U+I and Colony get green light for of­fice block plan

Irish Independent - Business Week - - IN PERSON - Ron­ald Quin­lan

A BALLSBRIDGE of­fice block ac­quired for €46m in 2007 by de­vel­op­ers Bernard McNa­mara, Jeremiah O’Reilly and the late David Court­ney is set to be trans­formed in the com­ing months fol­low­ing ap­proval from An Bord Pleanála of a plan by its new own­ers to re­fur­bish and ex­tend it.

Joint ven­ture part­ners, U+I and Colony Cap­i­tal, said they would bring the 1960s Car­ris­brook House, which they ac­quired for €23.5m in 2016, up to Grade ‘A’ mod­ern of­fice stan­dards.

A to­tal of 25,467 sq ft of new of­fice space will be added in the course of con­struc­tion bring­ing the build­ing’s over­all area to 52,000 sq ft.

The re­de­vel­op­ment will also see the ad­di­tion of a 1,442 sq ft café on the ground floor and a rooftop ter­race.

Con­struc­tion at the prop­erty, which is best known as the home of the Is­raeli em­bassy in Dublin is due to com­mence in early spring 2019.

U+I re­cently com­pleted the full re­fur­bish­ment of the 69,000 sq ft Don­ny­brook House in Dublin 4, while a fur­ther 73,000 sq ft of of­fice re­de­vel­op­ment is on­go­ing at

Bal­ly­moss House in the Sandy­ford Busi­ness District in south county Dublin.

Work on the build­ing, which is be­ing re­branded as ‘The Hive’, is sched­uled for com­ple­tion in mid-2019.

Be­tween them, U+I’s three devel­op­ments will see ap­prox­i­mately 200,000 sq ft of of­fice space de­liv­ered to the Dublin mar­ket.

Ar­lene Van Bosch, U+I’s de­vel­op­ment di­rec­tor for Dublin, said: “We recog­nised the po­ten­tial of Car­ris­brook House when we ac­quired the site in 2016 and we are de­lighted to see the plan­ning process move to­wards a pos­i­tive con­clu­sion.”

Up­grade: The re­de­vel­op­ment of Car­ris­brook House in Dublin 4 is due to get un­der­way in early spring 2019

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