An Post, the provider of postal services in the Republic of Ireland, has agreed to lease 77,300 sq. ft across 5 floors at Ireland’s tallest office building – The EXO in Dublin’s north docklands.
The deal – the largest office letting in Ireland of 2022 thus far – was announced this morning by joint leasing agents Savills and CBRE on behalf of the NAMA receiver, Stephen Tennant of Grant Thornton.
70% of the building – due for completion at the end of March – is now leased or reserved, with a separate deal for 35,000 sq. ft. agreed with a leading Irish fintech company. Both deals have been agreed on a 15-year term.
According to Savills and CBRE, there is now strong interest in the remaining space at The EXO in the buildings’ tower section. These prestigious floors – each extending to 5,500 sq. ft. – offer uninterrupted 360-degree views of the city and a range of tenants are seeking to locate their operations in what are Dublin’s highest office floors.
Taking its name from its large-scale exoskeleton steel structure, The EXO stands at 17 stories in height and is raised at ground level by approximately 8m. The building not only boast some of the most unique views in the city, but it is also targeting and achieving the highest sustainability credentials available. The EXO is already LEED Platinum Certified (first of its kind to achieve this before project completion), NZEB, Wired Platinum and a Building Energy Rating of A3.
When complete, the overall development will comprise workspace for in excess of 1,950 people, with an impressive 1,000sq.m. roof garden. This will be complemented by an adjacent 10.5m high cubic glazed bar and restaurant
Ned Truman, Managing Director at SW3, said “We are delighted that such a prestigious Irish institution has chosen the EXO for its new home. We believe that by An Post choosing this iconic building it is a testament to the quality of the design and sustainability credentials that occupiers require in their workspace to attract and retain talent.”
Commenting on the uptick in activity in the Dublin office market, Shane Duffy of Savills said: “As reported in the most recent Dublin office take-up statistics, the market has reignited amongst international and domestic corporates alike, with a number of sizable deals completing in Q4 2021, such as the leasing of 220,000 sq. ft to TikTok at The Sorting Office and 280,000 sq ft to KPMG at Harcourt Square. With a further 1 million sq. ft. of space reserved, there is a positive headwind for the Dublin office market going into 2022.”
An Post were advised by Ronan Corbitt of Cushman & Wakefield and the landlord by Shane Duffy of Savills.