AN OFFICE block belonging to UBS has been taken over by protesters in London.

The empty four-storey office block in Sun Street, close to the City, is now in the hands of the Occupy London movement who already have a camp site outside St Paul’s Cathedral.

The group announced earlier this afternoon that the building would be reopening tomorrow (Saturday) as a “Bank of Ideas”

Sarah Layler of Occupy London added: “The Bank of Ideas will host a full events programme where people will be able to trade in creativity rather than cash. We will also make space available for those that have lost their nurseries, community centres and youth clubs to savage Government spending cuts.”

Banners have been attached to the building, saying “The Bank of Ideas” and “UBS You Owe Us.”

22-29 Sun Street is owned by Sun Street Properties, which in turn is owned by UBS.