Canalside Grand Canal • Canal Road • Dublin 6

CANALSIDE GRAND CANAL • CANAL ROAD • DUBLIN 6

For Sale - Prime Development / Refurbishment Opportunity (SPP) Approximately 0.28 Hectares (0.7 Acres) gross CANALSIDE GRAND CANAL • CANAL ROAD • DUBLIN 6 OPPORTUNITY OVERVIEW

On the instruction of the joint vendors, the Construction Industry Federation and Construction Workers’ Pension Scheme, JLL and FQP are delighted to bring to the market a prime development opportunity for a quality commercial development in a prominent waterfront location in Dublin 6. The timing of this development opportunity is extremely favourable with strong demand for office and hotel accommodation in Dublin.

Extends to 0.28 ha Entire Zoned Z6 Feasibility studies by The site, which adjoins the CIF’s headquarters, enjoys a prime waterfront location in an area which has seen (0.7 acres) gross area – Enterprise and Henry J Lyons Architects significant recent office and hotel development and which will be reinforced on completion of the nearby employment – wide range showing an office Charlemont Square, a major, mixed-use scheme. of permitted uses development of approx. Situated in a desirable part of Dublin, a thriving, cultural and diverse city with one of the fastest growing 77,000 sq ft (NIA) and an economies in Europe, this presents an unrivalled opportunity for developers to gain exposure to the hotel scheme of 259 keys expanding Dublin market, a fortuitous acquisition in Dublin’s present climate of growth.

JUNE

Vacant possession Interim short term income Immediate area of entire by in excess of €320,000 pa undergoing intensive 30 June 2020 development activity

Green line LUAS Numerous Dublin Bus MetroLink serving approx. 250 m away at routes nearby Dublin Airport from Charlemont stop Charlemont stop - proposed delivery 2027

2 3 IFSC

Grand Canal Docks Temple Bar Trinity Collee

Tt Merrion Square Grafton Street ao

LUAS Cross City

t t St Stephen’s Green

Fitzwilliam Square

Amazon Ireland

ational Concert all Iveah Gardens

LUAS Line Green

Grand Canal

acot

Dartmouth Square

Dublin ilton

Calot Proposed Stop Metrolink Charlemont Square (under construction)

LUAS Line Green Clayton otel

CANALSIDE Grand Canal

Portobello Ranelah

4 5 CANALSIDE GRAND CANAL • CANAL ROAD • DUBLIN 6

STREE D L EL R PA Dominick ST ROA T A E Connolly E TREET E S R T O’Connell Docklands S T ORT C Upper BRUSIC S R O Proposed LT U O THE AREA B Marlborouh C RT ITERATIOAL FIACIAL SERICES CETRE I G S TR EET O Abbey Busaras Street

O’COELL ST O’COELL Geore’s Dock The site is located on the edge of the CBD in an area currently undergoing intense The Point

Mayor Square

QUA development activity. Across the canal office schemes have recently been CAPEL ST CAPEL EDE Spencer Dock

O’Connell

GPO developed at 21 Charlemont Place (37,000 sq ft), 55 Charlemont (58,000 sq ft)

T together with the new 180-bed Clayton Hotel. The rejuvenation of the area E Jervis R RE E O Tara Convention Centre T L continues at a rapid pace. QUA A D Street RR S O A ORM QU C Four Courts A E L E F F E Nearby on Charlemont Street, McGarrell Reilly are developing Charlemont Square, UR IS QUA Proposed C estmoreland TO SE D STR a mixed use scheme comprising 275,000 sq ft of offices, 31,000 sq ft of retail Trinity EE T CIT QUA accommodation and 263 new homes. PEARSE STREET E E G RE LLEG TEMPLE BAR C O TRIIT Located 1 km from St Stephen’s Green, the property is 250 m from the Charlemont COLLEGE GRAD CAAL DOCS stop on the LUAS green line. Charlemont is also the final stop on the proposed EET DAME STR Pearse T T TO AS STREE M E MetroLink which will serve Dublin Airport from 2027. Ranelagh Road, 150 m to the E

S east provides a route to the city centre for a number of Dublin bus services.

