’s real estate team will develop the centre and then move into it alongside the wealth management, investment partners and securities services businesses.

Cardif Pinnacle, which is also part of Investment Solutions, will remain in Borehamwood in Hertfordshire.

Ludovic de Montille, UK chairman of BNP Paribas, said: “This long-term real estate strategy has been formulated to serve our needs in London and focusing our operations on these two campuses will allow for future growth, further improve our ability to service clients, promote cross-selling and reduce costs.”