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THE VISTA BUILDING THE VISTA BUILDINg
TABLE OF CONTENTS
THE HIGHLIGHTS 04
02 GENERAL OVERVIEW 06
LOCATION 08
AMENITIES 10
TRANSPORT LINKS 12
THE VISTA BUILDING 14
SCHEDULE OF ACCOMMODATION 17
FLOORPLANS 18
SITEPLAN 20
TENANCY INFORMATION 22
THE SEAMARK 23
COVENANT INFORMATION 23
CONTACT 24 THE VISTA BUILDINg
The Vista Building provides the opportunity to acquire a Grade A HQ Office Block with strong reversionary potential
02 03 THE HIGHLIGHTS
04 05 8 STOREY Extending to Each floor plate 100% Unexpired term of Rent of is approximately Over basement 8,540 SQ M occupied by 5.45 YEARS €1,683,890 P.A. HQ office building 91,927 SQ FT (NIA) 1,200 SQ M Novartis Ireland Ltd
Fitted to 70 Highly accessible location Guarantor Highly HOST OF GRADE A underground 900 M BNP PARIBAS REVERSIONARY AMENITIES specification parking spaces to the DART nearby THE VISTA BUILDINg
THE VISTA BUILDING
06 eLMPARK GREEN 07
General Overview
Elmpark Green is a mixed use development of high quality offices and multi-family units on a site of 7 hectares located on the Merrion Road in Dublin 4.
It extends to approx. 400,000 sq. ft. of commercial space consisting of four, detached headquarter office blocks, a café and crèche along with 340 multi-family units and 850 basement car parking spaces.
Excellent public transport links to Elmpark Green are enhanced by Bleeper Bikes, GoCar stations and the Elmpark Green Shuttle Bus which connects the N11 corridor at peak hours with the service running every 20 minutes. THE VISTA BUILDINg
12 15 10 11 14 17 18 13 16 6 8 7 9
Location
08 09 Elmpark Green is a highly successful Other well-established international and established business and occupiers in the park are Allianz and residential environment located Willis Towers Watson. Nearby occupiers 3 on the Merrion Road in Dublin 4. in the vicinity include AIB, Goodbody 5 Situated 4.4km from St. Stephen’s Green Stockbrokers and Zurich. and 2 minutes from Ballsbridge, 4 Elmpark Green offers a mixed use environment in a highly accessible 1. ELMPARK GREEN THE VISTA BUILDING location. 2 2. ELM PARK GOLF COURSE
Elmpark Green benefits from prime 3. ST. VINCENT'S HOSPITAL transport links with Booterstown and 4. ST. VINCENT'S PRIVATE HOSPITAL 1 ElmPark Green Sydney Parade Dart stations on the 5. OSG GROUP 2. Potential Development area doorstep to the scheme as well as a 6. AVIVA STADIUM 3. Elm Park Golf Course 1 Quality Bus Corridor with an Aircoach 7. AIB BANK CENTRE 4. St. VIncent's Hospital link direct to Dublin Airport. It is also 8. US EMBASSY 5. St. VIncent's Private Hospital easily accessible by car with it being in 9. RDS 6. OMG Group close proximity to the City Centre, 10. ST. STEPHENS GREEN Dublin Port Tunnel and M50. 7. Aviva Stadium 11. TRINITY COLLEGE 12. IFSC 8. AIB Bank Centre The Park is accessed directly from the 13. GOOGLE 9. US Embassy Merrion Road, one of the main arterial 14. FACEBOOK 10. RDS routes linking south Dublin to the city 11. St. Stephens Green centre. The development fronting onto 15. CONVENTION CENTRE 16. CAPITAL DOCK 12. Trinity College and directly accessed from Merrion Road 17. DUBLIN LANDINGS 13. IFSC is situated on a pivotal 7 hectare (17.3 acre) site which dominates its environs. 18. 3 ARENA 14. Google 15. Facebook 16. Convention Centre 17. CAPITAL DOCK 18. Dublin LANDINGS 19. 3 arena THE VISTA BUILDINg
bleeper bikes CLAYton hotel, ballsbridge Amenities
The major attraction of Elmpark Green is it's proximity to a host of amenities which makes it a unique first class office development.
“The Club @ Elmpark Green” is a recent initiative that acts as a platform for events, social media and communication for the tenants of Elmpark Green. It creates an annual programme of events and activities to encourage interaction 10 and socialising amongst the tenant companies, 11 SUPERB COASTAL LOCATION NEarby BOOTERSTOWN DART STATION employees & residents and promotes a greater work/life balance.
