May 19, 2022
While negotiations between the parties are said to be at an early stage, The Irish Times understands the NCI has agreed to pay a figure close to the €50 million the Central Bank had been seeking when it offered the property to the market in March as part of the wider €105 million sale of Block R at Spencer Dock.
The building’s east and west wings, which are self-contained, were offered alternatively by selling agents Lisney in individual lots at guide prices of €55 million and €50 million respectively. The NCI, for its part, is pursuing the purchase of Block R’s west wing.
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