The streetscape of Burlington Road in Dublin 4 is set to change dramatically with the addition of a new 172,000 square foot office building.
Vertium, a new six-storey building due for completion in Q2 2017, is described by joint letting agents Savills and Knight Frank as a “statement office development dedicated to creating a bright, inviting and energy efficient workspace”.
Construction activity is well underway, with the basement fully excavated and the main structure now rising. In light if calls from the Government and the IDA to provide more quality office space, the building will be the first major CBD (central business district) office development to come on stream since the economic downturn.
The project is the result of a collaboration between three major property companies: Union Investment, U+I and Ronan Group.
Surrounded by 1,800 square metres of creative landscaping, the panoramic building will span almost 100 metres on Burlington Road and, upon completion, could accommodate up to 2,000 workers.
Roland O’Connell, Chairman of Savills and Declan O’Reilly, Director of Knight Frank, the joint letting agents for Vertium, made a joint statement: “It has been well documented that there is simply not enough office space to meet the demand of occupiers in Dublin’s central business district. Major new office schemes such as the Vertium building are crucial in ensuring Dublin remains a competitive city when it comes to attracting foreign direct investment. The level of interest, best expressed by occupiers already, is very encouraging, prompted by the fact that there is very little new stock that can be delivered within the next 15/18 months in Dublin.”