AIB to raise €100m in deal

AIB has confirmed that it could raise €100 million from the sale and leaseback of a new development at its headquarters in the centre of Dublin.

The bank said in a short statement last night it is in discussions with a number of parties “with a view to entering into a sale and leaseback transaction in relation to its new Bankcentre Development project.”

The bank has received planning permission to double the size of Bank-centre, which currently comprises a number of two and three-storey buildings. The expansion will be solely for AIB activities.