The Office of Public Works is reported to be in discussions on behalf of the Department of Health to move location from its current dilapidated headquarters tower on Dublin’s Hawkins Street - near Trinity College - to the nearly refurbished former Bank of Ireland Headquarters on Baggot Street.

The country’s largest beef processor Larry Goodman bought the Baggot Street complex of three separate buildings around a central plaza, three years ago for just over €40m.

The buildings have since been under wraps undergoing a €100m refurbishment.

The Department of Health is understood to require about two-thirds of the overall 20,000 sq meter available space and letting agents, Knight Frank are understood to be looking for up to €650 per square meters in rent according to the Irish Times.

With a massive development planned on the site of Tara Street dart station and the sale of properties surrounding the current Department of Health building, there has been increasing speculation that the Department may leave the central Dublin location and that a significant development will take place on the site.