Tuesday 19 September 2017

€67m sale of Central Bank HQ completed

The Central Bank in Dublin
The Central Bank in Dublin
Ronald Quinlan

Ronald Quinlan

International property giant Hines and real estate investment firm Peterson Group have completed their acquisition of the Central Bank's headquarters and the former Irish Nationwide HQ on Grand Parade for a total of approximately €104m.

In a statement yesterday, the partnership said it was now considering its plans for the Central Bank's Sam Stephenson-designed 'Tower' on Dame Street and associated commercial properties at 6-9 College Green. It is understood Hines and the Hong Kong-based Peterson Group paid €67m to secure the Central Bank portfolio.

Separately, the partnership is understood to have paid approximately €37m for Irish Nationwide Building Society's former HQ on the Grand Canal in Dublin.

Now fully-let to Amazon, the 1.7-acre site includes an eight-storey office building.

Irish Independent

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