Citigroup is on the verge of signing a contract for its new European headquarters in Dublin, according to a report today in the Financial Times.
n March, the global bank launched the sale of its current Dublin office when it announced its intention to find a new location in the city.
Citi is targeting €120 million for the six-story building, which spans 230,000 square feet and is located on North Wall Quay.
According to the report, Citi is now in the final stages of a deal for a new 300,000-square-foot office in Dublin Docklands.
Industry sources said the deal could close as early as this month as the site is now a third larger than its existing office.
The move is reportedly linked more to the bank’s organic growth here than to moves out of Ireland.
Dublin is the European headquarters of Citibank Europe, which has more than 2,500 employees in Ireland and offices in 22 countries across Europe.
The banking giant announced plans in April to create 300 new jobs in Ireland this year, bringing the total Irish workforce to 2,800. These now include more than 700 people who work in technology.
“Many of these new roles reflect this changing reality where skills such as risk, software development, data analytics, cloud and cyber are increasingly critical to the growth and health of our business,” said Cecilia Ronan, CEO of Citibank Europe, back then.
https://www.independent.ie/business/irish/citi-close-to-signing-100m-deal-for-new-european-headquarters-in-dublin-41964269.html Citi is about to sign a €100 million deal for its new European headquarters in Dublin