106,000 sq. ft. of Grade A office space is now fully let.
IPUT plc in partnership with Cosgrave Property Group, announces that the leasing of The Exchange has been successfully completed, with Mediolanum Bank, PartnerRe and
Coinbase taking the remaining three floors comprising 60,000 sq.ft. The three new occupiers join existing leading occupiers, Walkers Global, The Food Safety Authority of Ireland and Ronan Daly Jermyn with all tenants taking long term lease agreements.
The Exchange is a five-storey office development comprising 106,000 sq. ft. of Grade A office space which is certified to a LEED Gold environmental standard.
The successful completion of the leasing programme for the building will deliver an income return in excess of 6% for IPUT and has created significant value for the Fund’s shareholders.
IPUT Head of Investment, Michael Clarke, said:
From the outset, the IPUT team worked successfully with Cosgrave Property Group in the development and leasing of this scheme which has delivered another international quality office asset to the IPUT portfolio. The successful development and letting of The Exchange reflects IPUT’s strategy to regenerate our portfolio and deliver
enhanced income and capital returns for our investors.
JLL and Savills advised IPUT and Cosgrave Property Group on all lettings.