Docklands Dublin

CB3 DOCKLANDS DUBLIN

COMMERCIAL & RESIDENTIAL DEVELOPMENT OPPORTUNITY CONTENTS

5 3 Introduction 8

Location CB 10 DOCKLANDS Accessibility DUBLIN 12

Docklands Occupiers 14

Dublin Amenities 16

Strategic Development Zone COMMERCIAL SITE 18

Lot 1 - Residential Site 26

Residential Market Overview 29

Lot 2 - Commercial Site RESIDENTIAL SITE 34

Office Market Overview

Indicative Outline Only 37

Contacts & Further Information

2 3 CB3 DOCKLANDS DUBLIN

INTRODUCTION

AN EXCEPTIONAL OPPORTUNITY TO ACQUIRE A KEY LANDBANK IN THE DOCKLANDS WITH PLANNING PERMISSION

LOT 1 RESIDENTIAL LOT 2 COMMERCIAL On the instructions of David Carson Statutory Receiver, Cushman & Wakefield and Savills are pleased to present CB3 Docklands, an exciting and rare opportunity to acquire two adjacent significant sites in the Docklands with planning permission.

CB3 Docklands represents a unique opportunity to develop a key city centre landbank of approximately 2.39 hectares (5.91 acres) in its entirety. This is one of the most prominent large scale development opportunities within the City Centre, strategically located within the heart of the Docklands.

This exceptional development opportunity is offered for sale in three lots;

LOT 1 1.44 hectares (3.55 acres) with planning permission for approx. 347 no. residential units, hereinafter referred to as ‘The Residential Site’ LOT 3 LOT 2 The Entire 0.95 hectares (2.35 acres) with planning permission for a substantial commercial scheme comprising predominately office accommodation over three blocks extending to approximately 30,890 sq m (332,497 sq ft) NIA’ hereinafter referred to as ‘The Commercial Site’

Indicative Outline Only Securing a site with such scale and in such a central location is a real rarity in the Dublin land market. This sale offers the purchaser(s) the opportunity to acquire either the residential or commercial site solely, or the combined holding.

4 5 CB3 DOCKLANDS DUBLIN

STRONG GROWTH ACROSS LEADING INDICATORS RECORD OFFICE TAKE-UP IN DUBLIN

€

GDP rising by Ireland continues to experience 66,800 net new jobs Irelands’s population 13,600 additional office A record 305,000 ICT, prof. services and finance Grade A vacancy 7.8% per annum the fastest rate of economic added in the last growing by over 50,000 based jobs created in sq m of office space and real estate companies all in CBD growth in the EU twelve months persons per annum Dublin in last two years taken-up in 2017 significant takers of space (Inc. Docklands) 3.9%

DEMAND FOR PRIVATE RENTED ACCOMMODATION OFFICE RENTS 32,500 44% 85%

additional PRS of Ireland’s urban Almost ¼ of all Lack of institutional Landlords €678 psm Prime Office rents increased households in Dublin dwellers live in households in Dublin – 85% of landlords in Ireland Headline Rents CBD 5% in 2017 since 2012 Dublin now rent privately own two or fewer properties

RESIDENTIAL RENTAL MARKET CONDITIONS SOLID CONSUMER SPENDING TRENDS YEARS 5.2% 4

Fewer than 1,350 properties Near-record low 60% below the long- Dublin Rents Real aggregate household Sustained consumer credit 4 consecutive years Core (ex. Motors) retail available to rent in Dublin in vacancy rate in run average number increasing approx. disposable income growth further boosting of annual consumer sales volumes growing February 2018 (Daft.ie) Dublin of 1.4% of available properties 5.2% per annum growth of over 5% in 2017 consumers’ spending power spending growth by 6.2% per annum

TRANSPORT HUB LUAS DUBLIN BIKE BUS RAIL PORT AIRPORT 1 minute walk 2 minutes walk 2 minutes walk 2 minutes walk 5 minutes walk 12 minutes drive

6 7 CB3 4 DOCKLANDS DUBLIN

11 12 7

13 3 10 1 6 8 9

2 15 14 5

LOT 2 COMMERCIAL

LOT 1 RESIDENTIAL

Indicative Outline Only

LOCATION The property is situated in the heart of Dublin Docklands – a highly sought after environment

1 DUBLIN PORT 2 GIBSON HOTEL 3 3 ARENA 4 AVIVA STADIUM 5 POINT CAMPUS 6 NORTH DOCK to both live and work

7 8 9 10 11 The Docklands area is home to the IFSC, one of the world’s leading financial services centres and is considered one of Dublin’s CAPITAL DOCK CITY BLOCK 9 DUBLIN LANDINGS CENTRAL BANK GRAND CANAL DOCK premier business addresses. The central location offers residents and staff some of the best amenities and facilities the city has to offer on its doorstep. The Point Village Shopping Centre, Odeon Cinema and Gibson Hotel are located adjacent to the site while 12 BORD GAIS ENERGY THEATRE 13 CONVENTION CENTRE 14 SPENCER DOCK 15 SPENCER PLACE a host of bars, restaurants and amenities are located within CHQ and Custom House Quay, a short stroll away.

