Developer David Daly back with Ballsbridge office for rent

Site for six-storey, 25,000sq ft 140 Pembroke Road originally bought for €25m

 

A newly built office block next to Hume House in Ballsbridge, Dublin 4, which goes for letting from Wednesday, will mark the return of David Daly to the Dublin development sector after nearly a decade.

Mr Daly’s Albany Homes was one of Dublin’s largest and most successful housebuilders before the property crash; he had also assembled a substantial portfolio of commercial properties.

Lisney is launching a marketing campaign today for 140 Pembroke Road, which has been fitted out to the highest standards and is available for letting at €624/sq m (€58/sq ft).

The six-storey, over-basement block has an overall floor area of 2,322sq m (25,000sq ft), making it an ideal headquarters for a company with 200- 250 employees. The building has triple-glazed windows, floor-to-ceiling heights of 2.9m, raised access floors, suspended ceilings, Concept bathroom fittings and an A3 BER rating.

The fit also includes two terraces, two passenger lifts, nine car parking spaces, 30 bicycle spaces and eight showers.

140 Pembroke Road has been developed on a site previously occupied by Franklin House, which was sold for €25 million by property developer Gerry Gannon in 2006.

Ballsbridge is currently a hive of construction activity, with 160,000sq ft of new office accommodation under construction and another 510,000sq ft in the pipeline.

Maeve Furlong of Lisney says that many of these developments will offer building sizes in excess of 50,000sq ft – about double the size of Mr Daly’s new building.