The Irish Stock Exchange (ISE) has announced a €10 million investment plan for its headquarters on Anglesea Street in Dublin city centre. The new investment is necessary to facilitate the continued expansion of the ISE’s Irish and international businesses with growing staff and customer numbers.
The expansion involves the purchase and planned integration of adjacent buildings on Foster Place into a single campus corporate headquarters.
ISE Chief Executive Deirdre Somers said:
“This significant investment will deliver the space we need for our continued expansion and increased staff numbers, combining state-of-the-art facilities, a prominent location and the retention of our strong historic links with the College Green area.”
The ISE has grown staff numbers by 40% to 114 over the last three years in response to increased business volumes and to target new revenue streams.
The ISE’s businesses now span 80 countries with over 33,000 securities and over 4,100 issuers from multiple sectors listing on its markets. Once completed, the new HQ will be able to accommodate up to 50% more staff, as well as better facilities. It is also envisaged that the enhanced HQ building will offer significantly greater scope for public engagements.
“This is a significant investment by the ISE. It reflects the confidence of the ISE’s management, board and shareholders in the business and future of the ISE. The Foster Place acquisition and our plans for the new HQ footprint will, uniquely, allow us to develop a modern headquarters designed for the future needs of the ISE whilst retaining links with our historic past.
“Anglesea Street has been home to a stock exchange business for longer than New York’s Wall Street. The €10 million investment will allow the ISE to continue to operate from its current building, which was purpose built to house the Exchange over 135 years ago. We believe this investment by the ISE will deliver a significant stimulus to the College Green area and, in particular, the rejuvenation of Foster Place. We look forward to the support of Dublin City Council to ensure an enhanced streetscape environment in Foster Place complementing their planned improvements to College Green which we support.
“28 Anglesea Street has been the headquarters of the exchange since 1878. Housing the original trading floor, it is one of the longest, continually used, stock exchange buildings in the world” said Ms Somers.