The former Apollo House, in which ‘Home Sweet Home’ activists occupied in December 2016, has been placed up for sale, with industry sources believing it to be worth up to €40m.
Planning permission has already been granted for a 10-storey, over basement 12,622 sq m office block on the site. The planning permission also allows for ground floor retail, café, bar and restaurant units.
Designed by architects Henry J Lyons, the new building will feature a double basement providing 40 car parking spaces and 166 bicycle spaces.
A wrap-around terrace on the 8th floor will give spectacular panoramic views of the Docklands.
Mark Reynolds is director of development and consultancy at Savills Ireland, who are responsible for handling the sale.
He says: “There are very few sites with development potential remaining in Dublin’s CBD (Central Business District), so this truly is one of the last opportunities to acquire a site of scale in a location where demand for office space is strong”.
In the last two years office-based employment in Dublin has increased significantly, with almost 19,000 new office-based jobs created in that time, leading to the highest levels of demand for office space in Dublin.
