The prime minister will attend Monday’s groundbreaking for the Leno Group’s new $25m corporate head office at the top of Collins Avenue’s hill.

Designed by Bahamian architect, Wellington Woods, the five-storey glass and steel building will enable the ten year-old financial services provider to relocate from its current home on Bernard Road.

“The construction of this attractive building is about more than creation of an edifice,” said Sean K Longley, the Leno Group of Companies’ founder and chief executive. “It is a reflection of Leno’s confidence in the future of The Bahamas and our commitment to helping to strengthen the new chapter of financial services, particularly as it serves and benefits Bahamians and Bahamian enterprises.”

Leno has evolved into a full-time staff of 20, in addition to outsourcing to vendors. It has expanded from providing pension administration, investment management and brokerage services to providing back office corporate services, fund management, financial consulting, trust services and real estate.

Leno is expected to occupy the top floors of its Leno Corporate Centre. Other tenants will be announced at a later date, said Mr Longley, with expected completion occurring in mid-2021.