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The Bank for International Settlements is looking to revamp its Basel headquarters centered around the institution’s distinctive Martin Burckhardt-designed tower.

The BIS, which hosts regular meetings for central bankers and regulators, announced on Monday that it wants to modernize its facilities and bring all its 600 staff into one location.

In light of the new way of working brought about by the Covid-19 pandemic, the institution’s aging buildings near the Swiss city’s main train station are no longer fit for purpose. The copper-colored tower, opened in 1977, will remain, the BIS said in a statement.

“We envision a modern, flexible workspace and meeting place that brings everyone together on a single campus site,” General Manager Agustin Carstens was quoted as saying. “We would like to see a design that is both environmentally sustainable and fits well into the cityscape and local surroundings.”

Architects from around the world have until Aug. 6 to send in submissions demonstrating their experience with similar projects. Shortlisted applicants can then participate in a study, which would last 12 months.

Currently, some BIS staff are based in a building designed by Mario Botta several blocks away. The BIS did not say what will happen to that facility.

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