8 9 ACCESSIBILITY Luas Luas Dublin Bike Dublin Bus Air Coach Docklands Connolly Dublin Port Spencer Dock Cross City North Wall Quay North Wall Quay North Wall Quay Rail Station Rail Station 5 minutes 1 minute 2 minutes 2 minutes 2 minutes 2 minutes 8 minutes

M50 T E E R T S Broadstone T E S R O D ELL STREET RN PA

AD O R Dominick Connolly EAST O’Connell Docklands Upper Marlborough

Abbey Busaras Street

O’CONNELL ST O’CONNELL George’s Dock The Point Mayor Square

CAPEL ST CAPEL O’Connell Spencer Dock GPO

Jervis Tara CITY Street QUAY Four Courts

Westmoreland

Trinity

ET STRE DAME GRA ND C ANAL ST LOWE Pearse R

S Dawson R

E I

U GRAFTON STREET MOUNT ST L A

OWER Grand Canal Dock 10 11

NUE BATH AVE 23 21 26 27 20 40 22 19 39 29 25 28 18 38 31 17 30 37

16 32 14 41 15 13 44 33 43 42 34 11 9 12 3 8 1 4 35 10 2 5 36

DOCKLANDS OCCUPIERS

1 Yahoo 6 Airbnb 11 William Fry 15 Beauchamps 20 Société Générale 24 KPMG 29 BNY Mellon 33 Central Bank 36 3Arena 39 Hilton Garden 42 The Marker Hotel of Ireland Inn 2 Voxpro 7 Accenture 12 Capita 16 Three 21 Susquehanna 25 Citibank 30 AIG 37 Convention 43 Bord Gais Bank 34 NTMA Centre Dublin 40 CHQ Building Energy Theatre 3 Bvlgari 8 TripAdvisor 13 Facebook 17 Bloomberg 26 JP Morgan 31 Hubspot 22 35 38 41 44 4 9 14 18 Depfa Bank 27 32 The Gibson The Spencer The Clayton Maldron Hotel Matheson Logmein McCann Morgan Stanley Rabobank PwC Hotel Hotel Hotel Fitzgerald 23 Zurich 5 State Street 10 HSBC 19 Grant Thornton 28 A&L Goodbody

12 13 CB3 DOCKLANDS DUBLIN

1 RIVER LIFFEY / 2 3 ARENA & POINT SHOPPING CENTRE / 3 CONVENTION CENTRE / 4 LUAS / 5 ULSTER BANK / 6 GIBSON HOTEL & ODEON CINEMA / 7 DUBLIN LANDINGS / 8 THE SPIRE

2 3 4

5 6 7 8 1 2 3 4 STRATEGIC DEVELOPMENT ZONE CB3 DOCKLANDS The statutory development plan for CB3 Docklands is the Dublin City Development Plan DUBLIN 2016-2022, which incorporates the North Lotts & Grand Canal Dock SDZ Planning Scheme. The SDZ has acted as a catalyst for development, and the North Lotts & Grand Canal Dock are now at varying stages of the planning and development process, with approximately half of these previously undeveloped lands either completed or under construction. When the SDZ 5 6 7 8 9 was enacted in 2014, there were approx. 58 acres of undeveloped lands.

Since 2014, planning permission has been granted for over 1700 residential units, with further potential for more than 660 units, ultimately catering for a population of approximately 5,000.

On the commercial side, planning permission has been granted for over 3.6 million square feet of office space, which has the potential to accommodate 21,000 employees, with further potential for approximately 1.4 million square feet of space. 1 City Block 9 8 Capital Dock 2 The EXO Building 9 The Reflector 10 11 12 13 3 10 The subject holding is designated City Block 3 – specifically 3A, 3B, 3C, 3E and the majority of Spencer Place 76 SJRQ 4 Central Bank 11 6 Hanover Quay 3F within the SDZ. The remainder of City Block 3 comprises terraced housing and North Bank 5 The Point Campus 12 5 Hanover Quay House. 6 North Dock 13 Bolands Quay 7 Dublin Landings

4 7 5 10 6 8 2 12 1 11

13 9

16 17 3 CB LOT 1 - RESIDENTIAL SITE DOCKLANDS DUBLIN The Residential Site extends to approximately 1.44 hectares (3.55 acres) and occupies the western half of the landbank with frontage to Mayor Street Upper, New Wapping Street and Sheriff Street Upper.

The Residential Site benefits from planning permission for region 347 no. residential units (360 units were applied for and 347 reflects compliance with conditions 4 & 5 of Planning Ref. No. DSDZ3357/17) comprising 340 no. apartments (103 no. 1 beds, 191 no. 2 beds and 46 no. 3 beds) and 7 no. 3 bed two storey houses.

Potential to significantly enhance and add value through design and planning refinement to increase the density and mix of units to between 406 and 456 units, following the revision of the apartment guidelines announced recently. A feasibility study as undertaken by OMP Architects is available to demonstrate the potential for an increased quantum of units based on the new apartment guidelines.

Indicative Site Plan – Residential Site

18 19 3 DUBLIN DOCKLANDS - A LOCATION WHICH OFFERS SOME CB OF THE BEST AMENITIES THE CITY DOCKLANDS HAS TO OFFER, ON ITS DOORSTEP DUBLIN

20 21 CB3 THE RESIDENTIAL DEVELOPMENT OPPORTUNITY DOCKLANDS DUBLIN The Residential Site benefits from planning permission for 347 no. residential units (Planning Ref. No. DSDZ3357/17) comprising 340 no. apartments (103 no. 1 beds, 191 no. 2 beds and 46 no. 3 beds) and 7 no. 3 bed two storey houses. Potential to significantly enhance and add value through design and planning refinement to increase the density and mix of units to between 406 and 456 units, following the revision of the apartment guidelines announced recently.

The permitted scheme also includes tenant amenity accommodation, a Crèche and a Café. We have provided a summary schedule of accommodation below with a detailed schedule and full planning pack available from our dedicated website.

