Ardstone Capital has submitted a planning application for to build 450,000 sq ft of office space in Sandyford in Dublin.
Ardstone claim “Eden Plaza” as it will be known, will feature five high specification office buildings ranging in size from 35,000 sq ft to 150,000 sq ft. The scheme is designed to be landscaped tand incorporates a park at its centre, which is overlooked by all of the buildings. The office design will see large floor plates with 18m spans and be “column-less” – among the first such buildings in Ireland.
The anticipated cost of constructing this new scheme is in excess of €120m. Ardstone has been a significant player and active investor in the Dublin market since mid-2013, having acquired eleven separate assets.
JLL and DTZ have been appointed as joint letting agents.
“We have seen a sharp increase in demand for office space in suburban Dublin and with rental levels increasing in the city centre, Eden Plaza can offer an affordable solution that is a mere 20-minute Luas journey from the city centre. It is a master-planned campus environment where tenants can benefit from the superb array of amenities on their doorstep and fantastic transport links – both road and rail,” the agents claimed.
There are number of large FDI occupiers looking to establish their headquarters in Dublin and Sandyford is a pre-eminent location. Companies such as Microsoft, MSD, SSE, Salesforce, ICON, Merrill Lynch, RSCI, AIB and Fannin Healthcare all have their headquarters there.”
Ardstone are being advised by development managers Urban Solutions, architects are Henry J Lyons.