Joint agents JLL and Cushman & Wakefield are delighted to bring this new Grade A office building of 52,785 sq.ft. to the market. Lake Drive is a prestigious new development located in the heart of Citywest.
The recovery within the office market over the past few years is evident by the number of new City Centre developments currently under construction to address the increased annual take up of office space. The suburban office market typically accounts for 40% of the annual take up between a combination of existing occupiers expanding together with new entrants seeking value driven options and therefore the suburban market is now experiencing increased levels of demand for Grade A Office and new speculative construction. Davy Hickey Properties, in response to these market conditions now launch their newest office building to the market this week: 3009 Lake Drive, Citywest Business Campus.
Joint agents JLL and Cushman & Wakefield are delighted to bring this new Grade A office building of 52,785 sq.ft. to the market. Lake Drive is a prestigious new development located in the heart of Citywest, Ireland’s award winning Business Park, benefiting from an expansive range of amenities within the campus including an extensive road and public transport network to include the Luas which provides a direct connection to the IFCS in the city.
Lake Drive is the latest office on the campus planned in two blocks totaling over 115,000 sq.ft. that overlook the iconic Pool of Tara lake. The first of these buildings, No 3009, will be completed this May. The building is superbly designed to create a sense of space, with spectacular views of the renowned campus landscaping and offering maximum flexibility with common areas finished to the highest specifications and highly efficient floor plates of 17,000 sq.ft. Finishes include, 4 pip fan coil Air conditioning, suspended ceilings, raised access floors, showers on each floor and everything you would typically expect from a Grade A office space. Car parking continues to be an essential necessity for incoming occupiers and Lake Drive can provide a very generous car parking ratio with 165 spaces available with each building.
The building will have a LEED Gold and BER A3 energy rating.
Davy Hickey’s vision for Citywest to create a unique vibrant community is evident in the range of companies who have chosen to locate in Citywest Business Campus. With over 150 companies in sectors including Pharma, IT Software, Telecoms, Electronics, Food and News, the campus offers a unique and dynamic environment where businesses can thrive. To complete their masterplan Davy Hickey Properties will shortly be releasing their first phase of residential development in Citywest – Citywest Village. Mostly 3 and 4 bedroom houses, these affordable and quality homes take inspiration from the Old Dublin villages with traditional red brick facades, granite cills and slate roofs.
Ger Carr of JLL states “This building is an ideal HQ opportunity within an already established and hugely successful office park and given the caliber and timing of the building we expect a lot of interest”
Karl Byrne of Cushman & Wakefield states ““Lake Drive is the latest office development on the Citywest Campus and will accommodate a vast range of occupier requirements from 17,000 sq. ft. up to 115,000 sq. ft. 3009 will be completed and ready to go by May 2017”.
The joint agents are quoting a competitive rent of €27.50 per sq. ft. for the office accommodation and €800 per car space per annum. A dedicated Marketing Suite overlooking the building is now available to inspect.
For further information please contact the Office Agency teams at JLL, 01-6731600 or Cushman & Wakefield, 01-6399300.