A six storey office building in Burlington Road, Dublin 4, is set to be completed by the second quarter of 2017.
The project, 'Vertium' is the result of a collaboration between three major European property companies – Union Investment, U+I and Ronan Group with joint letting agents Savills and Knight Frank.
The new 172,000 square foot office building will accommodate up to 2,000 workers and will span almost 100 metres on Burlington Road. The detached nature of the new structure will allow for natural light on all sides.
Letting agents will be quoting rent in excess of €55 per square foot.
Chairman of Savills, Roland O’Connell and Director of Knight Frank, Declan O’Reilly, the letting agents for Vertium made a joint statement, "It has been well documented that there is simply not enough office space to meet the demand of occupiers in Dublin’s central business district.
"Major new office schemes such as the Vertium building are crucial in ensuring Dublin remains a competitive city when it comes to attracting foreign direct investment. The level of interest, best expressed by occupiers already, is very encouraging, prompted by the fact that there is very little new stock that can be delivered within the next 15/18 months in Dublin."
Source: www.businessworld.ie
