Friday 22 September 2017

D3 office for €160 per sqm

The new landlord is seeking a tenant for Block W offices at Eastpoint Business Park, Dublin 3. After purhcasing it recently for around €2m. a private investor invested €500,000 in fully upgrading the block and installed a new VRV air conditioning system, reception area and toilet accommodation.

With a floor area of 2,230sqm extending over three floors, the current agents, BNP Paribas Real Estate, are now quoting a rent of €160 per sqm on a new lease and €750 per space for 28 surface parking spaces.

The building was previously occupied by computer hardware giants IBM

Eastpoint Business Park comprises about 140,000sqm of office space in 37 buildings. Conor Whelan of BNP Paribas Real Estate says the business park has seen considerable activity over the past 18 months with numerous high profile occupiers either considering or completing deals within the park.

"We have noted a considerable increase in the number of occupiers keen to maintain easy access to Dublin Airport and, with the airport being only 10 minutes away via the Port Tunnel, Eastpoint is a strong option."

The agent availability of quality offices is limited around the airport area.

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