Construction BUSINESS

U+I Group and Colony Capital have announced that construction works for The HIVE, Sandyford (formerly Ballymoss House) are now in the final stages with practical completion scheduled in August 2019. The entire building is available to let either as a single Headquarters of 73,000 sq ft or on a multi floor basis with typical plates of 17/18,000 sq ft. The leasing agents HWBC are quoting a rent of €32.00 per sq ft and €1,750 per car space pa.

The HIVE will provide a total of 6,780 sq m Grade A offices over 4 floors with an excellent car parking provision of 117 spaces (to include e-charge facilities) and is conveniently located just 220 meters from the Stillorgan LUAS station. The floor plates are extremely efficient in terms of configuration for occupier layout and high-quality tenant amenities will include showers, drying rooms, locker and changing facilities in addition to secure bicycle parking with 96 spaces.

Collen 200 are the appointed contractors and works commenced in August 2018 to include new glazed facades with an enclosed feature Atrium space for tenant amenity use. The 73,000 sq ft of office space in The HIVE building will be of interest to businesses seeking to improve their environmental objectives and productivity by upgrading their office space, as the Landlord is also targeting a LEED Gold energy rating, BER A3 and a Platinum WiredScore rating has already been awarded.

Arlene Van Bosch (pictured), Development Director of U+I in Ireland, said: “The Dublin office market remains strong with almost continuous growth over the past number of years. This has been underpinned by a number of large deals this year, particularly in the TMT sector, such as Facebook’s recent take-up of 172,000 sq ft of space in Sandyford.  This level of take-up is a real vote of confidence from the market in the strength of Sandyford as a business hub – something which we recognised when we acquired The HIVE, or Ballymoss House as it then was, in 2016.

In keeping with our other recent completions in the Dublin market such as Vertium and Donnybrook House, we are refurbishing The HIVE to the highest standards and we are on track for our practical completion inAugust. It is an excellent property in a fantastic location and it has generated strong interest to date, and so we expect that it will be of particular interest to tenants seeking a high-spec property outside of the City Centre.”

Paul Scannell of HWBC commented: “The HIVE is one of the best located office buildings in Sandyford adjacent to two LUAS stops providing easy access to the city centre and south suburbs. The well designed and flexible floor plates, high parking ratio and quality of tenant amenities will appeal to occupiers in the technology, fintech, medtech and financial services sectors.”