Tall & Urban News

Office space in a converted 1880s warehouse at a top South Docklands location hit the market on the week of Feb. 18.

Construction work on Ten Hanover Quay has just begun and is set for completion during the first quarter of 2021. It will eventually extend to 6,410 square meters (69,000 square feet), and leasing company Knight Frank is suggesting an indicative rent of €700 per square meter/$795 per square meter.

The offices are being developed by Kennedy Wilson in conjunction with Nama, which has just completed the massive Capital Dock building adjacent to Ten Hanover Quay.

Capital Dock spans 1.9 hectares, with more than 64,103 square meters (690,000 square feet) of new mixed-use space, a 0.6-hectare public park and Ireland’s tallest residential building at 23 stories. Its construction involved a whopping 200,000 tons of concrete, 15,000 tons (13,607 metric tonnes) of steel and 7,500 panes of glass. Global investment bank JP Morgan and jobs site Indeed have committed to occupy all of the available office space at Capital Dock.

This location, at the confluence of the River Liffey, River Dodder and Grand Canal, is now nearly fully developed. Ten Hanover Quay may be the last building built in the area.

The south-facing offices will be in a former warehouse that was once occupied by the Raleigh Bicycle Company in the mid-1940s. A modern six-story extension is being added at the rear, and key features include triple frontage, a glazed central atrium offering light-filled work space, and a clear floor-to-ceiling height of 3.4 meters.

Repurposed office space in Dublin proved a big hit with Airbnb, which moved into the nearby former warehouse at 8 Hanover Quay in 2016. Airbnb now plans to link its 3,574 square meters (38,471 square feet) of space at 8 Hanover Quay with its offices in The Reflector building next door, where it has just agreed to lease 3,715 square meters (40,000 square feet) of office space.

Many tech companies and law firms have set up shop in this part of the South Docklands over the past decade. It now offers a good selection of restaurants, high-quality cultural space, hotels and attractive waterside promenades.

Hanover Quay is within walking distance of the DART (Dublin Area Rapid Transit) heavy rail station at Grand Canal Dock and the Luas light rail station at 3Arena in the North Docklands. A ferry also now operates on a three-point route from the 3Arena on the north side, to Sir John Rogerson’s Quay on the south side, to MV Cill Airne at North Wall Quay, and back.

Paul Hanly, a director at Knight Frank, says Ten Hanover Quay will offer a balance of contemporary warehouse design and new-build offices. “Its waterfront setting will no doubt be a very attractive proposition to occupiers [tenants],” he says.

For more on this story visit at The Irish Times.