Dublin,
18
February
2019
|
12:30
Europe/Dublin

Elmpark Green Development Completes With Launch of Seamark Building

Iconic Dublin 4 space is Dublin’s largest office building ready for tenant fit-out with significant rental savings over city centre

Dublin, February 2019 - Chartered Land has announced that the major €45 million transformation of the eight storey 182,500 sq ft Seamark Building at the Elmpark Green campus in Dublin 4 is now complete. The completion of the Seamark Building, prominently located at the front of the campus with panoramic views over Dublin Bay, brings an end to the core redevelopment work at the site.

The high-quality Grade A office building is the latest enhancement to the 750,000 sq ft office and residential campus located on Merrion Road. The Seamark redevelopment works included a full reconfiguration of the building cores and a complete transformation of its interiors to the highest international standards, achieving BER A3 and LEED Platinum environmental ratings.

Chartered Land has delivered ongoing enhancements to the overall campus including the development of an 8,300 sq ft gym, Giraffe creche, "The Art of Coffee" café and full concierge service. The campus has also seen the establishment of The Club, which provides a regular programme of events and activities for tenant companies, employees and residents to promote a healthy work/life balance.

Alan Moran of CBRE and Nick Coveney of Colliers, Joint Leasing Agents on the Seamark Building said: "The Seamark Building delivers an excellent, ready to occupy, office building that can cater for a range of size requirements. The LEED platinum offices provide all the best in class performance specification which is further enhanced by, without doubt, the best views in the city."

The Seamark Building, located near Dalata’s new hotel development on the Merrion Road, offers state of the art facilities and amenities for tenants in Dublin 4, close to the city centre. With up to 45% rental savings for occupiers compared with prime city centre rents, the Seamark represents significant value in an ideal location for large tenants that are looking to locate in an attractive and well-connected part of Dublin.

Given its attractive Dublin 4 location, adjacent to Ballsbridge and close to the city centre, the Seamark Building represents superb value for prospective tenants to join prominent businesses such as Allianz, Novartis and Willis Towers Watson who are already in situ on the Elmpark Green campus. Once fully let, the Seamark will be able to accommodate up to 2,000 people, bringing the overall number of residents and employees on site to 4,850.

The Seamark has been designed with full flexibility in mind. The building can be split into two blocks which work independently of each other or can be seamlessly combined. Each block is also suitable for letting on a floor by floor basis. The office is quoting a rent of €35.00 per sq ft on Net Internal Area, equivalent to €28 per sq ft on Gross Internal Area and the floorplates, which provide exceptional natural light, can provide for a range of occupier requirements from 10,000 sq ft up to 182,500 sq ft.

The Elmpark Green campus is well-served with public transport links including a nearby DART and enjoys easy access to the City Centre, Port Tunnel, Dublin Airport and M50.

The campus offers a dedicated shuttle bus connecting the campus with the N11 as well as Go Car and Bleeper Bike share services.

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 150 employees, we work with occupiers, investors and developers of office, industrial and logistics, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie

About Chartered Land

Chartered Land has developed close to 2 million sq. ft. with a focus on large scale developments in core sectors and is responsible for delivering a number of the most prestigious and innovative real estate developments in Ireland including the Dundrum Town Centre; the Bord Gais Energy Theatre and Grand Canal Square office scheme in the heart of Dublin’s docklands; Swords Pavilions and a mixed-use retail led development on South King Street, Dublin 2.