Plans are continuing for the Central Bank of Ireland’s move to North Wall Quay, and relocation of over 1,500 city centre staff to new offices at North Wall Quay and Spencer Dock.
The Central Bank’s three Dame Street premises – the Main Tower Building and Commercial Buildings, 9 College Green and 6-8 College Green are offered for sale this Autumn. Lisney estate agents, which is managing the sales process, is offering the buildings for sale in one or more lots. The lease the Central Bank holds on premises in Iveagh Court expires in May 2017 and it will not be extended. Currency Centre Central Bank staff in Sandyford will be unaffected by the move. The current accommodation arrangement sees staff spread across four different city centre locations, which has presented challenges in operating efficiently and effectively in the context of an increased staff head count over recent years and a growing organisational mandate. The new offices will provide a modern, sustainable and fit-for-purpose workplace, and facilitate an improved Central Bank, both operationally and organisationally. The move of staff is expected to commence in December this year on a phased basis.
The Central Bank is independent of Government and its buildings are not owned by the state. The Central Bank will consider the public interest when selling the buildings, taking into account that these valuable assets that should be disposed of to realise market value, as part of the Central Bank’s profits are returned to the Exchequer.
Construction is continuing on the new North Wall Quay building, bought as a partially constructed building for €7m, the building is expected to be ready for occupation by the end of 2016. As part of the move some staff will move to the Central Bank’s nearby Spencer Dock building.
16 January 2017: Central Bank completes sales process of Dame Street premises.
Read more in our frequently asked questions and key facts and figures about the sales process.