Monday 25 September 2017

Doherty's Harcourt Developments lands five big deals at Park West Business Park

Park West Business Park
Park West Business Park
Ronald Quinlan

Ronald Quinlan

Developer Pat Doherty's Harcourt Developments is celebrating a successful run at Park West Business Park, after securing deals with five high-profile occupiers over recent months.

Allianz Worldwide Care, Globoforce, Sysnet Global Solutions, Monster Energy, and Heavey RF have all signed up for new or additional facilities at the west Dublin business park, bringing the total amount of office space let or sold at the scheme within the past 12 months to 277,451 sq ft (25,776 sq m).

Park West train station, which gives passengers direct access to Dublin city centre in 20 minutes
Park West train station, which gives passengers direct access to Dublin city centre in 20 minutes

Allianz Worldwide Care has expanded its operations at Park West to more than 140,000 sq ft (13,006 sq m) across six buildings, making it the largest tenant there. The world's biggest health insurer now owns five blocks totalling 110,000 sq ft (10,219 sq m) and rents one block at the campus, where it employs 900 staff drawn from 60 countries.

Globoforce, a leading provider of social recognition solutions, has moved its global co-headquarters to Park West's flagship 40,000 sq ft building at Beckett Way. The company has signed a 10-year lease with a break option in year five, and has agreed to pay a rent of €12 to €15 per square foot.

Online security specialists Sysnet Global Solutions moved into its new global headquarters at Park West earlier this year. The company works with clients from 57 countries from its offices at the Plaza. Sysnet Global Solutions has signed a 10-year lease on 18,000 sq ft of office space and is paying a rent of between €12 and €15 a square foot.

Energy drinks manufacturer Monster Energy, meanwhile, has signed a five-year lease on 4,500 sq ft of space at Park West for its new European headquarters. Acknowledged as a world leader in brand-building, the company is paying a rent of between €12 and €15 a square foot for its offices at the west Dublin campus.

While the mobile technology solution provider Heavey RF has offices in the UK, Poland, Germany, the United States and Australia, Park West is the preferred location for its global headquarters, where it now rents 5,000 sq ft (465 sq m) of office space, at a rent of between €12 and €15 a square foot on a lease term of four years and nine months.

Fully-fitted offices ranging in size from 2,150 sq ft (200 sq m) to 37,675 sq ft (3,500 sq m) are available at Park West.

Located just 8km from Dublin city centre, the development's existing accessibility by road was further complemented with the opening last November of the Phoenix Park rail tunnel. The rail link allows Park West commuters to cross the city in 20 minutes and connects the campus with the Dublin Docklands business district directly.

Where previously passengers making the 8km trip into the city had to disembark at Heuston Station and make the rest of the way to their final destination using the Luas, Dart, bus or bike, the €13.7m upgrade and reopening of the 719-metre Phoenix Park tunnel allows them to board a train at Park West and travel without interruption to stops at Drumcondra, Connolly Station, Tara Street, Pearse Street and Grand Canal Dock. Trains on the new service are scheduled every 20 minutes at peak times.

Apart from the Phoenix Park rail link, Park West sits within a short drive of the M50 motorway, while the Luas red line at Kylemore can be reached by shuttle bus from the campus. Both the 79A and 151 Dublin Bus routes connect Park West to Dublin city centre.,

Sunday Independent

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