Certus to offload office space in Dublin, Limerick and Cork

Entire floor of landmark St Stephen’s Green block now available to rent

124 St Stephen’s Green: Certus offices in Dublin

124 St Stephen’s Green: Certus offices in Dublin

 

The company plans to close its offices in Belfast, Cork and Limerick and reduce its office space in Dublin.

The cutbacks follow the company’s success in offloading a large proportion of the legacy loans originally negotiated by Bank of Scotland (Ireland) and Halifax. The loan book stood at €27.4 billion in 2010 but has since been reduced by more than half.

Dublin agents Brown Corrigan Chartered Surveyors are unlikely to have much difficulty in finding a replacement tenant for an entire floor of the distinctive office block at 124 St Stephen’s Green which is owned by the Doyle family of hotel fame. There is currently a scarcity of large office floor plates in the city centre.

The agents are quoting a rent of €500 per sq m (€46.45 per sq ft) for the fourth floor which extends to 1,519 sq m (16,351 sq ft) and includes five on-site car parking spaces. A new tenant will be able to avail of the existing reception and canteen facilities.

The layout includes a mixture of open plan, with 180 work stations, and individual meeting rooms. The building is directly opposite the Luas stop on St Stephen’s Green and only two minutes’ walk from the top of Grafton Street. The lease has around five years to run.

Joint agents

Murphy GubbinsAidan Brooks

In Cork, Brown Corrigan and Lisney will be quoting a similar rent for two floors of an office block at 2 George’s Quay which was recently upgraded and is among the best available in the city.

The flexible lease will include four on-site car parking spaces. The office space to be let can vary from 353 to 722 sq m (3,799/7,771 sq ft). The impressive fit out includes an entrance foyer, glazing with views over the river Lee, air conditioning, raised access floors and IT facilities.