The Club @ Elmpark Green is complemented by the free to use outdoor Gym located in the Plaza and a dedicated 1.5km walking route within the campus.
There are a 3 nearby shopping centres (Merrion, Blackrock and Frascati Shopping Centres) and a number of hotels; Tara Towers, Clayton, Herbert outdoor excercise stations Park, Radisson Blu and InterContinental hotels just minutes away.
The adjoining Tara Towers was recently acquired by Dalata and construction is due to PRIVATE shuttle BUS start shortly on it's redevelopment into 140 bed 4 star hotel.
Ballsbridge, Ireland’s Embassy belt and Dublin’s premier residential address is only 2 minutes from Elmpark Green. Ballsbridge with its bustling village atmosphere and many fine restaurants, pubs, hotels is also the home of two of Ireland’s premier sporting and recreation GO CARs available on campus venues, the Aviva Stadium and the RDS.
Onsite Childcare Facilities ABUNDANT GREEN SPACE THE VISTA BUILDINg BLANChardstown RAHEN
HAR ONSTO N
N3 M50 M50 KILLESTER CLONTARF
DART DRUMCONDRA Travel Times from Booterstown DART Station HO TH ROAD
PHOENIX — Tara Street 13 minutes PARK — Grand Canal Dock 8 minutes N4 — Dun Laoghaire 8 minutes
CONNOLL C A R Travel times outside of peak hours IFSC — Ballsbridge 4 minutes TARA ST — Dublin Airport 26 minutes via Port Tunnel PEARSE ST — IFSC 17 minutes south docklands — St. Stephen’s Green 8 minutes CITY CENTRE — South Docks 14 minutes
GRAND CANAL DOCK — Sandyford 16 minutes — M50 13 minutes St. Stephens Green DUBLIN BUS
INCHICORE LANDSDO NE RD There are multiple bus routes which serve Elmpark Green for North and South Dublin every few minutes
SAND OUNT AIRCOACH 12 The Aircoach service offers direct access by 13 luxury coach to Dublin Airport from the Tara BALLSBRIDGE Towers Hotel adjacent to Elmpark Green, with a journey time of just 30 minutes. RATHMINES S DNE PARADE DONNYBROOK PRIVATE CAR PARK Elmpark Green is easily accessible by car N7 from South County Dublin and Dublin City THE VISTA BUILDING Centre. The Vista building offers an excellent car parking ratio when compared with Dublin City Centre.
TERENURE N11 BOOTERSTO N PRIVATE SHUTTLE BUS Elmpark Green provide a shuttle bus service to the N11 corridor at peak hours with the service running every 20 minutes. M50
BLACKROCK
N81 SEAPOINT
SALTHILL ONKSTO N DUN LAOGHAIRE
BLACKROCK N11 DUN LAOGHAIRE RATHFARNHAM SAND COVE GLASTHULE
DUNDRUM
GLENAGEAR
DALKE
DALKEY N11
M50
KILLINE SANDYFORD FOXROCK THE VISTA BUILDINg
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The Vista Building
Comprises an 8 storey over basement HQ office building, extending to 8,540 sq. m/ 91,927 sq.ft (NIA) with 70 underground parking spaces.
The building was designed and finished to the highest standards with an impressive full height glazing at each floor level.
Each floor plate is approximately 1,200 sq. m. and is fitted to award winning Grade A specification with an impressive double height atrium and four storey winter garden.
Two cores, with two lifts per core, serve each floor level and the basement. THE VISTA BUILDINg
Accommodation
The Building has been measured on a Net Internal floor area basis.
