Construction BUSINESS

The National Treasury Management Agency has chosen a site on Dublin’s North Wall Quay, next to the new headquarters of the Central Bank, as the preferred option for its new headquarters.

The NTMA signalled recently that it was examining moving from its existing offices in the Treasury Building in Grand Canal Street and now looks set to move over the Liffey. The NTMA shortlisted four possible venues, following a recent premises review. It has chosen the North Wall Quay Project Wave site, The Irish Times understands.

Preliminary negotiations with the developer are due to begin shortly to see if an agreement can be reached. If a deal is struck, the NTMA – which also includes Nama, the NDFA and the National Claims Agency – would move to the new premises in late 2018. The Project Wave site, on 2.25 hectares, was sold by Nama last December to a consortium led by Singapore property company Oxley and also including Sean Mulryan’s Ballymore Properties.