360 residential units were applied for, however 347 units reflects implementation of condition 4 and 5 attached to the existing planning permission. Further information is available on the dedicated website in this regard.

Sheriﬀ Street Upper

1.9 17027 2.0 15802 3.2 131575 2.5 3.2 16195 +2.500 SITE NOTICE 107000 SITE NOTICE LOCATION

4763 LOCATION 4003 4004 3991 3871 3857 3832 3799 8750 2050 10200 2300 28900 2050 10750 2300 28900 SITE NOTICE 20503740 8750 19130 +2.075 +2095 +2.105 +2.117 +2.150 +2.211 +2.245 +2.308 +2.425 17414 APARTMENTS LOCATION

4742 +2.500 17080

LIVING/ BEDROOM BEDROOM BEDROOM BEDROOM LIVING/ BEDROOM BEDROOM LIVING/ DINING DINING DINING 11.5m² 11.4m² 11.4m² 11.5m² 11.4m² 11.4m² 38.3m² 38.3m² 38.3m² LANDLORD LIVING/ LIVING/ LIVING/ DINING Private DINING Private Private DINING CUPBOARD ELECTRICAL Private Terrace Terrace Terrace Terrace 30.4m² Private 30.4m² 30.4m² 2379 Terrace 5.5m² 13.9m² 5.5m² 14.8m² 15.0m² TYPE 3A TYPE 3A TYPE 3A 6 UTILITY UTILITY UTILITY UTILITY STORE STORE UTILITY 3 TYPE UTILITY 6 STORE STORE UTILITY 3 TYPE UTILITY 3.2m² BEDROOM 3.2m² BEDROOM 2.0m² 3.0m² 2.7m² 3.2m² 3.0m² 2.0m² 2.7m² 3.2m² 3.0m² 2.0m² 13.9m² 13.9m² Private A1 A2 Terrace 7 1 1

8.1m² 3BED 3BED SCHEDULE OF ACCOMMODATION

TYPE 2 TYPE A1 A2 2 TYPE 123.0m² KITCHEN 123.0m² KITCHEN B UTILITY UTILITY

10.6m² KITCHEN 10.6m² KITCHEN

² 1BED 2.2m² ² 2.2m² ² TYPE 2 TYPE 2A TYPE KITCHEN STORE 1BED KITCHEN STORE 1BED 2A TYPE KITCHEN APARTMENT ELECTRICAL CUPBOARD ELECTRICAL APARTMENT

1.1m TYPE 2 KITCHEN KITCHEN TYPE 2A 1.1m KITCHEN TYPE 2A 1.1m STORAGE 53.6m² 2.6m² 53.6m² STORAGE 2.6m² 53.6m² STORAGE

STORAGE STORAGE 0.9m² 0.9m² 1 2BED 2BED 7 2 2BED 5 2 A1 87.3m² 3BED FFL 87.3m² A2 B 3BED 87.3m² B A2 99.3m² +4.000 99.3m² BEDROOM BEDROOM BEDROOM 13.0m² STORE STORE 13.0m² STORE 13.0m² LIVING/ BEDROOM BEDROOM LIVING/ BEDROOM BEDROOM 3.8m² DINING LIVING/ 3.8m² DINING LIVING/ 3.8m² 12.8m² 11.6m² 12.8m² 11.6m² 31.5m² DINING 31.5m² DINING 34.2m² 34.2m² FFL

LANDLORD FFL ELECTRICAL CUPBOARD APARTMENT ELECTRICAL CUPBOARD +4.000 +4.000 KITCHEN KITCHEN

Private Private Private Private Private Private 25900 Terrace Terrace Terrace LOBBY Terrace Terrace Terrace 6.4m² LIVING/ 14.2m² 18.9m² 3A TYPE 14.1m² 18.9m² LIVING/ 10.2m² DINING DINING 2000 2000 27.3m² 27.3m² 2 1BED LOBBY BLOCK 3A2 LOBBY 1BED 4 +3.850 +3.850 BEDROOM +3.850 +3.850 A1 50.5m² 13.2m² 50.4m² B BLOCK 3A1 25000 2000 LANDLORD APARTMENT ELECTRICAL CUPBOARD TYPE 2A ELECTRICAL CUPBOARD BEDROOM TYPE 4 BLOCK 3B UTILITY 13.2m² TYPE 2 TYPE BEDROOM FFL 3.5m² BEDROOM 11.4m² KITCHEN 11.4m² UTILITY 2000 2000 LIVING/ +4.000 UTILITY

3.0m² DINING 3242 3.0m² Communal Open Space BEDROOM 2A TYPE LIVING/ 31.5m² UTILITY 2BED Private Private 11.5m² KITCHEN DINING Terrace Terrace 3.5m² 28.8m² Communal Open Space 90.9m² 6.4m² Area 555 m² 7.6m² 5 3 2BED 1BED KITCHEN Area 532 m² 3 KITCHEN A1 A2 73.9m² Private 52.0m² Terrace B Private 17.1m² Terrace UTILITY Private 6.4m² LIVING/ 2.5m² LIVING/ LIVING/ Terrace DINING DINING STORE DINING TYPE 2A 10.2m² Dual Dual 28.8m² 2BED 32.8m² 2.5m² 41.1m² 3 1BED 5 77.2m² KITCHEN A1 52.0m² BEDROOM BEDROOM A2 BEDROOM TYPE 2A STORE UTILITY 11.4m² 11.5m² 14.1m² 3.5m² TYPE 3A 3.0m² STORE Block 3A1 1 Bed 2 Bed 3Bed Total % Block 3D2 1 Bed 2 Bed 3Bed Total % 1.8m² STAFF WC

