News and deals from around Ireland.
Belfast

A raft of new office space is about to come on to the market.

Millennium House in Great Victoria Street is due to be completed in June. The speculative development offers 13,900 sq m (150,000 sq ft) of office space. Jago Brett of Lambert Smith Hampton, agent for the scheme, said many occupiers have shown preliminary interest.

A Northern Irish developer that did not wish to be named has obtained one of the last available city centre sites. The developer paid £5m for the former Charles Hurst car dealership site.

Used as a car park for the last three years, the site will be developed into a courtyard office development. The agent was Lambert Smith Hampton.

Developer Heron Brothers has acquired a site at Sydenham Business Park, adjacent to Belfast Airport, for a 5,570 sq m (60,000 sq ft) call centre. The developer has submitted a planning application and hopes to be on-site by July.

The Northern Science Park Foundation has chosen well-known shipping giant Harland & Wolff’s Titanic Quarter as its Belfast base.

What will be the first science park in Northern Ireland is also the first large tenant for the development and will occupy 9.3ha (23 acres) of the 44.5ha (110 acre) site. The foundation took a 125-year development lease for an undisclosed sum.

Cork

Fitzpatrick Hotels has sold its Cork property to Dublin-based Moran Group for more than IR£14 m.

The 110-room Fitzpatrick Silver Spring Hotel was bought by the company in 1987. The Fitzpatrick Group has retained its hotels in Killiney, Co. Dublin and Bunratty, Co. Clare.

The 41,800 sq m (450,000 sq ft) Cork Airport Business Park has had several recent lettings. These include financial services company Citco, which took 3,800 sq m (41,000 sq ft); pharmaceutical company Warner Lambert, which took 1,490 sq m (16,000 sq ft); Black & Decker, which took 1,390 sq m (15,000 sq ft), and Motorola, which took 1,020 sq m (11,000 sq ft). All were let at rents between £134.50-£140/sq m (£12.50-£13/sq ft).

Around 7,430 sq m (80,000 sq ft) remains available at the park and the letting agent is Lisney.

Dublin

Jermyn Investment Properties secured Ireland’s largest pre-let at its 157,930 sq m (1.7m sq ft) Central Park office scheme in Sandyford. Mobile phone company Eircell will take 24,430 sq m (263,000 sq ft) at £193.75/sq m (£18/sq ft). First Active is also taking 6,970 sq m (75,000 sq ft) at the same rent.

Fashion accessories retailer Cl@ire’s Accessories is seeking 25 units of 37-74 sq m (400-800 sq ft) in high street locations throughout Ireland.

The initial units will be in Dublin and the chain hopes to have its first five Irish shops open by the end of this year. Jones Lang Lasalle is acting for the retailer.

Ireland’s first Telehouse, a telecoms facility providing hugely increased broadband communications with North America and Europe, is due to open early this summer at the National Digital Park. The park is a public-private partnership providing custom-built space just outside Dublin for hi-tech and e-commerce companies.

The telehouse is the latest stage in the development of the 40ha (98 acres) National Digital Park, which is part of the City West Business Campus.

Parkgate Business Centre is now fully let, with NatWest taking 2,400 sq m (26,000 sq ft) and Baltimore Technology taking 5,575 sq m (60,000 sq ft). The rents were up to £269/ sq m (25/sq ft). Letting agent was Lisney.

Swords Business Park, the former Motorola complex near Dublin Airport has achieved a letting of 3,900 sq m (42,000 sq ft) at £150/sq m (£14/sq ft). Letting agent is DTZ Sherry Fitzgerald.

Green Property’s Styne House in Hatch St, Dublin has let 3,440 sq m (37,000 sq ft) to three tenants at a rent between £322- £376/sq m (£30-£35/sq ft). The tenants were Labyrinth, SEI Global Investment Services and Scottish Mutual.

The Newlands Cross development to the west of Dublin on Naas Road, let 1,022 sq m (11,000 sq ft) to Bank of Ireland for an undisclosed rent. Letting agent was Jones Lang LaSalle.

Morrison Developments has entered into a joint partnership with Dublin-based Shelbourne Developments to develop a 197-bedroom hotel and an 8,025 sq m (86,400 sq ft) retail site on the corner of Parnell Street and Moore Street. The scheme is expected to be finished by the end of 2001. 

Regional Survey - Ireland