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First new office building within Dublin’s original IFSC since 2003

Written by Robert McHugh, on 22nd Sep 2016. Posted in Property

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‘The Exchange’, a new premium Grade A office building located at the heart of the original IFSC (Irish Financial Services Centre) within Dublin’s Central Business District will be launched by the Cosgrave Property Group in partnership with IPUT plc.

The launch will take place at an event in Dublin City Centre this evening. 

The Exchange will provide 105,000 sq ft (9,750 sq m) of office space over six floors. The building is being developed by the Cosgrave Property Group with funding provided by IPUT plc and John Sisk & Sons as the main contractor.

When completed and available for letting in in October 2017, The Exchange will be the first new Grade A office building constructed within the original phase of Dublin’s IFSC since 2003.
 
Savills and JLL are seeking a new HQ occupier for either the entirety, or on a floor by floor basis for the building which will accommodate 1,200 people when complete. Up to 100 people will be employed on site during the peak of the construction.
 
The Exchange is centrally located on the Docklands Luas line and adjacent to the Citi Group building, just 50 metres from the CHQ Building and five minutes’ walk from Connolly Station. It is surrounded by many of the world’s leading financial services brands within the IFSC including KPMG, Wells Fargo, JP Morgan Chase, SIG and Zurich, PwC, Morgan Stanley and BNY Mellon. 
 
Offices Director at joint letting agents, Savills Ireland, Andrew Cunningham says, "Dublin is continuing to experience strong demand for high quality office accommodation from both domestic and international occupiers."

He added, "The quality of the accommodation coming on stream at locations such as The Exchange is presenting a compelling offer and choice for businesses that are considering their options to expand or relocate to Dublin, particularly as the Brexit situation continues to unfold."

Source: www.businessworld.ie 

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