Central Bank to buy HQ earmarked by Anglo for €7m

The Central Bank is set to buy a vacant building that was originally supposed to be the headquarters of the former Anglo Irish Bank from Nama for €7m.

Central Bank to buy  HQ earmarked by Anglo for €7m

While the move has been heavily mooted, yesterday marked the first time the Central Bank formally said it was looking at the site on North Wall Quay, in Dublin’s Docklands area, as the location for its new headquarters.

The bank has signed a heads of agreement with Nama and reached a purchase price of €7m, pending due diligence and legal clearances. It is thought, however, the deal will not be fully finalised until the early part of next year. It is also likely the Central Bank will end up investing significantly more on the Liam Carroll-designed building, in terms of modifications and fit-out.

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