Saturday 21 October 2017

Lisney hired to find tenants for CHQ

Peter Flanagan Commercial Property Editor

The new owner of the CHQ building in Dublin's docklands has hired Lisney estate agents to secure tenants as it begins to revamp the shopping centre.

CHQ Dublin Limited said Lisney had been tasked with finding at least two complementary businesses to locate in the conservatories and vaults adjacent to Ely Bar & Brasserie in phase 1 of this plan. Former Coca-Cola boss Neville Isdell bought the building in August for around €10m.

The former warehouse had become something of a symbol for the economic downturn in the country.

In 2005, the Dublin Docklands Development Authority (DDDA) spent close to €45m on refurbishing the property but today less than half the units there are occupied.

When he purchased the site through his company CHQ Dublin Limited, Mr Isdell said his team would be "evaluating and developing a number of ideas" for the building. Since then, the company has outlined development plans to turn the units along George's Dock into a "culinary destination" with restaurants and gastropubs set to line the row.

CHQ's Mervyn Greene said he was "delighted" to have signed up Lisney, adding there were a "number of viewings" lined up already.

"Our areas alongside George's Dock will be the first to undergo development as the space is ready to go and of course this is the first concrete step that we are taking in our broader strategy to build a vibrant multi-purpose building," he said.

The two units available now are 928sqm and present a "special opportunity for operators to put their own stamp on the space", he added.

CHQ Dublin Limited has signed a partnership deal with the DDDA for this year's Oktoberfest festival and Christmas celebrations.

Irish Independent

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