South docklands office block makes €6.9m profit in 14 months
Hibernia Reit has sold a south docklands office block for €6.9 million more than it paid for it 14 months ago. The sale, in which Bannon acted for the vendor and Knight Frank for the purchaser, is to a German pension fund which has secured an initial yield of 4.65%. This off-market transaction underlines the […]
Kellogg to relocate European HQ to Dublin Airport Central
Dublin Airport Central, a major new office development in the heart of the airport campus, has landed a high-profile anchor tenant for the first of two headquarter-style buildings now under construction. US multinational food company Kellogg is to relocate its 220 Irish and European office staff to Three Dublin Airport Central, where the six-storey block […]
Dublin is a top destination for UK firms after Brexit
Dublin is now the most popular post Brexit location for UK firms over its European peers (Frankfurt, Luxembourg and Paris) in terms of company moves (not staff numbers) according to the latest EY Brexit Tracker. This is despite the perception that the city has lost out to its competitors due to the erosion of competitiveness, […]
Depfa Bank and Apex Fund Services to let new Irish Life block
Irish Life has found tenants for a newly developed office block at the Irish Life Centre on Lower Abbey Street, Dublin 1. Depfa Bank, formerly based in the nearby IFSC, has completed contacts to lease 1,856 sq.m (20,000 sq.ft) on the third and fourth floors of Block 5 at a rent of €484 per sq.m (€45/sq.ft). The […]
Fitzwilliam 28 brings fresh energy to Georgian Dublin
Bannon are delighted to officially launch ‘Fitzwilliam 28’ today, a state-of-the-art office development currently under construction at the heart of Dublin’s historic Georgian core. Extending to approximately 12,500 sq.m (134,548 sq.ft) and capable of accommodating upwards of 1,200 workers, Fitzwilliam 28 is being delivered by leading contractors PJ Hegarty, along with the adjoining Fitzwilliam 27 […]
Hibernia acquires South Docks office for €28.7m
Hibernia REIT plc (“Hibernia”) announces that it has exchanged contracts to acquire 77 Sir John Rogerson’s Quay (“77 SJRQ”) for €28.7m. 77 SJRQ is a six storey office building of 34,400 sq.ft with 20 basement car parking spaces which was constructed in 2004. The building is situated towards the eastern end of Dublin’s South Docks […]
Walkers to lease Exchange penthouse in IFSC
The international law firm Walkers will double its Dublin office space when the firm moves shortly to The Exchange at the International Financial Services Centre. Walkers will occupy 1,781 sq.m (19,178 sq.ft) on the penthouse floor of the five-storey building, which has an overall capacity of 9,986 sq.m (107,500 sq.ft). Walkers will pay a rent of €538 per sq.m (€50/sq.ft) […]
Ardstone Capital clears out last of its Dublin office portfolio
Ardstone Capital has sold the last of its Dublin office investments amid increasing speculation that office values in the city may have peaked. In its most recent sale, Ardstone settled on a profit of about €3 million for Block P2 in Eastpoint Business Park. This was sold to Avestus Capital Partners and Ares Management for […]
Hibernia buys three office blocks in Dublin for €51m
Property investment group Hibernia Reit has acquired three office buildings close to Lower Mount Street in Dublin 2 for €51m.
