IPUT plc is pleased to announce plans to invest in Styne House, a Grade A office building situated on Hatch Street, Dublin 2, including the addition of a new street level café and enhanced amenities for occupiers.
IPUT intends to enlarge the existing reception area of Styne House and lower the ground floor entrance which will allow for the development of an 800 sq. ft. café at street level. This new café will provide a vibrant and attractive space for the occupiers of Styne House and members of the public while enhancing the public realm
This investment is part of the Fund’s rolling refurbishment programme and will substantially enhance occupier amenities including new shower, locker, drying rooms and toilet facilities and increase the number of bicycle parking spaces to 100.
As part of a longer-term asset management strategy for Styne House, IPUT has received approval to construct an additional penthouse level comprising 8,000 sq.ft. of office space at 6th floor.
Designed by RKD Architects, it is anticipated that this phased development will see completion of a new building reception, café and basement facilities upgrade by mid-2019.
Kevin Sweeney of Savills has been appointed to source an occupier for the café space on behalf of IPUT.
IPUT plc is pleased to announce that it is the largest adopter of WiredScore’s ‘Wired Certification’ in Ireland with 15 of IPUT’s office buildings certified to date.
Wired Certification acts as a trusted benchmark for buildings, giving greater transparency to tenants on the digital connectivity of commercial buildings. It assesses a number of factors that determine quality of connectivity, including, ease of access to internet providers, availability of Wi-Fi in the building, and how secure and resilient the digital infrastructure of a building is.
WiredScore offers four levels of building rating for qualifying buildings including: Certified, Silver, Gold, and the highest possible rating of Platinum.
Highlights of IPUT’s Wired Certification achievements are:
Niall Gaffney, Chief Executive, IPUT plc commented: “We are delighted to be the largest adopter of WiredScore’s independent connectivity ratings in Ireland, which further highlights the first-class levels of digital connectivity that IPUT is committed to across its portfolio. As Dublin’s commercial office specialist, we understand the importance of connectivity for our tenants and Wired Certification aligns with our commitment of actively managing our assets to ensure we continue to meet, and exceed, the requirements of our occupiers.”
WiredScore launched Wired Certification in 2013 in partnership with Mayor Bloomberg and the City of New York. Wired Certification champions cutting-edge technology in commercial real estate by providing the definitive certification for rating the digital connectivity of commercial buildings. To date, in excess of 400 million square feet of commercial real estate in more than 1,400 buildings has been Wired Certified globally. International demand for the digital connectivity rating system has seen the company expand operations to the United Kingdom, Ireland, France, Germany, and Canada.
IPUT plc is pleased to announce that it has secured planning permission to redevelop and restore 30 - 32 Sir John Rogerson’s Quay, Dublin 2 which is one of the last remaining original warehouse buildings on Dublin’s quays.
This historic building, which was originally used for the importation of tropical fruit into Ireland, sits on the waterfront facing the landmark Samuel Beckett bridge. Designed by Henry J Lyons Architects this cutting-edge scheme will deliver over 70,000 sq. ft. of unique river front offices and will include a new 6 storey office block at the rear overlooking an existing public square.
The original warehouse building will be sensitively restored and the design incorporates the addition of two floating, fully glazed office floors which will cantilever over the protected structure providing panoramic views over the River Liffey.
In keeping with IPUT’s development strategy, 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 to Whitaker Square from the River Liffey activated by a café and an artist studio at street level. The overall scheme will be developed as the Tropical Fruit Warehouse in recognition of its unique history. Construction is due to commence in Q3 2018 for delivery to the market in Q4 2020.
IPUT Chief Executive, Niall Gaffney, said:
“The Tropical Fruit Warehouse will be an exceptional building, a cutting-edge, efficient modern office space which also incorporates a thoughtful restoration of the historic warehouse buildings. This redevelopment will complement our existing office holdings in the immediate vicinity which extend to over 600,000 sq. ft. and is part of our long-term strategy to provide buildings that are recognised for the highest standards in design, functionality and sustainability credentials. We are excited about the unique letting opportunity that the Tropical Fruit Warehouse represents which will further support the anticipated 20% growth in our dividends over the next 3-5 years.”
Joint letting agents for the Tropical Fruit Warehouse are Andrew Cunningham of Savills and Aisling Tannam of Cushman & Wakefield.