The Central Bank has opened the sales process for its Dame Street premises, which consists of the tower building and commercial buildings in Dublin city centre.
Estate agent Lisney will offer the buildings for sale in one or more lots. Reports suggest the asking price will be around €65m.
Central Bank staff based in the buildings will relocate to its new building in North Wall Quay - formerly the intended Anglo Irish Bank headquarters - and the nearby Spencer Dock building.
The Central Bank has been in Dame Street since December 1979 and expects to complete the move to North Wall Quay early next year.
All city centre staff are impacted by the move, including staff based in Iveagh Court, and the bank’s lease on that building will not be renewed. In all, more than 1,500 staff will relocate to the new office.
However, staff at the Central Bank's currency centre at Sandyford are unaffected by the move.
In a statement, the Central Bank said it was aware of the architectural, cultural and economic importance of the Dame Street premises to the city centre.
To this end, it has commissioned Henry J Lyons Architects to undertake an indicative masterplan study to inform potential renewal or redevelopment of the site and identify possible future uses.
"The opening of the sales process is an important step forward for the bank as we seek to move our staff to one campus and continue to improve our capability to deliver on our mission of safeguarding stability and protecting consumers," commented Paul Molumby, Director of Currency and Facilities Management at the Central Bank.
"The move to new premises is essential as our mandate increases and our staff complement grows and it is being done in a cost-effective, environmentally efficient and sustainable way," he stated.
"In that regard, the bank is committed to achieving full market value for the Dame Street premises, while recognising the public interest in the process," he added.
