Permanent Bank International Ltd has moved into the ground-floor banking hall of Hillary House in Prospect Hill, Douglas.
The floorspace was rented by the government until recently.
Bank managing director Carlton Freegard said: ‘We selected new premises right in the heart of Douglas to make it easy and convenient for our customers to call in.
‘Hillary House is the perfect environment for our business and it represents a statement of our long-term intentions.
‘We are extremely grateful to Chrystals Commercial for their assistance in moving to such an ideal location.’
Chrystals acted as letting agent for Rose Estates Ltd and the bank moved into its new premises last week after relocating from Britannia House, Athol Street.
The banking hall at Hillary House, which is on the corner of Prospect Hill and Finch Road, covers 2,500 square feet.
David Watson, director of Chrystals Commercial, said he was pleased to see the relocation of the bank to the high profile building which has a prominent high street frontage.
He said: ‘The relocation highlights the tenant’s vision regarding the island’s significance in enhancing its international profile and we were delighted to assist with the move to Hillary House.’
Chrystals Commercial also acted recently as letting agents for Quay Properties Plc in the new purpose-built Quay House office building situated on South Quay, Douglas.
The four-storey office block overlooks the marina and was only completed last August and fully let before Christmas.
Lettings included NFU Mutual Insurance and two expanding e-commerce businesses – Intelligence Ltd and Digital Blue – which occupy the upper floors. Each floor covers around 2,500 square feet.
Mr Watson said: ‘The fact that we have secured such early lettings for what was a speculative office scheme amplifies the confidence that businesses have in the Isle of Man.
‘The island desperately needs office space and we hope that this example leads to more being created.’
