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RTÉ is selling off part of its headquarters in south Dublin in a bid to help its struggling finances.
Part of the Dublin 4 site will be sold off, according to a statement released to staff this afternoon.
It describes how RTÉ has given “serious consideration to the best options for the redevelopment of the Donnybrook campus for some time”and that, following a meeting of the board, it has decided to sell off “a portion of under-utilised land on our Donnybrook site, west of the radio centre”.
“While the exact timings around the sales process and final details of the land to be sold are still being finalised and are commercially sensitive, RTÉ can confirm our intention to sell in the first half of 2017. Savills have been appointed to manage the sale, following a public procurement process,” the statement read.
Sell-off
It also details how the national broadcaster’s financial position has been in a serious period of decline for some time, forcing them to stop any investment in infrastructure and technology.
A series of independent reports indicated that the sale the land represented “a valuable source of much-needed funding for investment”.
“While the sale of this underutilised land will not solve all RTÉ’s financial challenges, it will provide us with means to reshape and reinvest in the organisation and, together with the 5-year strategy that is in development, will enable us to continue to meet the changing needs of audiences,” the statement concluded.
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