The Central Bank of Ireland announced it has acquired a site for the development of a new cash centre, subject to obtaining planning permission, as part of its project to replace its existing Sandyford facilities. The Bank agreed to purchase 29.5 acres of land at Balseskin, Fingal for EUR 14m, concluding what it described as a rigorous site selection process. The project follows its December 2022 decision to build a new cash centre on an alternative site in the greater Dublin area and to dispose of the current Sandyford site, where buildings dating from the 1970s are not considered fit for the long term. The Bank described the new cash centre as a significant investment funded from its own resources, aimed at supporting the availability of cash as a means of payment. Next steps include preparing a detailed design and submitting a planning permission application. The Central Bank continues to expect delivery will take at least seven years, and confirmed cash operations will remain at Sandyford in the interim.
Central Bank of Ireland 2025-02-14
Central Bank of Ireland acquires EUR 14m Balseskin site for planned new cash centre
The Central Bank of Ireland has acquired a 29.5-acre site in Balseskin, Fingal for EUR 14 million to develop a new cash centre, pending planning permission. This investment, funded from the Bank's resources, aims to replace the outdated Sandyford facilities and support cash availability. Cash operations will continue at Sandyford until the new centre is completed, expected to take at least seven years.