Tag Archives: office

Davy Stockbrokers

Dublin office rents to rise by 40%

Dublin office rents look set to climb to as high as €50 per sq ft, thats according to the latest report by Davy Stockbrokers on the commercial property sector, thats a potential increase of 40% on current rates. “There has effectively been no new commercial build since 2010, but the uplift in values and fundamentals now supports new [...]

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CBRE predicts return of cranes to Dublin skyline this year

Property company CBRE has predicted that this year will see the return of cranes to the Dublin skyline as the next wave of office development in the city begins. In its outlook for 2013, CBRE forecasts that prime office rents in the key Dublin 2 and 4 areas will increase by another 14% to reach [...]

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Ryanair buys new Dublin offices

Ryanair has bought a new office building in Swords, Co Dublin, to relocate its Irish operations under one roof. The Airside Business Park premises, which covers 100,000 sq ft, will be the new home for the airline’s commercial, customer service, finance, IT, legal and marketing departments. The 400 staff currently located at Dublin Airport offices [...]

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Gillette Corner in London

London landmark put up for sale by NAMA

London’s landmark Gillette Corner has been put on the market by NAMA. The former site of the European headquarters of Gillette was originally bought in 2005 for £30 million by Donegal developer Jim McGettigan’s Bonnington Group. Agents for the group, Savills and Mason Owen & Lyons said in a statement this morning that they had [...]

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The State Street building at 78 Sir John Rogerson's Quay

Savills sell State Street HQ for €108 million

Savills have announced the sale of the State Street building on Dublin’s Docklands for €108 million. The eight-storey headquarters and adjacent three acre site at 78 Sir John Rogerson’s Quay in south Dublin were brought to the market through Savills in September by Paul McCann and Patrick Dillon of Grant Thornton. The asset is considered [...]

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Permanent TSB

Certus favourites to awarded PTSB commercial loan book contract

Banking services firm Certus are the favourites to be awarded the contract to manage Permanent TSB’s €2 billion commercial loan book. The bank began inviting tenders for the contract last week. According to The Irish Times, the loan book comprises borrowings linked to office, retail and industrial developments. A small number of PTSB staff who [...]

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3 Clanwilliam Square

Dublin 2 office on the market for €450,000

A modern compact office investment property in Dublin 2, with a yield of 10.6%, has come on the market for €450,000. 3 Clanwilliam Square  is currently let to Transfusion Positive on an FRI lease that expires in February 2017 at a current rental level of €50,000 per annum. Agents Knight Frank says the asking price [...]

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Rates in Dublin City Centre at prime locations such as Grafton Street could be set to double

Rates in Dublin City Centre could be set to double

Rates in Dublin’s City Centre could be set to double, according to a report in today’s Irish Times. A revaluation process is currently being carried out by Dublin City Council to redistribute the overall burden of rates between office, retail, industrial and other commercial occupiers. It is hoped that proposed valuation certificates will be issued [...]

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The Molly Malone statue in Dublin 2 - the area is one of the most popular for office locations

Dublin 2 and 4 the most popular office locations

Dublin 2 and 4 remain the most popular location for office businesses with almost half of this year’s tenants preferring the two southside locations as a site for their business. In a survey of 250 office occupiers who signed leases in the last 12 months, CB Richard Ellis found that 46% opted for Dublin 2 [...]

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