The first of the fast-track developments planned for Dublin’s docklands has been given the go ahead by the city council. The planning permission for the site on Sir John Rogerson’s Quay will involve 58 apartments and 9,000 square metres of office space.
Dublin Airport Authority is to spend an estimated €10 million on the redevelopment of the former Aer Lingus head office at the airport. The six-storey over basement building with a floor area of 8,300 sq.m (89,400 sq.ft) will in future be known as One, Dublin Airport Central.
Starwood Property Trust has acquired a portfolio of stabilised offices in Dublin from Lone Star for €350m, in the firm’s first equity investment in Ireland and also the first by a major US REIT in Dublin, reflecting a net initial yield of circa 5.6%.