Rabobank HQ in D2 up for sale for €45 million
Rabobank’s headquarters at Charlemont Exchange on the banks of the Grand Canal in Dublin 2 is up for sale for €45 million.
Upon the instructions of ACCLM/Rabobank, Knight Frank has been appointed to offer the building for sale by Private Treaty. Current staff at the site will relocate to existing Rabobank offices in the IFSC, following ACCLM’s recent completion of the outsourcing of its loan book to Capita.
The five-storey exchange forms part of a larger mixed-use complex. It boasts a net internal floor area of 72,935 sq ft and 94 parking spaces.
Declan O’Reilly of Knight Frank says: “Given the shortage of supply in Dublin 2 of ready-to-go opportunities it is likely that the property will appeal to both owner occupiers and developers looking to refurbish/extent the building without the planning risks associated with a standard brown field opportunity.
“The much publicised positive impact that Brexit was likely to have on the Dublin office market, the former HQ could be ideally placed to cater for new entrants that would require accommodation quickly.”
