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Convention Centre license put up for sale

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The Convention Centre, Dublin. Photo: Gareth Chaney Collins

The Convention Centre, Dublin. Photo: Gareth Chaney Collins

The Convention Centre, Dublin. Photo: Gareth Chaney Collins

The license to operate the national Convention Centre in Dublin (CCD) has been put up for sale.

The landmark building in Dublin's IFSC was built under a so called "public private partnership" that means the building is owned by the State through the Office of Public Works (OPW).

It was built by a firm controlled by the Spencer Dock Development Company, a private company owned by developers Johnny Ronan and Richard Barrett of Treasury Holdings and the property

Spencer Dock Development is now under the control of liquidators Paul McCann and Michael McAteer of Grant Thornton which has now put the remaining 21-year operating license up for sale.

Rubicon Infrastructure Advisors, a global advisory firm headquartered in Dublin, has been appointed as financial advisor for the sale process.

The operation is currently profitable. They are selling a concession contract to operate and maintain the CCD, ownership of a 320-space car park underneath the building and the license to build and operate an approximately 330-bed hotel adjacent to the CCD.

Since opening in September 2010, the CCD has hosted more than 900,000 delegate days and has won 26 Industry Awards, including recognition by the International Association of Convention Centres (AIPC) as one of the top four convention centres in the world.

It has also won Gold for 'Best Overseas Conference Centre' at the UK M&IT Awards for three years running.

It is expected that the sale will be completed by the end of the year.


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