Ibai, the acclaimed steak restaurant nestled between St Paul's and the Barbican, has secured a coveted spot as a finalist in the Best Restaurant category at the second annual Toast the City Awards. The establishment is one of 12 contenders vying for the top honour, with judges highlighting its distinctive atmosphere and exceptional culinary offerings. The nomination underscores Ibai's growing reputation within London's vibrant dining scene, particularly among the City's professional community.
The restaurant, which occupies a former factory space, has garnered significant attention for its unique industrial-chic aesthetic, described by Toast the City head judge and food critic Steve Dinneen in a 2024 review as possessing a 'brutalist concrete space' that 'positively exudes vibes'. This distinctive setting, combined with its focus on high-quality ingredients, has made it a notable addition to the area, tempting office workers to linger after hours in one of London's most historic districts. Its operational model, which sees it closed on weekends, clearly targets a loyal, City-adjacent following.
A cornerstone of Ibai's menu, and a key talking point among diners, is its Galician Blond steak. Sourced from cattle reared for at least 14 years in Pontevedra, Spain, this particular cut is celebrated for its mature marbling and rich flavour profile, offering a more robust and chewy experience than typical wagyu. Dinneen's review specifically lauded a 1kg T-bone, priced at £120, as a standout dish, though he emphasised that Ibai's appeal extends far beyond just steak.
Beyond the signature steak, Ibai's menu is designed to encourage exploration, featuring an array of meticulously crafted dishes. Among the critic's top recommendations were the perfectly balanced fries, elevated by an ossau-iraty and pepper dip, and the substantial, simply grilled cep mushrooms. Other praised items included high-quality anchovies served with olive oil, and an 'incredible' carabinero and boudin noir croque, showcasing the restaurant's commitment to both ingredient quality and innovative Basque-inspired cuisine.
The Toast the City Awards, now in their second year, aim to recognise excellence across various sectors within London's Square Mile and surrounding areas. Ibai's inclusion as a finalist highlights the evolving culinary landscape of the City, which continues to attract and nurture high-calibre dining establishments. The eventual winner of the Best Restaurant category will be announced at a forthcoming ceremony, with considerable anticipation building around which establishment will take home the prestigious accolade.