Citigroup is putting its waterfront Dublin office on the market, as the lender looks for a new location in the city, Bloomberg reports.
The six-storey building at 1 North Wall Quay in Dublin's docklands is expected to sell for more than €120m, Knight Frank said.
The bank has occupied the 230,000 square foot office for more than 20 years and is already looking for a new Dublin address, the broker said.
Citi will remain in North Wall Quay for some time after it has sold the building while its new location is prepared.
Whoever buys Citi’s current home could redevelop the site, Knight Frank said.
Dublin is the headquarters for Citibank Europe, which has more than 2,500 employees in Ireland and branches in 22 countries across Europe.
Lenders worldwide have been reassessing their property footprints since the pandemic enforced a shift to flexible working.
The US lender said in January that it will completely refurbish its 42-story office tower in London’s anary Wharf district with a greater emphasis on shared work spaces.
