Iput secures largest suburban office letting of 2022 at Carrickmines Park in south Dublin

HSE signs 15-year lease on two floors at the Iveagh Building while Thérapie Clinic expands existing operations

Irish property group Iput Real Estate has secured the largest suburban office lettings so far this year with the Health Service Executive signing a 15-year lease for 33,000sq ft in the Iveagh Building at Carrickmines Park in south Dublin.

The agreement brings Carrickmines Park to full occupancy, coming as it does in tandem with the decision by Thérapie Clinic to expand its existing presence at the scheme by signing for an additional 2,500sq ft of space. Thérapie is expected to occupy its new premises in the Iveagh Building within the coming months. The company, which is best known as a provider of healthcare and medical aesthetic services, including laser eye surgery and Botox treatments, already owns and operates a fertility clinic at Carrickmines Park.

Commenting on the HSE’s decision to locate at the south Dublin scheme, Martina Queally, chief officer at HSE Community Healthcare East said: “Community healthcare services in Ireland are undergoing a period of significant investment and change. Pursuant to the Government’s Sláintecare vision, we are working towards delivering a programme of enhanced community care which involves reorientating services towards community settings and reducing dependency on our acute hospitals. We look forward to taking up residence in Carrickmines Park to support our expanding workforce to continue the roll-out of this new model of care.”

Kellie O’Brien, senior asset manager at Iput Real Estate added: “The success of these long-term partnerships is a result of our continued investment in Carrickmines Park where we continue to enhance both the visitor and occupier experience and strengthen its position as Ireland’s leading out-of-town retail park. In particular, the letting to the HSE, one of the largest deals for suburban office this year, reflects the attractiveness of Carrickmines Park as a destination and further affirms our view of the resilience of out-of-town parks as an asset class.”

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The HSE was represented in its negotiations by Mark Smyth of MSP Consulting while Iput was represented by Conor Egan of Savills.

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Property Editor of The Irish Times