Hines, the firm previously identified as the preferred bidder for the Central Bank Dame Street portfolio, has been confirmed as the buyer of the portfolio. The Central Bank today signed contracts for the sale of the portfolio. The sale of the portfolio is expected to be completed in the new year.
The Central Bank will complete the move to its new Dockland Campus in the first quarter of 2017.
Further information about the North Wall Quay development can be found here.
Any proceeds arising from this sale will, as with all of the Central Bank of Ireland’s profits, form part of the calculation of the Central Bank’s annual distribution to the Exchequer.