TIO have reached practical completion of North Dock One and Two, Dublin’s first NZEB (Near Zero Energy Buildings) office buildings. The new office buildings, overlooking the River Liffey beside the 3Arena, set a new standard in sustainability and contribute to protecting the environment while significantly lowering the running costs for its occupiers.
Extending to over 200,000 sq. ft., the North Dock scheme is spilt between two blocks, North Dock One is 95,000 sq ft and North Dock Two 107,000 sq ft.
A major Californian Biopharmaceutical company (Gilead) committed to over 30,000 sq ft in North Dock Two during lockdown and have started their fit out of these floors. Heads of terms are agreed with a confidential NASDAQ listed entity for a further 15,000 sq. ft in the same building.
The nine-storey buildings are sustainably designed to achieve LEED Gold, BER of A3 and NZEB compliance. A focus has been placed on passive design measures to reduce overall energy consumption. As well as being cheaper to run, these landmark office buildings have column free floors, full height glazing, impressive water frontage and magnificent views over Dublin Bay.
The current Government, with its increased focus on environmental factors, will no doubt be heartened to see sustainable new buildings like North Dock coming to completion. Public Sector occupiers are obliged to lead by example by favouring buildings which comply with NZEB standards. The NZEB standard will apply to all new buildings occupied after the 31st December 2020. For Public Sector bodies, the standard will apply to all new buildings owned and occupied by the 31st December 2018. To date this has been difficult as there have been none available but North Dock is the first of a number of buildings under construction which will achieve this benchmark.
Located in Dublin’s Docklands, immediately adjacent to Point Square and the 3 Arena, this area is quickly becoming the focus of lunch time and evening social activity on the North side of the Liffey. With an eclectic mix of amenities including two hotels, student housing, the Odeon Cinema and an ever-increasing number of restaurants and coffee shops all contributing to this vibrant area.
North Dock, in addition to its high-profile river front location and large column free floor plates is also ideally located for commuters and visitors. The Luas terminus at Point Square is directly to the rear of the buildings and this connects to the DART and mainline rail at Connolly Station as well as the bus services at Busaras. International travellers can access the Airport within 15 minutes via the Port Tunnel which also eases the approach for car drivers coming from the North or West of the City. Those coming from the Southside can just slip across the East Link bridge outside the front door.
TIO are one of the most successful developers in Dublin Docklands. They have previously developed and sold the Grant Thornton HQ on City Quay, 5 Hanover Quay which is occupied by Aptiv and DocuSign, and the adjoining OPUS residential apartments at 6 Hanover Quay.
TIO have recently completed the striking new 76 Sir John Rogerson’s Quay office building which is attracting strong interest and are within months of completing the new residential scheme to its rear, The Benson Building, which has already been sold.
Joint agents Savills and JLL are seeking a rent of between €52.50 and €55.00 per sq ft for the remaining space in North Dock Two.