East Point Business Park in the Dublin docklands - one of the major symbols of Ireland's decade-long property boom - continues to attract tenants even as the demand for office space elsewhere in the city slows down.
More than 1.2 million sq ft of high quality offices are already occupied and three further buildings of 120,000 sq ft will be completed by the end of the year by the developers, Earlsfort East Point.
The huge success of the complex stems in part from its reputation as a location offering value for money at rentals of up to £18 (€22.86) per sq ft. It is within 1.5 miles of the city centre and the IFSC.
The latest letting of 15,000 sq ft has been agreed with OSK Accountants and Business Consultants, which is relocating from Baggot Street and Swords. It is one of the fastest growing accountancy and business consultancy practices, ranking 13th in the country and employing over 70 people. With plans to increase staff numbers over the next few years, Sean Fitzpatrick, managing partner, says it chose East Point because the business park provides a flexible working environment and is easily accessible from both sides of the city.
In addition, Cisco Systems is fitting out 58,000 sq ft in a separate block and will move in in December. Another company Investec (formerly known as Gandon) has leased 12,500 sq ft in another building after relocating from the IFSC.
East Point's solid appeal is likely to be further reinforced with the completion of the adjoining port tunnel which is under construction and due to be completed in 2005. Joint agents are Palmer McCormack, Jones Lang La Salle and Hamilton Osborne King.
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