It said this “delivers an opportunity for IBRC to maximise investor
returns and deliver value for the Irish taxpayer”. However, the deal
still needs approval from the Irish government,
Among the other assets to be sold is the upmarket Metquarter shopping centre
in Liverpool and the Finsbury Dials office block in the City.
However, the Royal Exchange is likely to receive the most attention as a
trophy London asset. Given its title by Queen Elizabeth I in 1571, it was
twice destroyed by fire and rebuilt, first in the Great Fire of London in
1666 and again in 1838.
The Grade-I listed building was extensively refurbished in the 1990s, and in
2001 was reopened as a luxury retail centre. Tenants include Hermes, Gucci
and Paul Smith.