TYPE 2 TYPE 1.8m² STAFF BEDROOM BEDROOM KITCHEN ROOM/

11.4m² TYPE 1 12.3m² 8.6m²

UTILITY NAPPY STORE CHANGING TYPE 2 TYPE TYPE 2A TYPE 11.1m² 3.0m² 2BED BEDROOM BEDROOM 2BED CHANGING 4.9m² Aspect Aspect UTILITY UTILITY 11.5m² 11.5m² STORE 3.6m² 83.8m² 3.5m² 3.5m² 91.8m² 0.8m² SLEEP ROOM 17.5m² 4 MILK PREP 4 3.8m² A2 LAUNDRY

A1 26200 26200 +3.600 PRAM OFFICE/ PUBLIC WC STORE MEETING STORE STORE Private 3.2m² 3.2m² 9.3m²

BALCONY 2.5m² 2.5m² 53825

53575 LIVING/ LIVING/ Terrace 7.2m² DINING DINING 7.7m² +3.750 KITCHEN 18851 38.0m² KITCHEN 39.8m² 3600 BEDROOM BEDROOM 6.2m² 7no BABIES 62864 TYPE 3 13.0m² 13.0m² TYPE 3A 25.3m² CRECHE 68 CHILDREN LOBBY 5m²

299.6m² 17000

TYPE 3 TYPE 3A TYPE BEDROOM BEDROOM Level 00 5 3 2 10 6 60.0 Level 00 2 6 0 8 4 50.0 KITCHEN LIVING/ LIVING/ 13.0m² DINING DINING KITCHEN 13.0m² 6.2m² 6.2m² 45.7m² Private 36.7m² Terrace STORE Private 7.6m² STORE 12no TODDLERS 2.5m² Terrace 2.5m² 33.8m² 10.8m² 10no PRE-SCHOOLERS 25.8m² CHILDREN 54 WC 49 12.6m² A2 A1 APARTMENT ELECTRICAL CUPBOARD ELECTRICAL CUPBOARD BEDROOM UTILITY 2BED UTILITY BEDROOM 3.5m² LANDLORD 3.5m² 11.5m² TYPE 2 3BED STORE BEDROOM TYPE 2A 11.5m² 25000 3.0m² ² 115.3m² 11.4m² 88.6m New Wapping Street New North Bank Level 01 5 5 1 11 5 45.5 Level 01 1 7 0 8 4 50.0 LANDLORD KITCHEN APARTMENT ELECTRICAL CUPBOARD ELECTRICAL CUPBOARD Private UTILITY 39no 2-3YO ² Terrace 1.9m² 90.7m 7.1m² LIVING/ +3.850 Apartments DINING LOBBY 26.6m² 50 1BED FFL 50.3m² +3.850 A1 +4.000 BLOCK 3A1 OPEN TO BEDROOM BEDROOM BEDROOM BEDROOM Landlord's BELOW 12.3m² 13.0m² 12.3m² 13.0m² LV Switchroom TYPE 2 TYPE BEDROOM Equipment BEDROOM +3.850 STORE 13.7m² STORE 10.5m² 11.7m² 1.7m² Room 7.5m²

12.1m² 24325 17341 LOBBY Level 02 4 6 2 12 6 50.0 Level 02 1 7 0 8 4 50.0

BLOCK 3A2 DOUBLE HEIGHT FFL STORAGE FFL +2.250 1.1m² KITCHEN UTILITY Incoming Comms UTILITY CONCIERGE/ +4.000 BICYCLE RAMP 1.8m² +4.000 2450 TYPE 3A TYPE 3A 2.3m² BLOCK 3B ESB Substation Room TYPE 1A TYPE 1A TENANT AMENITY 14m² TYPE 2A 186m² 14m² ²

STUDY TYPE 2 TYPE TYPE 1 1BED+ 7.9m²

37.5m 64.0m² 56 57 Cafe pmaR STORE STORE STORE UTILITY 3.1m² 3.1m² 58 STORE A2 A2 1.8m² 2.2m² 129.1m² LIVING/ LIVING/ 3.0m² STORAGE DINING DINING A2

Landlord's Switchroom 2.2m²

33.1m² 33.1m² 100004 TYPE 3A TYPE KITCHEN Level 03 4 6 2 12 6 50.0 Level 03 1 7 0 8 4 50.0

² 2BED 1BED Generator Room +2.250 UTILITY UTILITY 76.2m² 56.8m² 26.4m² CAR RAMP 3.0m² 3.0m² FFL 17.5m +4.000 CUPBOARD ELECTRICAL APARTMENT LIVING/ 51 55 DINING LIVING/ 32.4m² DINING A1 A2 31.0m²

Life Safety Switchroom Safety Life BEDROOM BEDROOM BEDROOM KITCHEN KITCHEN 11.4m² 11.4m² 12.2m² LIVING/ 2BED 2BED DINING 27.7m²

79.1m² 79.1m² LANDLORD

SITE NOTICE CUPBOARD ELECTRICAL 16998 LOCATION 63000 6200 37800 18598 Private Private Private Private Private Level 04 4 6 2 12 6 50.0 Level 04 1 7 0 8 4 50.0 Terrace Terrace Terrace Terrace Terrace 10.4m² 10.5m² 11.9m² 13.5m² 18.9m² +3.850 +3.850 +3.850 4