Floor Sq m Sq ft
BASEMENT 374.0 4,025
GROUND FLOOR 594.5 6,339
FIRST 795.5 8,562
SECOND 778.6 8,380
THIRD 1,266.6 13,634
FOURTH 1,250.3 13,458
FIFTH 1,159.9 12,485
SIXTH 1,159.5 12,481 16 17 SEVENTH 1,161.4 12,501
TOTAL NIA 8,540.3 91,927
70 basement car parking spaces
The above areas are provided by Murphy Surveys. The net floor area stated in the lease is 85,153.42 sq. ft. NIA together with 3,141 sq. ft. (GIA) of storeroom space. Novartis also have a storeroom of 944 sq. ft. PRIVATE ROOM
OPEN PLAN INDICative Floorplans OFFICE
LIFT
LIFT LIFT
RECEPTION
LADIES
MEETING LOBBY ROOM GENTS
LIFT
LIFT LIFT FRIDGES ATRIUM VOID
MEETING ROOM
18 GROUND FLOOR THIRD FLOOR 19 594.5 SQ M / 6,339 SQ FT 1,266.6 SQ M / 13,634 SQ FT GROUND FLOOR
OPEN PLAN OFFICE
GENTS
I.T. ROOM MEETING LADIES
ROOM LOBBY LADIES
MEETING GENTS LIFT ROOM LIFT
LIFT LIFT LIFT LIFT ATRIUM VOID
MEETING ROOM
OPEN PLAN OFFICE
For illustrative purposes - not to scale THE VISTA BUILDINg
ELMPARK GREEN the links
The SEAMARK Building
the bay THE VISTA BUILDING willis towers watson
leisure centre allianz Block C novartis
D A O R N O I R R E M
ELM PARK GOLF COURSE PEACOCK GREEN CAFÉ
20 21 conference centre
giraffe childcare
LLANDAFF TERRACE
heskin court RESIDENTIAL
COMMERICAL THE VISTA BUILDINg
tenancy INFORMATION The Seamark
Lease Details The Seamark Building will deliver 16,940 sq m (182,000 sq ft) of Grade TENANT NOVARTIS IRELAND LTD. A office accommodation and will further enhance the growing Elmpark GUARANTOR BNP PARIBAS* Green community. It comprises an eight-storey office block that has been TERM 10 YEARS FROM 11TH NOVEMBER 2013 designed to the highest standards UNEXPIRED TERM 5.45 YEARS with sustainability at the forefront. The building has a target BER rating of A3 PASSING RENT €1,464,252.22 PER ANNUM and a target LEED rating of Platinum.
RENT REVIEWS YEAR 5 UPWARD / DOWNWARD CAPPED & COLLARED AT 15% Both blocks work independently of each other or can be seamlessly NEXT RENT REVIEW 11TH NOVEMBER 2018 combined to facilitate two fully RENTAL UPLIFT AT RENT REVIEW (+ 15% CAP) €1,683,890 PER ANNUM ** independent office blocks featuring separate double-height glazed LEASE FLOOR AREA (NIA) 89,238.42 SQ FT / 8,290.45 SQ M reception areas.
MEASURED FLOOR AREA (NIA) 91,927 SQ FT / 8,540 SQ M The building will cater to office requirements ranging from 20,000 – NO. OF CAR SPACES 70 BASEMENT SPACES 182,000 sq ft and is being marketed with a quoting a rent of €425 per sq * Guarantee for payment of yearly rent, service charge and insurance premium up to a maximum aggregate liability of 22 23 €3,000,000 for a period of 10 years from 11/11/2013 (by way of side letter). m (€39.50 per sq ft) and €2,500 per * * Landlord to underwrite rent between date of sale and review date. car space. Practical Completion is expected by July 2018.
Covenant Information
Novartis is one of the world’s largest pharmaceutical companies operating in 140 countries and recording global revenues in excess of $50billion for the 2017 fiscal year. Novartis was one of the first pharmaceutical companies to locate in Ireland establishing its first operation within the country in the 1950’s. Today Novartis Ireland Limited is one of the leading employers in the healthcare sector, employing over 1,600 people. Elmpark Green is home to Novartis’s Global Business Services Centre (GBSC) and Commercial Pharma Operations. THE VISTA BUILDINg
GUIDE We are guiding €39m which equates to a NIY of 3.98% a reversionary yield of 8.56% and a capital value of €424 per sq ft, assuming standard purchaser's costs of 8.46% and based on a rent of €37.50 per sq ft and €2,500 per car parking space.
TENURE 999 year Long Leasehold
V AT Further information available upon request
DATA ROOM ACCESS www.vistabuildingdublin.com
BER
Tenants not affected
CONTACTS
SOLICITOR 24 25
A&L Goodbody Mairead Sherlock IFSC T: (01) 649 2000 North Wall Quay [email protected] . Dublin 1 David Fitzgerald T: (01) 649 2000 dfitzgerald@algoodbody.
SELLING AGENTS To arrange inspection please contact the joint selling agents:
Kyle Rothwell Michele McGarry (01) 618 5502 (01) 633 3738 [email protected] [email protected] PRSA No. 001528 PRSA No. 001223
Stephen Aherne Stephen Conway (01) 618 5718 (01) 633 3726 [email protected] [email protected]
Disclaimer: The above particulars are issued by Colliers International and CBRE on the understanding that all negotiations are conducted through them. Every care is taken in preparing the particulars which are for guidance only and neither firm hold themselves liable for any inaccuracies. Maps are not to scale and areas/dimensions are approximate. All reasonable offers will be submitted to the owners for consideration but the contents of this brochure will not be deemed to form the basis of any contract subsequently entered into. THE VISTA BUILDINg
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www.vistabuildingdublin.com