Loss of €100m on AIB HQ sale

Aviva Investors has sold AIB’s Ballsbridge headquarters in Dublin for a sum believed to be in the region of €70 million, which is a loss of over €100m on the amount paid for the property at the height of the boom in 2006.

The identity of the buyer is not known.

“We can confirm the sale of Blocks E, F, G & H Bankcentre, Ballsbridge, Dublin 4. The buildings have been sold as part of an overall portfolio re-balancing exercise,” said a London -based spokesperson with Aviva Investors.