Ireland’s Central Bank Seeks to Sell Properties for $90 Millionby
Ireland’s central bank, which is moving its headquarters to Dublin’s docklands, plans to sell three properties in the Temple Bar entertainment district for about 80 million euros ($90 million).
The Central Bank of Ireland hired Lisney to broker a sale of the properties near Trinity College Dublin. The proceeds will be used to help pay for the bank’s new office building, which is due to be finished in November. The bank employs about 1,400 people.
Dublin is one of the European cities fighting to attract banks that may move units from London after Brexit, in order to retain the passporting rights which allow them to do business throughout the European Union. Landlords have been buying older office buildings and modernizing them because of a lack of new space in the Irish capital.
Irish authorities are seeking to hire experienced U.K. regulators before an anticipated influx of financial-services companies following Britain’s decision to exit the EU, a person familiar with the matter said earlier this month.