Dublin’s tallest office building will house 2,000 workers

The Exo is set to be built in Point Square over two years

Estate agents are poised to begin seeking tenants for what will be Dublin’s tallest office building, the Exo at Point Square on the city’s docks. The 73 metre high structure could house up to 2,000 workers. Video: Savills

 

Dublin’s tallest office building is to be built over the next two years at Point Square on the city’s docks.

Estate agents are to begin seeking tenants for the building, called the Exo.

The 73m structure will be Dublin’s tallest office building.
The 73m structure will be Dublin’s tallest office building.

Developer Harry Crosbie originally owned the site that will house the Exo. State agency Nama appointed Receivers Stephen Tennant and Paul McCann of Grant Thornton in 2013 after taking control of his property empire, which owed it up to €500 million. The Three Arena and the Bord Gáis Theatre were also caught in the receivership.

It is set to be built in Point Square in the capital
It is set to be built in Point Square in the capital

Mr Tennant and Mr McCann plan to appoint a contractor to build the 73m structure, which could house up to 2,000 office workers once it is completed.

Estate agents are looking for tenants for the yet-to-be-built tower
Estate agents are looking for tenants for the yet-to-be-built tower

Roland O’Connell of Savills said the property company – which is agent for the building along with CBRE – would begin the search for potential tenants now that construction had moved a step closer.

“We will be out pounding the pavement,” Mr O’Connell said. He added that Savills has had “some conversations” with companies in the market for offices in Dublin.

Construction will take two years, which is generally the lead-in time required to secure larger companies.

Mr O’Connell is expecting that Brexit could draw more commercial tenants to Dublin, but argues that it is the icing on the cake, as the capital’s office market is already strong.

The Irish Times reported on Wednesday that developer Johnny Ronan, now well out of Nama, is lodging plans to build the tallest building in Dublin on a site adjoining Tara Street railway station, topped by a restaurant and bar with panoramic views over the city.

The proposed tower would be higher than the Exo, rising to a height of 88m (nearly 290ft), compared to 59m (194ft) for Liberty Hall, just across the river Liffey, which was Dublin’s tallest building for decades until it was outstripped by Monte Vetro, the Google HQ in Grand Canal Dock, at 67m.

Artist’s impression of Tara House, intended to be a “landmark gateway” marking the transition between Dublin’s historic core and the contemporary architecture of Docklands.
Artist’s impression of Tara House, intended to be a “landmark gateway” marking the transition between Dublin’s historic core and the contemporary architecture of Docklands.