Fidelity puts its faith in Dublin 2 offices

Lease taken on 6,300sq m block at George’s Quay House beside Dart

Georges Quay House: Fidelity International will move next month into 2,462sq m (26,500sq ft) in the former offices of Royal Bank of Canada. Photograph: Alan Betson

Georges Quay House: Fidelity International will move next month into 2,462sq m (26,500sq ft) in the former offices of Royal Bank of Canada. Photograph: Alan Betson

In the largest office letting so far in Dublin this year, investment and retirement experts Fidelity International has signed two leases to rent 6,317sq m (68,000sq ft) in the high-profile George’s Quay House in Dublin 2, opposite the Custom House. Both leases will be at a rent of €527 a square metre (€49 a square foot).

The office deal is the largest handled by owners Green Reit, who acquired the 60,400sq m (650,000sq ft) office buildings at George’s Quay and George’s Court from the Cosgrave Property Group in June 2014 for €375 million. The so-called Sapphire Portfolio also included 27,900sq m (300,000sq ft) of retail and other commercial space at WestEnd Retail Park in Blanchardstown, Dublin 15.

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