THE Central Bank is to buy the half-completed Anglo Irish Bank building on Dublin’s quays for about €8m.
The tower, which was intended to be the now collapsed bank’s headquarters before the crash, has become a poster boy for the property bust.
According to news service Bloomberg, the deal to buy the building from the National Asset Management Agency is imminent.
''We don't comment on speculation about individual transactions, but we've previously indicated that we are optimistic that we will secure a satisfactory deal in respect of this property in the medium term and that remains our position," a spokesman for NAMA told Bloomberg.
The building, on Dublin’s North Wall Quay, was constructed by Liam Carroll, one of the country's biggest developers during the boom but many of his assets have now been seized by the banks.
"No deal has been finalised," according to a spokesman for the Central Bank.
"We don't comment on the specifics of individual negotiations,'' he added.
Irish commercial property prices have fallen about 65pc since September 2007, Investment Property Databank said in January.
Anglo Irish Bank has been renamed IBRC.