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U+I and Colony Capital Granted Planning For Carrisbrook House Redevelopment in Dublin

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U+I and Colony Capital Granted Planning For Carrisbrook House Redevelopment in Dublin

December 14
09:14 2018

A joint venture of U+I and investment vehicles managed by Colony Capital, has secured consent from An Bord Pleanála to radically transform and extend the landmark Carrisbrook House office building in Dublin 4. Carrisbrook House, an eight-storey building originally built in 1969 on the corner of Pembroke Road and Lansdowne Road, is to be completely refurbished to Grade ‘A’ modern office standards, with an additional 25,467 sq. ft. of office space.

With construction likely to begin in Spring 2019, the proposal will provide 52,000 sq ft of space in total, with the transformation of the building to include the development of a new 1,442 sq ft café on the ground floor and a rooftop terrace. The work will incorporate new facades, a redesigned reception area, a remodelled stair/lift core and full modernisation of mechanical and electrical services throughout.

Carrisbrook House is being developed in a joint-venture between U+I and Colony Capital, and marks the third significant office redevelopment by this joint-venture in Dublin. U+I has recently completed the full refurbishment of the 69,000 sq ft Donnybrook House in Dublin 4, while a further 73,000 sq. ft of office redevelopment is ongoing at THE HIVE in Sandyford, which is scheduled to be completed in mid-2019. Between them, the three developments will see approximately 200,000 sq ft of high-quality office space newly enabled to serve the Dublin market.

Centrally located in leafy Ballsbridge, Carrisbrook House is less than a mile from Grand Canal Dock and well served by culinary, cultural and transport links.

Arlene Van Bosch, U+I’s Development Director for Dublin, said: “We recognised the potential of Carrisbrook House when we acquired the site in 2016 and we are delighted to see the planning process move towards a positive conclusion. We are excited to partner with Colony Capital to bring this incredible potential to fruition, and we are looking forward to pressing on with the plans to transform the site. Carrisbrook House is part of an expansive, vibrant pipeline of office space that we have in Dublin, with similarly exciting developments at Donnybrook House and the HIVE, which likewise showcase U+I’s expertise in delivering the offices of the future.”

Stefan Jaeger, Managing Director of Colony Capital, said: “We are thrilled to continue our successful partnership with U+I and delighted to have secured the required consents for this prestigious and ambitious project, which adds to our growing pipeline of high-profile investments in Dublin. We are looking forward to starting construction imminently and to providing workspace of the highest-quality in a market where occupier demand remains elevated. Carrisbrook House is sure to be an enticing proposition to new tenants upon its re-entry to the market.”

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