Tuesday 20 March 2018

Refurbished offices in central Dublin to let

Knight Frank is quoting €55 per sq ft for this space at the Station Building in Dublin 2
Knight Frank is quoting €55 per sq ft for this space at the Station Building in Dublin 2
Peter Flanagan

Peter Flanagan

KNIGHT Frank is seeking €55 per sq ft for some 13,600 sq ft of office space in central Dublin.

The firm are letting the space at The Station Building in the Park Place development on Upper Hatch Street in Dublin 2.

The Station building was originally part of Harcourt Station but Knight Frank say the propertyhas been "sensitively restored throughout, retaining many original features including its pitched roof with exposed trusses and original stone walls, ensuring occupiers fully benefit from its unique character".

"This is combined with the introduction of a new mezzanine floor, with generous set-backs from the front and rear elevations allowing natural light to penetrate throughout the offices," the firm said.

The internal workspace has been modernised to meet the "most demanding" needs of the end user. The building now includes full air conditioning, acoustic ceiling panels to the underside of the mezzanine level, feature linear light fittings, raised floor at platform level and both high quality passenger and goods lifts.

In addition to this, a feature internal stairwell at the main entrance links the platform level to mezzanine level. The building has also been finished to include fully fitted, bathroom facilities and showers. Car parking spaces area also available.

Developed by Clancourt, the Station Building provides what Knight Frank's Jim O'Reilly called "unrivalled" quality throughout.

"Due to its unique character, prime position, and access to all transport nodes (including the adjacent Harcourt Street Luas Station), the Station Building will appeal to an array of occupiers across the TMT, professional and financial services sectors," he said.

"In a market where there is a well-documented lack of Grade A stock, the Station Building strikes the perfect balance between premium quality office accommodation and a unique, collaborative workspace.

"The property is located at above the highly successful retail Vaults at Park Place, that are now home to Mortons, Peacock Green, Caffe Nero and a weekly farmers market, all very much welcome to office occupiers within the development and the wider area".

Access to the Station Building, is provided via three high quality, dedicated external stairs from the retail plaza below.

Careful consideration has been given to every detail, from the Station Building's full height glazed elevation at the front, to the halo effect lighting surrounding the building's feature entrance," Mr O'Reilly added.

At €55 per sq ft, the rent on the property is close to the highest seen in the current cycle.

Aircraft leasing firm AerCap have agreed terms to pay €60 per sq ft for space at a new office block being developed on St Stephen's Green by business man Denis O'Brien while analysts believe rents may go as high as €70 per sq ft next year.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business