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Green REIT commences construction of Building I in Central Park

Green REIT Plc has commenced the construction of Building I at Central Park, Leopardstown, Dublin 18. This follows the completion and letting of the entire of the adjacent Building H, which comprises 14,700 square metres (158,000 square feet) of lettable space, to Allied Irish Banks plc in May 2017. Building I will extend to approximately 9,300 square metres (100,000 square feet) of lettable space, together with 156 basement car parking spaces, and will be available in its entirety or on a floor-by-floor basis. Having already excavated the double level basement car park as part of the development of the adjacent Building H, Building I is scheduled for delivery in Q4 2018.
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Green REIT Plc

Building I is being developed with column-free floor plates, with a standard floor plate extending to 1,230 square metres (13,200 square feet), which will be a first for a suburban Dublin office building. The building will also have the benefit of employee facilities such as dedicated shower and bike storage, with large terraces on the penthouse floor offering excellent views across the Dublin Mountains.

Central Park is Dublin's premier office park, with full occupancy throughout the 79,000 square metres (850,000 square feet) of built space and a total contracted rent of €23.7 million per annum. Following the completion of Building I in Q4 2018, the remaining 4.5 acres of developable land at Central Park will provide further optionality to Green REIT for additional development, where planning consents are in place for a minimum of a further 28,000 square metres (300,000 square feet) of office space.