Business Irish

Thursday 18 January 2018

NTMA set to take 25-year lease on new city offices

NTMA Chief Executive Conor O Kelly
NTMA Chief Executive Conor O Kelly
Colm Kelpie

Colm Kelpie

The National Treasury Management Agency (NTMA) plans to take a 25-year lease on its proposed new six-floor office in Dublin's docklands.

An architect and design team are being sought to work on the new 8,000 sq metre office space, which the debt management agency hopes to move into in late 2018.

The site, known as Block D1, is part of the so-called Project Wave development on Dublin's North Wall Quay, close to the new Central Bank headquarters.

It's located within the area designated as the North Lotts and Grand Canal Quay Strategic Development Zone.

The premises is expected to include an open-plan office space, cellular offices, meeting rooms, a training area, reception area, canteen, storage areas, services areas, toilets and ancillary office accommodation areas.

The NTMA, which manages the national debt, the State Claims Agency, NewERA, the Ireland Strategic Investment Fund (ISIF), and the National Development Finance Agency, is looking for an architect-led integrated design team, including a quantity surveyor, a civil/structural engineer, and a building services engineer.

"The selected team will be required to provide all design services and advice/ancillary services in relation to all aspects of the fit-out works and all engagements with the landlord in relation to both the landlord and tenant works throughout the construction period," said the tender document for the design team.

The overall Project Wave development, of which the NTMA office is a part, will reportedly take up 10pc of the available land in the Docklands Strategic Development Zone (SDZ) and provide more than 50,000 sq ft of commercial buildings as well as over 250 apartments.

The NTMA, headed up by chief executive Conor O'Kelly, inset, also assigns staff to the National Asset Management Agency (Nama) and Strategic Banking Corporation of Ireland (SBCI).

The new €140m Central Bank headquarters, which is under construction close by, will have a range of open floor office areas and meeting rooms. It will also reportedly have a seventh floor café and a wellness room.

The NTMA declined to comment on whether its new premises will have any additional amenities, such as a wellness room.

Irish Independent

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