NTMA focusing on shortlist of four locations for its new HQ

The National Treasury Management Agency (NTMA) has agreed a shortlist of four office venues from which it plans to select its new headquarters building.

The options will include the agency’s current office accommodation in the Treasury Building on Grand Canal Street where it rents about 9,290sq m (100,000sq ft) at Grand Canal Street under a number of leases, some of which are due to run out, while others have break clauses.

Also being considered is a site at North Wall Quay next to the planned new headquarters of the Central Bank where Seán Mulryan's Ballymore Properties and Oxley Holdings are to develop 60,385sq m (650,000sq ft) of offices and 300 apartments.

Redevelopment

Bolands Mills

at Grand Canal Dock is also to be looked at after

Dublin City Council

granted planning permission for it to be developed for offices at a cost of €150 million.

The fourth option is a site in the south docks where Oaktree, Bennett and Nama are planning to deliver 42,000sq m (457,500sq ft) of workspace and 158 apartments on a plot close to the Facebook European headquarters.

The NTMA plans to rent between 6,500 and 7,400sq m (69,964 and 79,652sq ft) in anticipation it will have a workforce of about 500.

The agency plans to move into its new accommodation in the third quarter of 2018. Its requirements will include a conference room capable of holding 150 people.

The agency has engaged Roland O’Connell of Savills to advise it on its choice of venue.