Market
Research

market

The Irish Economy

Ireland fastest growing EU economy for 5th consecutive year

4.2% GDP growth rate 2019

+3.4% job creation continuing at pace year on year

5.3% unemployment rate at an 11 year low close to full employment

Population continuing to grow + positive net migration

Tourism numbers at record levels

Solid consumer spending and retail sales activity

Office Leasing Transactions

One Wilton Park Dublin 2

One Wilton Park, Dublin 2

Pre-Let to LinkedIn

Q4 2018

  • Size: 13,935 sq. m. (150,000 sq. ft.)
  • Headline Rent Per Sq. Ft. €52.50
Charlemont Exchange

Charlemont Exchange, Dublin 2

Q4 2018

  • Size: 11,286 sq. m. (121,484 sq. ft.)
  • Headline Rent Per Sq. Ft. €55
  • Car Space: €4,000 per space
dawson_street_dusk

One Molesworth Street, Dublin 2

Let to Clearing House Ltd.

Q3 2018

  • Size: 725 sq. m. (7,809 sq. ft.)
  • Headline Rent Per Sq. Ft. €65
  • Car Space: €4,000 per space
5 Earlsfort Terrace, Dublin 2

5 Earlsfort Terrace, Dublin 2

Let to Bio Marin

Q3 2018

  • Size: 2,415 sq. m. (26,000 sq. ft.)
  • Headline Rent Per Sq. Ft. €57
Georges Court, Dublin 2

Georges Court, Dublin 2

Let to Huawei

Q3 2018

  • Size: 11,286 sq. m. (121,481 sq. ft.)
  • Headline Rent Per Sq. Ft. €54
Sharp Building

Sharp Building, Dublin 2

Let to Perrigo

Q2 2018

  • Size: 4,132 sq. m. (44,475 sq. ft.)
  • Headline Rent Per Sq. Ft. €55
  • Car Space: €3,750 per space
Central Plaza

One Central Plaza, Dublin 2

Let to WeWork

Q2 2018

  • Size: 6,791 sq. m. (73,100 sq. ft.)
  • Headline Rent Per Sq. Ft. €60
  • Car Space: €3,500 per space
Park Place Elevation

Three Park Place, Dublin 2

Let to the IDA

Q2 2018

  • Size: 10,716 sq. m. (115,345 sq. ft.)
  • Headline Rent Per Sq. Ft. €57

Office Investment Transactions

Charlemont Exchange

Charlemont Exchange, Dublin 2

Let to WeWork

Sold Q1 2019

  • Purchaser: Vestas
  • Sales Price: €144 m (4.5% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,200
Sharp Building

The Sharp Building, Dublin 2

Let to Perrigo

Sold Q4 2018

  • Purchaser: Credit Suisse
  • Sales Price: €56.3 m (4.43% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,181
landings 1

No. 2 Dublin Landings, Dublin 1

Let to WeWork

Sold Q4 2018

  • Purchaser: Korean Fund
  • Sales Price: 106.5 m (4.20% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,074
Beckett

The Beckett Building, Dublin 3

Let to Facebook

Sold Q2 2018

  • Purchaser: Kookmin Bank
  • Sales Price: €101 m (4.13% Net Initial Yield)
  • Capital Value Per Sq. Ft. €531
40_Molesworth_Street_Inner_image_beside_text_New

40 Molesworth Street, Dublin 2

Let to Jet.com

Sold Q2 2018

  • Purchaser: State Street
  • Sales Price: €46 m (4.23% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,429
landings 1

No.1 Dublin Landings, Dublin 1

Let to NTMA

Sold Q1 2018

  • Purchaser: Triuva
  • Sales Price: €165 m (3.95% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,193
21 Charlemont

21 Charlemont, Dublin 2

Let to Viasat

Sold Q3 2017

  • Purchaser: La Francaise
  • Sales Price: €49.7 m (4.00% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,343
aercaphouse_signature_hres

LXV House, Stephens Green, Dublin 2

Let to Aercap

Sold Q2 2016

  • Purchaser: CNP Insurance
  • Sales Price: €85 m (4.33% Net Initial Yield)
  • Capital Value Per Sq. Ft. €1,385