Google considers bid for landmark Dublin property

The US firm has been linked with a prominent south Dublin office building

Google is reported to have held informal talks with the owners of the Treasury Building - the NTMA's home on the Grand Canal - as the US firm considers a bid for the property.

The Irish Independent states that these talks have been on-going for some two months and that Google is prepared to spend up to €125m on the Dublin property. This is well above the building's estimated value of €100m.

The building is a short walk from Google's European HQ - the company is believed to be bringing 400 new jobs to the capital. It was wildly reported in January that Google is planning to create more roles in Dublin if it can find the right office space.

Agents CBRE are managing the sale of one-third of the for Percy Nominees. The building was constructed in 1989 by Ambiorix, a company controlled by  Johnny Ronan, Paddy McKillen Jr and Liam Cunningham - it owns 67% of the property.

The Treasury Building generates rent of more than €5m per annum.

Google currently employs more than 6,000 people in Ireland. The internet giant has previously spent €99m and €100m on its current office blocks at Dublin's Grand Canal Dock.

The NTMA is preparing to move to a new office on Dublin's North Wall Quay.

None of the parties involved have commented on this report.