Green REIT PLC Letting of 12,800 sq ft at One Molesworth Street (0207V)
31 October 2017 - 6:00PM
UK Regulatory
TIDMGRN
RNS Number : 0207V
Green REIT PLC
31 October 2017
Green REIT lets 12,800 sq ft at One Molesworth Street, Dublin
2
Dublin, 31 October, 2017 | Green REIT Plc, ("Green REIT", or
"the Company"), announces that it has signed an agreement with
Goshawk Management (Ireland) Limited ('Goshawk') to lease 1,200
square metres (12,800 square feet) of lettable space at the
Company's flagship office development at One Molesworth Street in
Dublin 2.
The letting comprises the fourth floor plus five car spaces, on
a 20 year lease, with a tenant break option at the end of year 13.
The annual rent payable by Goshawk is EUR0.85 million, which
equates to EUR700 per square metre (EUR65 per square foot) per
annum for office space and EUR4,000 per car space per annum, with
the tenant entitled to a nine month rent free period at the outset
of the lease. Goshawk is expected to take occupation in the spring
of 2018.
Goshawk (www.goshawk.aero) is an established and growing
aircraft lessor based in Dublin with over 50 employees in Dublin,
London, Hong Kong, Shanghai and Miami.
Following this letting and the letting to Barclays Bank Ireland
plc announced in July 2017, 73% of the total office space at One
Molesworth Street has now been let. The remaining office space,
totalling 1,670 square metres (18,000 square feet), comprises the
balance of the third floor (which is subject to a Barclays right of
first refusal) and the fifth floor.
Paul Culhane, Development Director of Green Property REIT
Ventures, commented: "One Molesworth Street is our flagship office
building at the heart of Dublin's central business district, and to
have secured such a high calibre tenant as Goshawk is yet another
strong endorsement of the quality of the development as well as its
location. We look forward to leasing up the balance of the building
against the backdrop of low vacancy and robust occupier demand in
Dublin city centre."
ENDS
Contacts
Green Property REIT Ventures (Investment Manager to the
Company)
Niall O'Buachalla
+353 (0) 1 2418400
FTI Consulting (IR and PR to the Company)
Dublin: Jonathan Neilan
+353 (0) 1 6633686
London: Giles Barrie / Claire Turvey
+44 (0)20 3727 1000
greenreit@fticonsulting.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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