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Liam Carroll pays €9.2 million for Grand Canal HouseFebruary 26 2004
Grand Canal House, a 1980s office building at Grand Canal Street, has been bought from the IPFPUT pension fund by property developer Liam Carroll of Danninger for €9.2 million.
The 1,848 sq m (16,000sq ft) building originally served as the headquarters of the failed Cambridge Finance. It is currently rented by solicitors Dillon Eustace, who are believed to be planning to relocate to larger offices, possibly with about 3,716 sq m (40,000 sq ft). If and when the tenants move, Mr Carroll is expected to seek planning permission to add several storeys to Grand Canal House. Other blocks in the area are considerably higher. Willy Dowling of CB Richard Ellis Gunne advised Mr Carroll.