Sandyford land near M50 is home to Central Bank’s cash management facility
“A strategic review of our cash centre operations has been ongoing and the Central Bank has decided to develop a new cash centre in an alternative and suitably smaller site in the greater Dublin area, and to dispose of its current site in Sandyford,” the bank said in the statement. “The Central Bank will be engaging with the Land Development Agency in respect of disposal of its current site.
The Central Bank strategic review is understood to have concluded that the existing building was nearing the end of its useful life and that a new facility would need to be developed. The Government committed last week to drafting legislation to protect consumers’ and businesses’ access to cash, at a time when the pandemic has accelerated the use of digital payments globally and the remaining Irish banks are continuing to cut costs.
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