Business Property & Mortgages

Saturday 1 October 2016

'The Exo': Green light for country's tallest office block

Peter Flanagan Commercial Property Editor

Published 31/03/2016 | 16:40

Artist's impression of the 'Exo'
Artist's impression of the 'Exo'

THE tallest office block in the Republic of Ireland will be built beside the Point Village in Dublin after Dublin City Council granted planning permission for it today.

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“The Exo” will be a 17 storey, 73m tall building with about 224,000 sq ft of office space – enough room for 2,000 workers.

The planning application was made by the receivers over the Point Village development - Grant Thornton's Stephen Tennant and Paul McCann.

Construction will take about two years and employ an estimated 350 people in process. Designed by Shay Cleary architects, the development will cost in the region of €80m to construct.

The location is one of the few areas in Dublin that allow for high rise buildings. Directly opposite on the other side of the River Liffey, Kennedy Wilson is preparing a 79 metre high tower at its "Capital Docks" development.

Both of those buildings will easily beat the 59 metre high Liberty Hall and 67m high Montevetro in Grand Canal Dock - now renamed Google Docks. The Elysian Tower in Cork is 68m high. The two tallest buildings on the island are the Obel Tower and Windsor House in Belfast. Both are over 80m.

The Exo tower is being financed by Nama, while Savills and CBRE are letting agents.

Stephen Tennant from Grant Thornton said the decision was “great news for the North Docklands and Dublin as a whole”.

“We now look forward to bringing these plans to life and delivering a quality office scheme to meet the strong demand for office space in Dublin.”

Roland O’Connell, chairman of joint letting agents, Savills Ireland, commented: “The Point Village has witnessed a significant increase in footfall over the past few years. As a result, numerous high-profile office occupiers and retailers have been enquiring about accommodation at the Point Village. The proposed construction of The Exo in addition to other planned development – will only serve to increase that demand.”

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