Thursday, 18 April 2013

Questions (77)

Michael McGrath

Question:

77. Deputy Michael McGrath asked the Minister for Finance the plans being considered for the future use of the headquarters of the Central Bank of Ireland; the timetable for completion; and if he will make a statement on the matter. [18165/13]

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Written answers (Question to Finance)

The Central Bank owns four premises in Dame St, including the landmark Tower Building. It also leases premises in Spencer Dock in the Docklands and Iveagh Court near Harcourt St. It is the intention of the Central Bank to develop disposal proposals for the Dame Street buildings. Due regard will be given to the public interest and maximising the return to the Central Bank in decision making around the future of these properties. The Central Bank will consider all proposals for the future use of the building, taking into account that this is a valuable asset that should give maximum return so that the Central Bank can continue to return a portion of their profit to the Exchequer. The decisions on future use will be informed by the need to balance both the asset value on the Central Banks profit and loss account and taking into account the public interest in the Dame St tower.

Construction on the Central Bank North Wall Quay site is expected to commence in 2014 and the Central Bank is aiming to move in late 2015.