Talks with Nama to free up office space

IDA Ireland has held discussions with Nama regarding the possibility of freeing up more large-scale office space in the Central Dublin area to house the growing number of foreign companies looking to establish a presence in the capital.

Speaking yesterday at the launch of the agency’s annual report for 2011, IDA chief executive Barry O’Leary said he is confident of the agency winning new investment from international services companies over the course of the coming year; but noted that a major challenge could be a lack of available office space in the capital.

Mr O’Leary said a large proportion of inward investment would come from the services sector, but that currently there are only “four or five” available modern offices in Dublin city centre.