Ronan secures €62.50 per sq ft in Dublin 4
Developer Johnny Ronan's company, Ronan Group Real Estate (RGRE) has signed a deal with US pharmaceutical giant Theravance for 565 sq m (6,087 sq ft) of office space at Connaught House on Burlington Road in Dublin 4.
Theravance is to pay a rent of €62.50 per sq ft - a figure at the upper end of the rents currently being achieved by Grade A offices in Dublin's CBD. Jim O'Reilly of Knight Frank brokered the deal, which will see the NASDAQ-listed biopharma company move into the fourth floor of Connaught House on a 10-year, full repairing and insuring (FRI) lease. Other tenants at the building include CBRE, Apollo Aviation, Jazz Pharmaceuticals, Groupon International, and Alkermes.