Central Bank formally agrees to buy North Wall building

The Central Bank has formally agreed to buy the partially constructed building in Dublin, which should have been the new headquarters of the failed Anglo Irish Bank.

The shell of the building on North Wall Quay in Dublin will now be finished and house all offices of the Central Bank of Ireland, which are currently spread across a number of sites.

NAMA, which had been negotiating to sell the building for the past 18 months, has welcomed the deal, but has not disclosed the sale price.

However, some reports suggest the Central Bank has agreed to pay €7m.