E I

BRIDE STREET BRIDE T G Proposed U STREET

O U

S A Dawson G T TO RA E F

E D C R RA R A

T G MOU PE A S R L P S E U T T ST LO RE E T ET O E MERRIO E L L O SQUARE ER T ER E STR BE E OM R E CO T T IO

S St Stephen’s Grand Canal Dock RR

Green E

M ST STEPE’S

E C GREE BA ST I G A MOUT ST UPPER STREET GO E T AEU ST T E BAT R ST E S R St Stephen’s E ST T E EP ES Green M E’ Proposed

O S JA L G ETESBUR STREET ETESBUR R EE

T ACE E L E B P A R G ORTUMBER T G S O L FITZILLIAM LIAM T I IEAG SQUARE L S S T Aviva R S GARDES E AD A E O Stadium R T R B L O E E FITZI GT A I L S A L O ADD C D

SOUT

S T R OAD Lansdowne Road arcourt Proposed R E E REET T

T D D S COURT ROAD N CNL

AR A P R D E ELA MBR

E D I O CULAR ROA C DE E R P CIR R OA SOUT OAD D P A R

U L AD E

O T M R RICMO LAR E O U E E RC AD S CI R T PAR T S D

S T GRA L I PORTOBELLO L

S E S E Calot DARTMOUT S A O R SQUARE

B AD AL RO S CAN R PA T R N CNL A R ELL A E RO E ROAD E AD L GRO T E C UP L PER A G

M OR CANALSIDE E LUAS AMPTO

RDS R R OAD Metrolink E A ERBERT PAR D Ranelah A LO I RAELAG PP D A Dublin Bus Stop LEISTER ROA OA S CRICET R The site is located on the edge of the CBD in CLUB DublinOS Aircoach Stops S

’S CR M an area which is currently seeing intense

D L D R A O DART Stations AT A O R R E R A LA UE G G development activity E U A O OD R O B O TLE RL CAS MA

6 7 SCHEDULE OF ACCOMMODATION

Block C

Floor NIA sq ft Ground & First 9,669

Block B

Floor NIA sq ft Ground 2,429 First 2,575 Second 2,636 Third 2,678

Total B&C 19,987 DESCRIPTION

The property extends to a site area of approx. 0.28 ha (0.7 acres) gross. The net area, excluding the lower ground SHORT TERM TENANCIES floor area to be retained by the vendor, is approx. 0.6 acres.

The property comprises two interconnecting office The offices are currently let to five tenants at a current rent in excess of €320,000 pa. buildings dating from the 1980s, one two-storey, one four-storey, together with a period terrace of single-storey Vacant possession of the entire will be provided on 30 June 2020. over basement houses in a derelict condition.

PLANNING & FEASIBILITY

The property is Zoned Z6 - Enterprise and Employment - under the current Dublin City Council Development Plan 2016 – 2022. The property is located in a Canal Conservation zone under the provisions of the Development Plan.

Henry J Lyons, Architects, have prepared a feasibility study for an office scheme and a hotel development as set out overleaf. The Henry J Lyons schemes are for indicative purposes only and any proposed lower ground floor right of way changes will require agreement with the vendor.

The area hatched green and other rights of way are to be retained by The property extends to a site area of approx. 0.7 acres gross the vendor for its own use at For indicative lower ground floor level only. purposes only.

8 9 3.1 3.1 GROUND FLOOR PLAN - PROPOSED FIRST FLOOR PLAN - PROPOSED

CANALSIDE C H A R L E M O N T M A L L C H A R L E M O N T M A L L GRAND CANAL • CANAL ROAD • DUBLIN 6 OFFICE DEVELOPMENT G R A N D C A N A L G R A N D C A N A L PROPOSED OFFICE DEVELOPMENT FEASIBILITY C A N A L R O A D C A N A L R O A D

DROP-OFF AREA

A feasibility study has been undertaken by Henry J Lyons LIGHTWELL LIGHT Architects for a 76,682 sq ft NIA (94,293 sq ft GIA) office WELL

building. A summary schedule of accommodation for the VEHICLE RAMP OFFICE FLOOR SPACE OFFICE FLOOR SPACE proposed office development is outlined below: 1,625m2 GIA 1,947m2 GIA

