Council to buy former TSB bank building

Cork City Council is set to buy a former bank building today — for a bargain. City officials have made an offer on the landmark former Cork Savings Bank building on Lapps Quay which served as a Permanent TSB branch until its closure in 2012.

City manager Tim Lucey declined to disclose the amount the council has offered for the premises. But he said it “represents excellent value for money”.

He also confirmed the purchase, and the cost of upgrading the public realm nearby over the next two years, will cost up to €1.9m.