5461 107000 6248 +2.250 7024 RAMP @ 1:21 +3.850 +3.850 5 1

10000 extent of basement below 26008 Level 05 3 6 2 11 6 54.5 Level 05 0 7 0 7 4 57.1 ² ² 14m 10.5m 11000 19000 61000 LV Switchroom ESB Substation 5150 3850 2000

² Alexander Terrace WC 3.2m UTILITY

TYPE 4 LIVING/ BEDROOM BEDROOM PORCH DINING +3.850 ² 13.0m² KITCHEN 11.7m 31.0m² FFL LOBBY Private Terrace Proposed ﬁre tender access road +4.000 28.9m² 6387 Level 06 3 3 3 9 5 55.6 Total 6 41 0 47 24 51.1 permitted under DSDZ2642/16 4697 Private UTILITY ² Terrace 3.1m² ² 11.6m² 2000 1.3m

GARDEN STORAGE LIVING/ 37.2m DINING LIVING/ DINING 42.9m² 30.1m² 2BED

5 3 TYPE +3.850 UTILITY 79.8m² 2.6m² D KITCHEN 1 D1 TYPE 1A STORE 3.4m² 2BED 6 BEDROOM 79.2m² 13.1m² D e r a u q S s e b r o felts a C KITCHEN 25394 STORE BEDROOM

17100 Total 28 35 14 77 40 51.9 3.5m² TYPE 2 11.6m² STORE 0.8m²

² BEDROOM 1 TYPE WC 3.2m

UTILITY 12.3m² +3.850 PORCH PARK 13320 UTILITY FFL LOBBY STORE 3.0m² BEDROOM 2.0 +4.000 1.8m² TYPE 2 11.4m² 6343 44000 4747 4 2BED ² Dual HOUSES LIVING/ ² DINING D 77.8m² 1.3m 33.4m² GARDEN STORAGE 1BED 7 37.2m DINING

LIVING/ Private 42.3m² Terrace 11m² 50.5m² D LIVING/ +3.850 DINING Private Block 3E2 1 Bed 2 Bed 3Bed Total % 27.3m² Terrace 2 KITCHEN 11.4m² D1 KITCHEN CIVIC PARK 2000 Aspect

ELECTRICAL CUPBOARD 2,259 m UTILITY LANDLORD

BEDROOM 4 TYPE 3.6m² KITCHEN 13.2m² Dual ² STORE 0.8m² WC 3.2m

UTILITY 5951 BEDROOM 1 TYPE

+3.850 39825 39825 PORCH 12.3m² 6750 FFL LOBBY Block 3A2 1 Bed 2 Bed 3Bed Total % +4.000 FFL BLOCK 3D2 STORE +3.850 1.8m² +4.000

² Aspect ² 3 2BED Level 00 1 4 1 6 3 50.0

1.3m APARTMENT ELECTRICAL CUPBOARD

STORAGE LIVING/

37.2m ² 17620 DINING D 77.8m LIVING/ DINING Private 33.4m² Terrace 13249 11.4m² KITCHEN 10721 Private KITCHEN Terrace 6m² 10231 2650 LIVING/ DINING 28.8m² GARDEN 3 1BED 8 77.1m² 2000 D1 52.0m² D +3.850 KITCHEN UTILITY

BEDROOM TYPE 4 3.6m²

13.2m² TYPE 2A ² STORE BEDROOM below extent of basement Level 00 3 7 2 12 9 75.0 Level 01 2 4 1 7 3 42.9 3.0m² 11.4m² WC 3.2m

UTILITY BLOCK 3D1 PORCH TYPE 2 TYPE

8710 FFL LOBBY BEDROOM STORE +3.850 11.6m² +4.000 3.5m² 6228 2BED BEDROOM 5737 2 13.1m² ² ² STORE

79.2m 15975 ² 3.4m² TYPE 1A

1.3m D STORAGE 37.2m DINING LIVING/ GARDEN KITCHEN 51.2m² UTILITY 2BED

TYPE 3 1 2.6m² ² +3.850 D 79.8m LIVING/ 500 DINING Level 01 3 6 3 12 7 58.3 Level 02 2 4 1 7 3 42.9 4 30.1m² UTILITY 47051 D1 3.1m²

Private

KITCHEN Terrace 32.6m²

LIVING/ BEDROOM BEDROOM KITCHEN DINING 13.0m² 11.7m² TYPE 4 31.0m² ² WC 3.2m UTILITY +3.850 PORCH

8709 FFL LOBBY +4.000 15500 19000 14038 6214 Private Terrace Level 02 6 8 2 16 9 56.3 Level 03 2 3 1 6 3 50.0 5745 22.1m² ² ² 1.3m

GARDEN STORAGE 37.2m DINING 51.3m² LIVING/ +3.850 5 D1 46771

KITCHEN Communal Open Space Area 846 m² Level 03 6 8 2 16 9 56.3 Level 04 2 3 1 6 3 50.0 ² WC 3.2m UTILITY +3.850 PORCH

8706 FFL LOBBY +4.000 6193

5754 20625 ² ²

GARDEN 1.3m STORAGE 37.2m Castleforbes Road Castleforbes DINING 51.0m² LIVING/ +3.850 OUTLINE OF EXISTING EXCAVATION OF EXISTING OUTLINE Level 04 6 8 2 16 8 50.0 Level 05 0 3 2 5 3 60.0 6 D1

