Central Bank Opens Sales Process for Dame Street Premises

07 September 2016 Press Release
  • Tower Building and Commercial Buildings, 9 College Green and 6-8 College Green for sale
  • Lisney appointed agent to achieve full market value for premises
  • Central Bank moving to North Wall Quay

The Central Bank, working with its appointed agent, Lisney, has opened the sales process for its Dame Street premises, consisting of the Tower Building and Commercial Buildings; 9 College Green; and 6-8 College Green. Lisney will offer the buildings for sale in one or more lots.

City centre staff will relocate to the Central Bank’s new, fit-for-purpose building in North Wall Quay and the nearby Spencer Dock building.

The Central Bank has engaged Lisney to market the properties to ensure full market value is achieved for the Dame Street premises.

Lisney’s catalogue on the properties can be viewed at www.lisney.com. An announcement on the preferred bidder for the properties is expected to be made by year end.

The Central Bank is aware of the architectural, cultural and economic importance of the Dame Street premises to the city centre, and commissioned experts (Henry J Lyons Architects) to undertake an indicative master plan study to inform potential renewal or redevelopment of the site and identify possible future uses. The study can be viewed at www.lisney.com.

Paul Molumby, Director of Currency and Facilities Management at the Central Bank said: “The opening of the sales process is an important step forward for the Central Bank as we seek to move our staff to one campus and continue to improve our capability to deliver on our mission of safeguarding stability and protecting consumers. It is with both great affection and excitement that we embark on the sales process – affection for the Dame Street properties, including the historic tower, which have served us so well; and excitement about the move to North Wall Quay area and the enhanced ways of working that at our new premises will bring. The move to new premises is essential as our mandate increases and our staff complement grows and it is being done in a cost-effective, environmentally efficient and sustainable way. In that regard, the Central Bank is committed to achieving full market value for the Dame Street premises, while recognising the public interest in the process.”

The Central Bank has been in Dame Street since December 1979 and expects to complete the move to North Wall Quay early next year. All city centre staff are impacted by the move, including staff based in Iveagh Court, and the Central Bank’s lease on that building will not be renewed. In all, more than 1,500 staff will relocate. The Currency Centre at Sandyford is unaffected by the move.