IPUT Real Estate Dublin | COVID-19 Update

09 April 2020

With the rapid spread of COVID-19, the first quarter of 2020 has been dominated by people across the world contending with disruptions to their personal and professional lives.

In a very short time, the impact of COVID-19 on all economies and markets has been significant. It is unclear how long and how severe the impact will be, but IPUT remains focused on managing all the factors within our control to protect the health & wellbeing of our people and our occupiers, while ensuring we are making a positive contribution to our city.

We are acutely aware of the impact the current Government imposed restrictions are having on businesses generally and our occupiers specifically. We are working with affected occupiers on a case-by-case basis to help them navigate the challenges created by COVID-19 restrictions. Our multi-let buildings are open but fully compliant with Government public health measures and HSE guidelines. We are supporting our tenants to ensure essential work can be carried out safely. Our development sites at Wilton Park and the Tropical Fruit Warehouse are currently closed and secured; and, we are carefully planning with our various contractors to ensure we can re-commence those projects efficiently, and with minimal delays, once Government restrictions have lifted.

As a custodian of our city, we are committed to making a positive contribution to society by sustainably redeveloping our properties, actively managing our estate and working closely with our stakeholders. We are also committed to enriching our buildings and our city for the long-term with our investment in placemaking. While recognising the limitations on movement, our urban parks at Earlsfort Terrace and Wilton Park remain open and offer some respite to their local neighbours during these difficult times. We very much look forward to the lifting of restrictions when more of the city’s residents can enjoy these facilities; and we can continue to invest in them for the benefit of the surrounding communities.

As we all work through the COVID-19 crisis, we extend our gratitude to the IPUT team and our other stakeholders who continue to work hard every day in challenging circumstances. Everyone at IPUT also recognises the invaluable work of Ireland’s frontline staff to whom we are all deeply indebted and who are ensuring that essential services continue to function at a time when we need them most.