KITCHEN COMMERCIAL SITE ² WC 3.2m UTILITY +3.850 PORCH

8600 FFL LOBBY Level 05 4 8 2 14 8 57.1 Total 9 21 7 37 18 48.6 +4.000 6218 11500 23000 14000 5643 ² ²

GARDEN 1.3m STORE STORAGE 37.2m

DINING 1.8m² 58.3m² LIVING/

+3.850 BEDROOM BEDROOM BEDROOM 11.4m² 11.4m² 13.3m² 7 KITCHEN BALCONY 9.0m² D1 UTILITY

2.0m² 57882 LIVING/ 5850 DINING 40.5m² 4 TYPE 4 Level 06 4 6 1 11 6 54.5 KITCHEN

9000 E STORE 2.7m² 3BED 13233 TYPE 2 112.8m²

KITCHEN KITCHEN

1111 BALCONY LIVING/ 7.6m² STORE 2.7m² DINING 13950 LIVING/ 29.6m² DINING 30.1m² 16990 3597 1BED 5 Private 3 2BED Terrace 56.9m² E 11.8m² 7880 E 74.9m² UTILITY 6750 2.0m²

UTILITY Total 32 51 14 97 56 57.7 4.0m²

7691 BEDROOM BEDROOM TYPE 1 11.5m²

11.8m² TYPE 2A STORE

4950 Apartments 1.0m² 2000

STORE 7450 2.1m²

BEDROOM 103 191 46 340 182 53.5

13.1m² 2525 TYPE 3 TYPE 25875

+3.850 TYPE 3 TYPE STORE 2.7m²

BEDROOM FFL 14.7m² Total UTILITY +4.000 3.4m² 2BED STORE UTILITY BEDROOM 3.0m² 3.6m² 11.4m² 78.8m² STORE 2 1.9m² 2BED 6 2BED KITCHEN KITCHEN

E TYPE 3

76.5m² E 80.8m² TYPE 2A TYPE UTILITY 3.4m² TYPE 2A 24090 1 TYPE 1A KITCHEN ² TYPE 3

E 1.0m Private STORAGE Dual Terrace 25.5m² 10750 BLOCK Block 3B 1 Bed 2 Bed 3Bed Total % LIVING/ LIVING/ DINING DINING 31m² 30.6m² 3E2 APARTMENT ELECTRICAL BEDROOM BEDROOM BEDROOM FFL CUPBOARD BEDROOM 11.5m² 11.4m² 13.1m² 13.0m² LIVING/ +3.400 DINING Aspect 31.3m²

ELECTRICAL CUPBOARD Houses 1 Bed 2 Bed 3 Bed Total % LANDLORD

Private Private Terrace Terrace 6 7.9m² 7.9m² 2100 +3.700 2100 +3.250 SITE NOTICE +3.800 +3.900 +3.650 +2.600 +3.000 17400 4050 9000 +3.250 LOCATION

30450 5572 14000 3916 Level 00 2 2 0 4 3 75.0 SITE NOTICE LOCATION Level 00 7 APARTMENTS44746 2.5 Mayor Street Upper Level 01 5 6 1 12 6 50.0 17736 Total 0 0 7 7 Level 02 5 7 2 14 7 50.0 Total Units 103 191 53 347 Level 03 5 7 2 14 7 50.0 Level 04 5 7 2 14 7 50.0 Site Plan Residential Scheme (Highlighted in Red) Level 05 5 7 2 14 7 50.0 Schedule of Accommodation (Ref. No. DSDZ3357/17) Level 06 1 7 2 10 7 70.0 Total 28 43 11 82 44 53.7

22 23 CB3 DOCKLANDS APARTMENT TYPOLOGIES DUBLIN

1 & 2 Bed Single Aspect Units

2 Bed Corner Units

HOUSE TYPOLOGY

2 Bed Dual Aspect & 3 Bed Corner Units

GF & FF House Plan

24 25 CB3 DOCKLANDS DUBLIN

Forecasts are summarised below;

RESIDENTIAL MARKET OVERVIEW • Overall continued growth in Dublin residential rents is expected through Q1 2018 - Q1 2020.

Introduction While strong population growth led to the formation of • Average rental growth of 7.9% per annum is expected 12,698 net additional households in Dublin between the on new lets over this period. Ireland continues to experience the fastest rate of Census years of 2011-2016, housing construction failed to economic growth in the EU with total output. Close to keep up. In total just 3,088 additional housing units were • Annual growth of 7.2% in rents on new lets is forecast 67,000 net new jobs have been created in the last twelve delivered in the capital over the same period. even at the furthest horizon of the forecast window in months and total employment is set to surpass its boom- Q1 2020. time peak before the year is out. Notwithstanding the recent pick-up in house building activity, once we factor in demand implied by population Residential Rents Forecast – Dublin New Lets Strong economic momentum is set to continue with growth, along with buildings required to replace consensus GDP growth forecasts for Ireland of 4.1% for dilapidated units and to compensate for the fact that we 150 2018 and 3.4% for 2019. haven’t built enough homes for eight years, it is clear that 140 Dublin’s housing market remains undersupplied. 130 Residential Market 120 110

