Plans have been announced to redevelop the former MBNA offices in Carrick-On-Shannon into Grade A co-working office accommodation.

Approximately €9 million is being invested to upgrade over 22,000 sq ft of the building.

The iconic business campus is home to 200 Avant Money employees, who occupy a quarter of the 20-year-old building and provide financial services to clients throughout Ireland.

Lar Power, Chief Executive Leitrim County Council, said: "We recognised that there was a pressing need in the north-west for ready-made spaces for the next growth stage after start-up. Growth stage businesses often struggle to find suitable accommodation thus hampering their ability to expand and reach their full potential. We have brought five office spaces ranging in size from 1,500 to 2,700 sq ft spaces to the market for immediate rent, the first two of which were occupied almost immediately.

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"These spaces are specifically designed for companies with more than ten employees, giving them the room to grow and the security of knowing that the campus can accommodate all stages of their growth journey. This high-quality building had been vastly underutilised but the developments to date, in conjunction with the plans for future development, will act as an economic development generator for Leitrim and the north-west region as a whole, both of which are strategically important to us."

The overall €9m investment in this building is supported by Rural Regeneration Development Funding, and is a new departure for Leitrim County Council, which describes it as a significant investment in the future of the area.