NEWS

IPUT receives Planning Permission for new city quarter at Wilton Park
12/7/19

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IPUT the largest owner of offices in Dublin, has been granted permission by An Bord Pleanála for a 450,000 sq ft office development at Two, Three and Four Wilton Park, Dublin 2. One Wilton Park, which comprises 150,000 sq ft is already under construction and this decision clears the way for IPUT to complete the full re-development of its estate at Wilton Park.

IPUT plc, Chief Executive Officer, Niall Gaffney, said: “IPUT strategically assembled the Wilton Park estate over the past decade with a vision to create an entirely new city quarter centred around its park. The first phase, One Wilton Park, is already under construction and we will now look to commence the development of Two, Three & Four Wilton Park in 2020.

Wilton Park and its public spaces will be carefully designed and landscaped to realise true ‘place-making’ in this part of Dublin city. The entire Wilton Park scheme will deliver over 600,000 sq ft of office and new retail/restaurant spaces which will be completed to the highest global standard in design and sustainability.”

The Wilton Park estate comprises the former Fitzwilton House, Wilton Park House, Gardner House and their associated public spaces – principally a one-acre park. Wilton Park will deliver a total of 600,000 sq ft of office & new retail/restaurant space - creating a new city quarter which could cater for up to 6,000 workers and reinforce Dublin as a key location for foreign direct investment.

Construction has commenced on the 150,000 sq ft development at One Wilton Park, which has been fully pre-let to LinkedIn and is scheduled for completion in late 2020. Development of the remaining three inter-connecting office buildings, Two Three & Four Wilton Park, comprising 450,000 sq ft, is scheduled to begin in 2020 and targeted for completion in 2023.

Two, Three & Four Wilton Park have a combined total floor area of c. 450,000 sq ft over six floors plus ground and lower ground floors. At ground level, the development will include café, restaurant and retail facilities centred around a new public square.

The Wilton Park development has been designed to meet the highest sustainability, efficiency and digital connectivity standards including LEED Platinum, WiredScore Platinum, WELL Gold and a BER A3 Energy rating.


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IPUT Launches the Tropical Fruit Warehouse in Dublin's Docklands
23/5/19

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80,000 sq.ft. landmark office development featuring historic warehouse buildings

IPUT plc (“IPUT”) is pleased to launch the Tropical Fruit Warehouse, an 80,000 sq.ft. landmark office development on Sir John Rogerson’s Quay, Dublin 2 over-looking the Samuel Beckett bridgeand River Liffey.

30-32 Sir John Rogerson’s Quay is the last remaining original warehouse on the quays and, from 1892, were used for the importation of tropical fruit into Ireland. The buildings are being redeveloped by IPUT as the Tropical Fruit Warehouse in recognition of this unique history.The transformative scheme, which has been designed by Henry J Lyons Architects in partnership with renowned façade specialists, Octatube, will deliver over 80,000 sq. ft. of unique river front offices centred around a restored warehouse to include a new six storey office block at the rear overlooking a public square. The design incorporates two floating, fully glazed office floors which cantilever over the warehouse building providingunparalleled panoramic views over the River Liffey.

In keeping with IPUT’s long term approach to investing, the building has been designed to meet the highest sustainability credentials and will also incorporate a significant investment in the public realm - creating a vibrant pedestrian connection from the River Liffey to Whitaker Square at the rear.

Construction has commenced and is scheduled for completion in Spring 2021.

IPUT Chief Executive, Niall Gaffney, said: “The redevelopment of The Tropical Fruit Warehouse is a great opportunity for IPUT to create a landmark office property that is crafted to optimise flexibility and deliver light filled space with panoramic views over the River Liffey and Dublin’s skyline.

We are long term investors and as such we have deliberately pushed the boundaries to develop a building that meets the highest global standards in design and sustainability.”

Visit: www.tropicalfruitwarehouse.com

Joint letting agents for the Tropical Fruit Warehouse are Savills and Cushman & Wakefield.


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IPUT Completes New Lease Agreements for 43,500 sq.ft. of Office Space at Harcourt Centre
01/3/19

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IPUT plc has completed two new lease agreements on 4,041 sq.m. (43,500 sq.ft.) of office space at 2 & 3 Harcourt Centre, Dublin 2.

Acquired by IPUT in 2013, The Harcourt Centre comprises 6,782 sq.m. (73,000 sq.ft.) of prime office space. Global Consulting Group Mazars has agreed a new lease on 2,880 sq.m. (31,000 sq.ft.) of office space at 3 Harcourt Centre which will see the company remain in occupation of the building into the medium term.

Leading international law firm Eversheds Sutherland will also continue their expansion within the IPUT portfolio, taking 2 additional floors at 2 Harcourt Centre while extending all existing leases and will now occupy 1,161 sq.m. (12,500 sq.ft.) in the building.

Niall Ringrose, Head of Property Management at IPUT plc said:

‘This is a very positive outcome for IPUT. By engaging proactively with our existing occupiers, we can work together to meet future requirements. We are delighted to be in a position to accommodate the continued growth of both Mazars and Eversheds Sutherland within our portfolio.’

Mazars is a global audit, accounting and consulting group employing more than 23,000 professionals in 89 countries. Eversheds Sutherland is a global Top 15 law firm employing over 5,000 people in 67 offices worldwide.

HWBC acted for Mazars while Knight Frank advised Eversheds Sutherland. Other occupiers within the buildings include WBT holdings, Apex Fund Services, Edelman, Iterum Therapeutics and Transitions Optical.


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