Old office refurbishments meeting demand in a busy Dublin market
An increased speed to market – within months of planning permission being granted – is proving a strong alternative to redevelopment
With demand for office space in Dublin set to boost rents to new record levels, and with Brexit expected to further boost demand, investors have been actively acquiring old office buildings which can be quickly refurbished to meet demand.
Of the 29 major office schemes currently under construction, five are refurbishment projects according to Marie Hunt of CBRE.
These include Larry Goodman’s refurbishment of the former Bank of Ireland HQ on Baggot Street and Hibernia Reit’s...
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