IPUT plc announces that the Food Safety Authority of Ireland (‘FSAI’) will be the first tenants to occupy ‘The Exchange’ in Dublin’s International Financial Services Centre (‘IFSC) when construction works complete later this year. ‘The Exchange’, which is being forward funded by IPUT plc, will be the first new office development built within Dublin’s original IFSC since 2003.

A deal has now been concluded with the FSAI to pre-let the entire first floor comprising 19,000 square feet of this six-storey, 105,000 square foot office building.

Commenting on behalf of IPUT plc which is forward-funding the development of ‘The Exchange’, Head of Investment Michael Clarke said: “We are delighted to have secured an occupier of the calibre of the Food Safety Authority of Ireland as the first tenant within ‘The Exchange’. The building’s unrivalled connectivity and LEED Gold sustainability
credentials are proving very attractive to occupiers and we are confident that the letting of the remaining space will proceed satisfactorily.”

‘The Exchange’ is centrally located on the Docklands Luas line and five minutes’ walk from Connolly Station. It is surrounded by many of the world’s leading financial services brands within the IFSC including KPMG, Wells Fargo, JP Morgan Chase, SIG and Zurich, PwC, Morgan Stanley, and BNY Mellon.

Joint letting agents Savills and JLL continue to market the remaining space at ‘The Exchange’. Upon completion in October of this year, the building will provide accommodation for up to 1,200 employees.