Sunday 22 July 2018

IFSC office space to be leased for €55 per square foot

2 Harbourmaster Place.
2 Harbourmaster Place.
Peter Flanagan

Peter Flanagan

JLL has been retained to let out a penthouse office suite in the IFSC which has been put on the market for €55 per square foot.

The agent is seeking a tenant for part of the 6th floor of 2 Harbourmaster Place (pictured) at the junction of Amiens Street and Harbourmaster Place at the gateway to the financial district.

According to JLL. 2 Harbourmaster Place "benefits from a host of retail and leisure amenities available within the IFSC and is conveniently located within the heart of Dublin's Public Transport Hub including the Luas Red Line, main rail line and dart services not to mention numerous bus routes".

The 6th floor penthouse offers "unrivalled views across Georges Dock and the IFSC".

"The accommodation of 1,295 sq ft is presented in excellent walk in condition to include raised floors, suspended ceilings and air conditioning.

The building also benefits from five showers located on the ground floor. The other occupiers within the building include KPMG, Wells Fargo and Bank of Montreal. The suite is available now by way of sub-lease on "flexible" terms.

Ger Carr of JLL claimed "this space is ideal as a high quality executive/management suite while also offering the advantages of a penthouse and the local superb amenities of the IFSC. I expect there to be strong demand for this office space".

Private investment manager Ardstone Capital and CBRE Global Investment Partners paid a little over €37m for the office block two years ago.

Ardstone, which was founded by former Friends First executives, is in the process of raising a €200m fund earmarked for residential development.

The Ardstone Residential Partners Fund is reported to have raised €110m so far as investors bet on house building.

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