OfficeMarket:CMC Markets, a prominent company trading in financial derivatives, is the latest to move into the newly enlarged and upgraded office block at 1 Hatch Street, Dublin 2.
The block was formerly the headquarters of the then Independent Newspapers and was bought by a Swedish investor about three years ago for €9 million.
The remodelled seven-storey block is producing a rental income of €1.5 million, suggesting a significant enhancement in its valuation.
CMC Markets is paying a top rent of €538 per sq m (€50 per sq ft) and €4,000 for car-parking spaces. The lease provides for break options in years seven and 15. Other tenants in the 2,750sq m (29,600sq ft) building are business consultants Deloitte and Touche and global reinsurance company XL Re.
Atisreal, who handled the letting, acquired the building for the present owner. Knight Frank Ganly Walters advised CMC Markets.
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