Allied Irish Bank has sold part of its bank centre in Ballsbridge, south Dublin for €367 million.
The deal, part of a sale and leaseback agreement, comes a day after Jurys Doyle hotel group revealed it had sold two of its hotels in the exclusive Dublin 4 area for €260m.
In a statement, AIB said the site had been sold to the Serpentine Consortium, a syndicate of private individuals and companies, for a total of €367.75m.
The 324,766 square feet site will be let to a company in the AIB Group.
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The initial annual rent payable by the tenant will be €16.1m a year, subject to five-year reviews.
AIB said the deal would make the bank a profit of about €160m over three years, and will reinvest the money into its core banking business.