The Health Research Board (HRB) will request that the proceeds from the sale of its former headquarters should be invested in research, the Medical Independent (MI) can report.
From 1986 to July 2014, the HRB headquarters was at 73 Lower Baggot Street, Dublin 2. In July 2014, the HRB moved to its present location, Grattan House, 67-72 Lower Mount Street, Dublin 2.
According to minutes of the February meeting of the HRB board, the former headquarters was put on the market earlier that month.
“It was agreed to prioritise the preparation of a business case seeking Department of Health approval for the investment of the sale proceeds in health research,” the minutes stated.
A HRB spokesperson told MI the sale of the property was completed earlier this month. The spokesperson did not disclose the sale price and the details have not yet appeared on the online residential property price register. However, in February, The Irish Times reported that the property agent Colliers was “guiding” a price of €3 million for the building.
The HRB spokesperson confirmed that a business case, which proposes that the money from the sale is spent on health research, is currently being drafted. It is anticipated that the document will be submitted to the Department in the fourth quarter of this year.
The HRB is the lead funding agency for health research in Ireland. According to the HRB website, it oversees a €45 million investment in health research activity each year. The HRB also hosts the national office for research ethics committees and the secretariat to the health research consent declaration committee.