Green REIT plc’s newly-completed office building at Central Park

Green REIT Plc has signed an agreement with Allied Irish Banks plc to lease the entirety of its recently-completed office building at Central Park in Dublin 18.

This letting will bring Central Park to full occupancy of the 79,000 sq m (850,000 sq ft) of lettable space with total contracted rent of €23.7 million per annum.

AIB’s new offices at Central Park comprises 14,701 sq m (158,244 sq ft) of lettable space on a 20-year lease from May 2017 at €4.8m rent per annum.

According to Paul Culhane, Development Director of Green Property REIT Ventures, “securing a tenant of this calibre confirms Central Park’s status as Dublin’s premier office park.

“It also highlights the value proposition for tenants in Central Park, which has city centre-quality offices, but at rents of less than 50% of those in the city centre.”

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