Posted on Monday 30 October 2017 by Ulster Business

Danske bank seeking more tenants

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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