In September 2016 Danske Bank announced its intention to let out two floors at its expansive headquarters on Donegall Square West in Belfast city centre.
Today the Bank can confirm that it has reached an agreement which will see professional services firm, Grant Thornton, occupy its third floor from November of this year.
Kevin Kingston, CEO of Danske Bank, said:
"In the current prolonged low interest rate environment, banks across the UK are continuing to look at ways to reduce their cost bases. We have taken an innovative approach to this challenge, with a rationale of seeking to implement change that does not negatively impact our customers.
We have a large portfolio of property assets and, as a prudent business, we need to make sure that they are utilised to the best advantage of the bank, our customers and our staff. We are delighted to have reached a tenancy agreement with Grant Thornton, one of Northern Ireland's leading advisory businesses.
Danske Bank is also continuing to invest in, and improve, the quality of its premises. In recent months this has included wide-ranging refurbishment at Donegall Square West and Killeaton House in Dunmurry, as well as the opening of a new modern branch in Downpatrick town centre. In the coming weeks we will also open a new City Hall facing corporate lobby at Donegall Square West, which will be used by both our staff and our tenants".
Richard Gillan, Managing Partner of Grant Thornton in Northern Ireland, commented:
“Over the last two years we’ve witnessed remarkable growth across all business streams at Grant Thornton. We’ve doubled our revenues and remain very optimistic about the future.
“Our move to this iconic building on Donegall Square reflects that confidence, and will provide a fitting and professional environment that will help facilitate our continued expansion.”