Our analysis shows that vacancy in Dublin’s private rented 100 Demand for rental property is dictated by two factors, sector (PRS) has been below 2% for almost four years and 90 Index: Q3 2007 = 100 population growth and the proportion of the population is currently just 1.41% (see Figure 2). This is significantly 80 that chooses to rent privately over competing tenure below the Natural Vacancy Rate (NVR) which we 70 2011Q2 2011Q4 2017Q2 2017Q4 2015Q2 2013Q2 2012Q2 2014Q2 2015Q4 2013Q4 2016Q2 types such as owner-occupied housing. econometrically estimate to be 5.3% in the capital. Theory 2012Q4 2014Q4 2010Q2 2016Q4 2010Q4 2007Q4 2009Q2 2008Q2 2009Q4 2008Q4 2019Q2(f) 2018Q2(f) 2019Q4(f) suggests that if the actual vacancy rate lies beneath the 2018Q4(f) Latest estimates show that Dublin’s population has grown NVR the market is undersupplied and rents will be rising, In order to stimulate a residential supply response, a range very rapidly in recent years. A net additional 97,300 and that’s exactly what is happening. of Government and Local Authority measures have been persons have been added to the headcount in the last five introduced including; years and the population is currently expanding by around Vacancy Rate in Dublin’s Private Rented Sector 15,500 persons per annum. 10 • New National Apartment Planning Guidelines: 9 These allow for a certain amount of smaller studio Population of Dublin 8 7 apartments in certain managed developments, address 6 % the minimum number of units with dual aspect, the 1,400 5 4 maximum number of units per lift and revise car parking 1,350 3 provision in city centre and public transport served 1,300 2 1 1,250 locations. The Government estimates that the changes 0 (000s) 1,200 could reduce the cost of apartment building by as much 2011Q2 2011Q4 2017Q2 2015Q2 2013Q2 2012Q2 2014Q2 2015Q4 2013Q4 2016Q2 1,150 2012Q4 2014Q4 2010Q2 2016Q4 2010Q4 2007Q2

2007Q4 as €20,000 per unit. 2009Q2 2008Q2 2009Q4 2008Q4

1,100 Dublin VR% NVR Dublin% 1,050 • Fast-track Planning: Developers can now submit Average residential rents in Dublin are currently rising by planning applications for housing developments of 100 2011Q1 2017Q1 2014Q1 1999Q1 2011Q4 2017Q4 2015Q3 2012Q3 2013Q2 2016Q2 2014Q4 2005Q1 1999Q4 2001Q2 2002Q1 2010Q2 2008Q1 2007Q2 2003Q3 2005Q4 2009Q3 2006Q3 2002Q4 2004Q2 2000Q3 2008Q4 5.2% per annum. Rent controls were first introduced in or more residential units directly to the national planning Dublin in December 2016. Generally, these limit rental body, An Bord Pleanála, instead of to local planning In the early 2000s, approximately 12% of households in growth to a maximum of 4% per annum. However, authorities as was previously the case. It is estimated Dublin rented privately. During this period private renting there are exemptions for properties that have not been that this can reduce the time in planning for these was generally considered a secondary tenure that was previously let within the last two years and in the case of schemes from around 18 months to 7-8 months. This mainly for young people transitioning towards a longer- a substantial change in the nature of accommodation system will remain in place until December 2019 and term goal of home ownership. provided by a landlord. subject to review, may be extended out to December 2021. Since 2012 strong house price inflation has made These legislative changes allow for the possibility of a homeownership less affordable along with changing divergence between average rental growth rates and • A stamp duty refund scheme has been introduced for attitudes to renting, the proportion of renters has doubled rental growth rates on newly let or new build properties purchasers of commercial land purchased for residential in the space of 15 years. Currently, just under 120,000 and would appear to explain why rental growth in Dublin development. This is conditional on the land being households are renting privately in Dublin, making up continues to exceed the regulated growth rate of 4% per developed within 30 months and subject to other almost one-quarter (24.1%) of all households in the capital. annum. conditions also.

26 27 CB3 DOCKLANDS DUBLIN LOT 2 - COMMERCIAL SITE

The Commercial Site extends to approximately 0.95 hectares (2.35 acres) and occupies the eastern half of the site with frontage to Mayor Street Upper and Castleforbes Road.

It benefits from planning permission (Planning Ref. No. DSDZ2135/18) for a substantial commercial scheme comprising office accommodation over three blocks extending to approximately 30,890 sq m (332,497 sq ft) NIA. This presents a unique opportunity to provide a city centre office campus.

Indicative Site Plan – Commercial Site

28 29 3 DUBLIN DOCKLANDS - HOME TO THE IFSC, A PREMIER CB DUBLIN BUSINESS ADDRESS DOCKLANDS DUBLIN

30 31 CB3 DOCKLANDS DUBLIN

Site Plan Commercial Scheme (Highlighted in Red) COMMERCIAL SITE

The Commercial Site benefits from planning permission (Planning Ref. No. DSDZ2135/18) for a substantial commercial scheme comprising office accommodation over three blocks extending to approximately 30,890 sq m (332,497 sq ft) NIA.

Block E Block E Block F Block F Block G Block G Combined Combined All Office Ratio Ratio Ratio GIA sq m NIA sq m GIA sq m NIA sq m GIA sq m NIA sq m GIA sq m NIA sq m RESIDENTIAL SITE Basement 2 4925 Basement 1 2610 (LG) car park

Basement 1 1765 1515 85.8 1860 1555 83.6 0 0 0.0 3390 3070 (LG) office Ground Floor 1480 1260 85.1 3465 2785 80.4 188 135 71.8 5133 4180 First Floor 1735 1485 85.6 3725 3190 85.6 188 150 79.8 5648 4825 Second Floor 1860 1610 86.6 3850 3360 87.3 188 150 79.8 5898 5120 Third Floor 1945 1695 87.1 3850 3370 87.5 188 150 79.8 5983 5215 Fourth Floor 1945 1695 87.1 3850 3370 87.5 188 150 79.8 5983 5215 Fifth Floor 1135 930 81.9 2740 2335 85.2 0 0 0.0 3875 3265 Total 11865 10190 85.9 23340 19965 85.5 940 735 78.2 36145 30890

Total (inc car parks) 43445

The office buildings were designed to LEED Gold standard, potentially Wellness Gold and to be NZEB compliant. There are full details available on the design of this high quality campus on our dedicated website.

