| BOI moves out of La Touche house |
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| ue to continued expansion in its international lending businesses, Bank of Ireland has brought all of its Dublin based corporate banking teams together at the bank's head office in Baggot Street. |
Due to continued expansion in its international lending businesses, Bank of Ireland has brought all of its Dublin based corporate banking teams together at the bank's head office in Baggot Street. As a result, the bank has left La Touche House, one of the major landmarks of the IFSC.
La Touche House, named after the Irish banking family, was one of the first buildings to be built in the Custom House Docks. Financed by BoI, the bank moved into the building in December 1990. In 2002, BoI sold the building for €82.5 million to a group of 62 Irish investors, and had been renting its space since.
Despite its departure from La Touche House, the bank still has a major IFSC presence, through its fund administration subsidiary, Bank of Ireland Securities Services (BOISS), and its BOI Mortgages operation, both of which are located in New Century House. Moreover its global markets business is based on nearby Talbot Street.
The move is indicative of a wider trend, as firms look to move to more modern office space. McCann Fitzgerald recently vacated its property across from La Touche House to move across the river to Sir John Rogerson's Quay. However, its neighbour KPMG has since taken over much of this space. |
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| Article appeared in the March 2007 issue.
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