It was announced today that IPUT plc, the largest unlisted property vehicle in Ireland, has invested €20 million in the refurbishment of 5 Earlsfort Terrace and that it has instructed property advisors Savills and CBRE to seek pre-letting agreements for the landmark office building in Dublin 2.
The former headquarters of leading Irish law firm Arthur Cox – is undergoing a €20 million refurbishment which will provide 66,000 sq. ft. of Grade A office space. Upon completion in mid-2018, the building will accommodate up to 750 office workers across its 7 floors. It is estimated that 200 construction jobs will be created in the process.
Refurbishment works will include the addition of two new floors – featuring new 2.7 metre floor-to-ceiling heights with new features including 3 new high-speed lifts, generous provision of showers, lockers and changing rooms – in addition to 50 car park spaces and space for 70 bicycles at basement level.
5 Earlsfort Terrace is situated in the heard of Dublin’s central business district overlooking the iconic National Concert Hall and adjacent to the Five Star Conrad Hotel.
Speaking this week, Director of Offices at Savills Ireland, Andrew Cunningham said, "5 Earlsfort Terrace says it all. This is a unique opportunity to obtain 5 Star, headquarter quality office space with a stand out address just off Stephens Green. This eye catching building will overlook the new Robert Townshend designed plaza, the National Concert Hall beyond and the adjacent 5 Star Conrad Hilton."
Source: www.businessworld.ie