Total block Car Bike 30890 sq m Plot Size 8420 E+F+G NIA (lettable) Spaces Spaces Total 43445 sq m Plot Ratio 5.2 Baement 2 90 300 Build Floor Area (total inc car park) (inc car park) Total 36145 sq m Plot Ratio 4.3 Basement 1 150 Gross Area (excl car park) (excl car park) Plot Ratio Ground 50 3.9 (excl all basements) Total 90 500

32 33 CB3 DOCKLANDS DUBLIN

OFFICE MARKET OVERVIEW

Vacancy & Rental Growth

• Jobs growth driving demand for office space ICT, in particular, accounted for 46% of gross take-up in With net absorption substantially offsetting any additions Additionally, with old stock still being withdrawn from • 2017 a record year for Dublin office take-up 2017. However professional services and finance and real of new stock, the vacancy rate for purpose-built modern supply for redevelopment, this should ensure that new • Take-up broadly based, but with a strong weighting of estate companies (including serviced office providers) office space across Dublin only edged up marginally - supply does not swamp the market and that the vacancy ICT and financial services occupiers were also significant takers of space. from 9.0% in December 2016 to 9.2% in December 2017. rate will only edge up slowly from this point. In any event • Take-up increasingly feeding through to net absorption As ever the vacancy rate varies by location and building vacancy rates are expected to remain below their 12-15% • Vacancy rate down to 9.2% across Dublin Dublin Office Take-Up quality. To illustrate this, just 3.9% of the standing Grade A equilibrium level for the foreseeable future. • Very limited availability of Grade A space in prime 350,000 stock is currently available in the Central Business District locations, particularly for larger lots 300,000 (Inc. Docklands). Prime Headline Office Rents Forecast

• Prime rents continuing to edge higher 250,000

200,000 With vacancy rates remaining well below their natural 800 sq m In the last two years office-based employment in Dublin 150,000 level of 12%-15%, headline rents in prime Central Business 700 has risen by 6%, with an additional 13,600 office based 100,000 District locations rose from €646 per sq m per annum in 600 jobs created in that time. All sectors of the office based 50,000 December 2016 to €678 psm at end-2017 – an increase 500 400 economy have contributed to this jobs growth, including 0 €psm of 5%. 300 1991 2011 1997 2017 1987 1995 2015 1993 2013 1985 1999 1989 2001 2007 2005 2003 Information and Communication Technology (ICT) 2009 200 (+12.1%), Professional Services (+6.8%), Public Sector Looking ahead, prospects for the Irish economy remain 100 (+4.5%), Private Administration (+2.5%) and Financial, Given an increased weighting of new entrants and favourable with consensus forecasts pointing to average 0 2011 2017 2015 2013 2012 2014 2016 2010 2007 2005 2003 2009 2006 2004 Insurance and Real Estate Services (+2.0%). As a result expansions in take-up, net absorption (the change in 2008 2019(f) jobs growth of more than 2% per annum and output 2018(f) office based employment now accounts for over 35% of occupied space) came in at over 113,000 sq m for the growth of close to 4% per annum over the next two years. all jobs in Dublin. year. Total net absorption over 2016 and 2017 totalled This positive outlook bodes well for office demand. 159,000 sq m – almost exactly in line with what would be Last year represented a new annual record for office take- expected given 13,600 additional office jobs at a typical up in Dublin, with 304,683 sq m taken. This is 1% above occupancy rate of 12.1 sq m per employee. the 2015 record and 2.5% ahead of the 2007 peak. The pattern of lettings has been broadly consistent with the Another way to view this is that, as the economy has FACTS, FIGURES & FORECASTS sectoral breakdown of jobs growth. grown, an increased proportion of lettings involve net additional demand for space to accommodate the staff being recruited by start-ups and expansions.

34 35 CB3 DOCKLANDS DUBLIN

CONTACTS & FURTHER INFORMATION

Title Viewings A title summary is available in the Viewings strictly by appointment and property data room. to be arranged with the joint selling agents. Services Interested parties are advised to Data Room satisfy themselves as to the presence, Further information is attainable through adequacy and availability of all services our dedicated web based data room: to the subject lands.

www.cb3docklands.com

JOINT AGENTS SOLICITOR

Savills Cushman & Wakefield Arthur Cox 33 Molesworth Street 164 Shelbourne Road 10 Earlsfort Terrace Dublin 2 Dublin 4 Dublin 2 www.savills.ie www.cushmanwakefield.ie www.arthurcox.com

PSRA - 002233 PSRA - 002222

Mark Reynolds Donal Kellegher Mark Barr +353 1 618 1326 +353 1 639 9248 +353 1 920 1086 [email protected] [email protected] [email protected]

Colette Mulroy John Donegan Marc McLaughlin +353 1 618 1480 +353 1 639 9222 +353 1 920 1000 [email protected] [email protected] [email protected]

PROPERTY MISREPRESENTATION ACT The Agents and the Vendor/Lessor give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland, Cushman & Wakefield Ireland nor any of their employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor Cushman & Wakefield Ireland nor any of their employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/ lessees shall be liable for any VAT arising on the transaction. Designed and produced by Creativeworld. Tel +44 [0] 1282 858200.

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