€47m paid for IFSC bank building

The Hibernia REIT has paid €47m for New Century House in Dublin’s International Financial Services Centre (IFSC) which houses Bank of Ireland.

The six-storey landmark office building has over 80,000sq ft of office space with room for 87 cars in the basement.

The long-term tenants Bank of Ireland have agreed to undertake upgrades and improvements which will further enhance the value of the building.