To accommodate our continued growth, we have moved to our newly developed offices at 47-49 St Stephen’s Green. By investing in our own Estate, our new office allows us the opportunity to create a unique working environment that promotes the wellbeing of our people.
Wellness & Sustainability
IPUT’s investment in the built environment and its impact on human health and well-being is reflected in the careful design of our new office. Our new space is on track to achieve WELL Gold certification, which is based on seven categories of building performance; air, water, nourishment, light, fitness, comfort and mind. WELL certification is only in its infancy in Europe with less than 10 projects achieving certification to date. The new office has also achieved an A3 energy rating placing it in the top 1% of commercial buildings in Ireland. This rating is reflective of our focus on the energy efficiency of our buildings throughout our portfolio.
The new space has been designed with collaboration and comfort in mind. Flexible working spaces have been designed to encourage interaction across various project teams with sit-stand desks, stand up meeting spaces, interactive touch screens and access to roof gardens while new meetings rooms, casual meeting spaces allow the team to have an array of facilities when working.
Looking to the future, we have heavily invested in our IT & AV systems. Wireless casting and touch screens have been installed to encourage collaboration and activity in meetings, while Microsoft Surfaces have been issued allowing the team to easily work from different spaces with seamless integration with new AV systems.
Enriching our Buildings
The relationship between artwork and architecture gives our buildings life and personality. Our goal as owners and developers of over 5 million sq.ft. of commercial real estate in Dublin, is to create spaces that people enjoy. The quality of finishes and level of detailing within the office represents IPUT’s commitment to innovative and considered design.
“The move to St Stephen’s Green reflects both the ambition and personality of our business. We are authentic about promoting quality design across our Estate and in doing so, we recognise that thoughtful design will serve to improve the wellbeing of people.” Niall Gaffney, IPUT Chief Executive.
IPUT plc is pleased to announce that luxury retail brand, The White Company, have leased 800 sq m (8,527 sq ft) of high quality retail space over three floors at Seventy-Two Grafton Street, Dublin 2 on a long-term lease.
Seventy-Two Grafton Street was acquired by IPUT in 2014 for € 12.5 million and the building was thoughtfully restored and reconfigured to highlight the stunning curved-vaulted ceiling at first-floor level while restoration works have been carried out on the external façade to protect the rich heritage of the building.
IPUT’s Head of Investment, Michael Clarke, said: “Seventy-Two Grafton Street has been extensively refurbished and redesigned, at a cost of €2m, to meet the demands of leading international retailers. This project is part of our strategy to regenerate our portfolio and create value for investors. The repositioned asset will generate an income yield on cost of c. 5.5% and a profit on cost of 30%.”
IPUT plc announces there has been further letting success at “The Exchange”, in the IFSC (Irish Financial Services Centre), Dublin 1. Leading international Law Firm, Walkers Global, has signed a long-term lease at a rent of €50 psf for the entire 5th floor (19,000 sq ft).
Walker’s Global are an international law firm with offices in several financial services hubs around the world including; Dublin, Singapore and Hong Kong. They will join existing tenants The Food Safety Authority of Ireland and Ronan Daly Jermyn Solicitors who have recently taken occupation within the building.
The Exchange, which completed in October 2017, is the first new build office in the IFSC since 2003. The project has been forward funded by IPUT and benefits from a 2-year rental underwrite from the developer from completion.
Commenting on behalf of IPUT plc Head of Investment Michael Clarke said: “We are very pleased to include another top tier Law Firm as an occupier within the IPUT portfolio and with the benefit of a two year rental underwrite from the developer in place, the focus of our leasing team will continue to be to secure high quality tenants on long term leases”.