Danske Bank seek­ing fresh ten­ants

Belfast Telegraph - Business Telegraph - - Commercial Property - BY JOHN MUL­GREW

DANSKE Bank is con­tin­u­ing to let out space at its head­quar­ters close to Belfast City Hall.

The bank is ad­ver­tis­ing a sec­ond floor of­fice at its Done­gall Square West build­ing.

Last year, it con­firmed that it had moved a num­ber of em­ploy­ees into other premises out­side the city, lead­ing to the sec­ond and third floors going on the let­tings mar­ket. But it is un­der­stood no jobs are be­ing lost in the process.

Since then, pro­fes­sional ser­vices firm Grant Thorn­ton has agreed to move into the build­ing.

The bank said it has reached an agree­ment with Grant Thorn­ton for the busi­ness to take over the third floor at its Done­gall Square West head­quar­ters from Novem­ber. Grant Thorn­ton is mov­ing more than 100 staff from the firm’s Clarence Street West of­fice amid huge growth.

It’s un­der­stood the Danske Bank build­ing will also see new Grant Thorn­ton sig­nage erected.

Danske Bank’s re­main­ing floor measures more than 13,000 sq ft, and ac­cord­ing to Os­borne King is “fully fit­ted to grade A spec­i­fi­ca­tion”.

In July this year, Danske Bank re­vealed it had sold off its high- end in­vest­ment busi­ness to a global wealth man­age­ment firm.

Davy Pri­vate Clients UK has ac­quired Danske Bank’s port­fo­lio of more than 1,100 of its cus­tomers, who would be seek­ing in­vest­ment op­tions of more than £150,000.

The deal in­volves the trans­fer of the man­age­ment of more than 1,100 cus­tomer in­vest­ment port­fo­lios.

Th­ese are cur­rently man­aged by the bank’s in­vest­ment cen­tre. As part of the deal, 12 Danske Bank em­ploy­ees will join Davy.

The move is due to take place by the end of Oc­to­ber. Davy is North­ern Ire­land’s largest wealth man­ager.

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