Tenant Sought for €18m ‘Lumen’ Building on Dublin’s Baggot Street - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 30/08/2018

Tenant Sought for €18m ‘Lumen’ Building on Dublin’s Baggot Street

#savills

CNI Editor reports

Savills & Farley Property are seeking tenants for the new-build ‘Lumen’ building on Upper Baggot Street in Dublin. Construction of the 19,200-sq. ft. office block, which is being developed by Burlington Real Estate, will take approximately 15 months, and the agents are quoting a rent of €55 per sq. ft.

This architecturally stunning development presents occupiers with an opportunity to secure their own identity as modern buildings of this size are rare in such a prime central location. Lumen will be situated on the busiest gateway to Dublin’s central business district – Baggot Street – on the banks of the Grand Canal, in a proven location with occupiers including Amazon, Bank of Ireland, Sky and LinkedIn.

The 5-storey building, with an iconic illuminated façade, will feature spectacular views over Baggot Street, including the historic Baggot Street Hospital building. Its generous roof terraces flow from bright, fully glazed offices with Dublin’s Docks to the north, St Stephen’s Green to the west and Ballsbridge to the east. One of the highlights of Lumen, is a third-floor urban terrace, providing a tranquil outdoor setting extending to 2,500 sq. ft.

The building will encompass a high-end specification built to LEED Gold standard featuring generous floor to ceiling height of 2.8m, 4 pipe fan coil air conditioning, and generous tenant amenities including dedicated showers, lockers, changing facilities, secure bicycle parking and 6 car parking spaces.

Public transport options such as LUAS and DART lines are situated close-by, and a host of amenities sit on the doorstep of the Lumen building, including restaurants, bars, coffee shops and gyms, Dublin bike stations. The home of Irish rugby and soccer – Aviva Stadium – is a 5-minute walk away. St Stephens Green is also within a short walk.

Lumen will provide efficient floor plates ranging between 1,528 sq. ft. and 4,564 sq. ft, providing flexible options for a wide variety of tenants