Agent Savills has launched the sale of an office building at 9-12 Dawson Street in Dublin 2 with a guiding price in of excess €35 mln.
The asset, which is owned by the Bank of Ireland, provides 4,461 m2 of office space currently occupied by New Ireland Assurance.
The property is being marketed as a development opportunity and is being sold with vacant possession, with New Ireland Assurance vacating in the summer of this year.
Built in the 1960s and early 1970s, 9–12 Dawson Street comprises two office buildings over five and six storeys respectively, in addition to a basement car parking and storage accommodation. The merging of the two buildings over time provided a larger office space to satisfy New Ireland’s changing business requirements.
'We believe the property’s exceptional location coupled with Dublin’s strong economic growth makes No 9–12 Dawson Street a highly attractive and unique proposition and represents a prime development opportunity,' said Mark Reynolds, director of development, agency & consultancy at Savills Ireland.