PRIMARY PRIMARY Floor GIA sq ft NIA sq ft CIRCULATION CORE CIRCULATION CORE

Lower Ground 6,211 3,574 POTENTIAL POTENTIAL ATRIUM ATRIUM OVER Ground 17,492 14,518

1 20,958 17,395

2 18,460 15,322

3 15,586 12,937 3.1 3.1 FIRE ESCAPE FIRE ESCAPE 4 15,586 12,937 THIRD FLOOR PLAN - PROPOSED LOWER GROUND FLOOR PLAN - PROPOSED

Total 94,293 76,682 C H A R L E M O N T M A L L C H A R L E M O N T M A L L OFFICE

Proposed GGround R A N D C A Floor N A L Plan Proposed GFirst R A N D Floor C A N A PlanL DUBLIN OFFICE MARKET CIF / CWPS Canal Road - Office Option CIF / CWPSProposed Canal RoadGround - Office Floor Option Proposed First Floor 1010 1011 Dublin Cork Shanghai Abu Dhabi Dublin Cork Shanghai Abu Dhabi 07 05 2019 07 05 2019 1:500 @ A3 1:500 @ A3 C A N A L R O A D T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\01 Option 1 - Office\1000 General Arrangement\95-01C A 74N XA 1010 L Ground R O A Floor_Office D T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\01 Option 1 - Office\1000 General Arrangement\95-0174 X 1011 First Floor_Office Ireland is the fastest growing EU economy for the 5th year in a row. The economy is now at close to full employment.

LIGHTWELL LIGHT Demand for larger sized deals continues to grow WELL with the TMT sector dominating demand and OFFICE FLOOR SPACE OFFICE FLOOR SPACE 1,448m2 GIA 332m2 NIA

take-up. Overall GIA - 577m2 ACCESS ACCESS RAMP RAMP OUT IN PRIMARY CIRCULATION CORE While 1.6 m sq ft is due to be delivered in 2019 PRIMARY CIRCULATION CORE STAFF SHOWERS & over 50% of it is pre-let or reserved. The present CHANGING PLANT ROOM

vacancy rate is around 5%. POTENTIAL

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Proposed Typical Upper Floor Plan Proposed Lower Ground Floor Plan CIF / CWPS Canal Road - Office Option CIF / CWPSProposed Canal Road Third - Office Floor Option Proposed Lower Ground Floor 10 1013 11 1009 Dublin Cork Shanghai Abu Dhabi Dublin Cork Shanghai Abu Dhabi 07 05 2019 07 05 2019 1:500 @ A3 1:500 @ A3 T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\01 Option 1 - Office\1000 General Arrangement\95-0174 X 1013 Third Floor_OfficeT:\Jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\01 Option 1 - Office\1000 General Arrangement\95-0174 X 1009 Lower Ground Floor_Office 3.1 3.1 GROUND FLOOR PLAN - PROPOSED FIRST & SECOND FLOOR PLAN - PROPOSED

CANALSIDE C H A R L E M O N T M A L L C H A R L E M O N T M A L L GRAND CANAL • CANAL ROAD • DUBLIN 6 HOTEL DEVELOPMENT G R A N D C A N A L G R A N D C A N A L PROPOSED HOTEL DEVELOPMENT FEASIBILITY C A N A L R O A D C A N A L R O A D

DROP-OFF AREA A feasibility study has been undertaken by Henry

J Lyons Architects, for a hotel. A summary schedule of STAIR 02 ENTRANCE LOBBY STAIR 02 BAR & LOUNGE AREA 125m² VEHICLE VEHICLE accommodation for a 259 room hotel development is 110m² RAMP RAMP LINEN outlined below: COVERED ATRIUM ABOVE RECEPTION COVERED ATRIUM

OFFICE Rooms Rooms OFFICE WC LINEN Floor GIA sq ft STAIR 01 RESTAURANT STAIR 01 No. 18.6 sq m No. 27 sq m 200m²

