The National College of Ireland (NCI) is closing in on the purchase of an office block from the Central Bank to facilitate the expansion of its main campus in Dublin’s IFSC.
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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