WC KITCHEN WC LG 6,211 - - 132m² 0 15,662 12 4 SERVICE CORE 1 15,694 50 1

PODIUM GARDEN 2 15,694 50 1

3 14,391 45 2 3.1 3.1 STAIR 03 STAIR 03 LINEN LINEN

6000 6000 4 14,391 45 2 THIRD, FOURTH & FIFTH FLOOR PLAN - PROPOSED LOWER GROUND3100 FLOOR PLAN - PROPOSED 3100

HOTEL 5 14,391 45 2 C H A R L E M O N T M A L L C H A R L E M O N T M A L L Sub Totals 247 12 Total 90,224 259

ProposedG Ground R A N D C A FloorN A L Plan Proposed GFirst R A N D & C Second A N A L Floor Plan CIF / CWPS Canal Road CIF / CWPSProposed Canal Road Ground Floor Proposed 1st & 2nd Floors 1010 1011 Dublin Cork Shanghai Abu Dhabi Dublin Cork Shanghai Abu Dhabi 07 05 2019 07 05 2019 1:500 @ A3 1:500 @ A3 DUBLIN HOTEL MARKET C A N A L R O A D T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\02 Option 2 - Hotel\1000 General Arrangement\95-017C A N4 XA 1010 L GroundR O A Floor_Hotel D T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\02 Option 2 - Hotel\1000 General Arrangement\95-0174 X 1011 First Floor_Hotel

LIGHTWELL LIGHT The shortage of hotel accommodation in Dublin WELL

STAIR 02 city-centre is well-documented as strong leisure GYM AREA 105m² CONFERENCE/ and corporate demand boosts hotel trading LINEN MEETING ROOMS 200m²

ACCESS ACCESS performance. RAMP RAMP COVERED ATRIUM OUT IN PRIMARY CIRCULATION CORE

International tourism is estimated to have STAFF LINEN

increased by 7% in 2018 and passenger numbers STAIR 01 PLANT ROOM

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Proposed Typical Upper Floor Plan Proposed Lower Ground Floor Plan CIF / CWPS Canal Road CIFProposed / CWPS 3rd, Canal 4th Road & 5th - Office Floors Option Proposed Lower Ground Floor 12 1013 13 1009 Dublin Cork Shanghai Abu Dhabi Dublin Cork Shanghai Abu Dhabi 07 05 2019 07 05 2019 1:500 @ A3 1:500 @ A3 T:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\02 Option 2 - Hotel\1000 General Arrangement\95-0174 X 1013 Third Floor_HotelT:\jobs\90-\950174 Construction House\CAD\Design\CIF-CWPS Feasability Study\02 Option 2 - Hotel\1000 General Arrangement\95-0174 X 1009 Lower Ground Floor_Hotel A CANALSIDE GRAND CANAL • CANAL ROAD • DUBLIN 6

FURTHER INFORMATION

TITLE SOLICITORS Freehold/Long Leasehold. Marie O’Riordan Eversheds Sutherland Existing rights of way over the site, to provide One Earlsfort Centre continued access to all existing Construction House Earslfort Terrace car parking spaces, are being retained by the CIF. Dublin 2

DATA ROOM Peter Jones Further information in relation to the property is McCann FitzGerald available via a virtual data room. Dataroom access is Riverside One available upon request from the joint agents. 37-42 Sir John Rogerson’s Quay Dublin 2

BER Blocks B and C, Canal House:

2/6 Dunville Terrace Cottages:

AGENTS

JLL FQP Styne House 10 Herbert Street Upper Hatch Street Dublin 2 Dublin 2

ww.jll.ie www.fqp.ie

PSRA: 002273 PSRA: 003549

Des Lennon Suzy Quirke T: +353 1 673 1617 T: + 353 1 232 1015 E: [email protected] E: [email protected]

Jones Lang LaSalle Ltd and FQP 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 Jones Lang LaSalle Ltd and FQP 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 the joint agents nor any of its 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. This brochure is issued by Jones Lang LaSalle Ltd and FQP on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland. Designed and produced by Creativeworld. Tel +44 [0] 1282 858200

14 15 CANALSIDE GRAND CANAL • CANAL ROAD • DUBLIN 6