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INTERNATIONAL HOUSE HARBOURMASTER III IFSC ∙ DUBLIN 1

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Page 1: INTERNATIONAL HOUSE HARBOURMASTER IIIs3-eu-west-1.amazonaws.com/mediamaster-s3eu/8/8/8816e51998c5b2c15108... · Samuel Beckett Bridge (2010) Dublin City Moorings Sean O’Casey Bridge

I N T E R N AT I O N A L H O U S E

H A R B O U R M A S T E R I I II F S C ∙ D U B L I N 1

Page 2: INTERNATIONAL HOUSE HARBOURMASTER IIIs3-eu-west-1.amazonaws.com/mediamaster-s3eu/8/8/8816e51998c5b2c15108... · Samuel Beckett Bridge (2010) Dublin City Moorings Sean O’Casey Bridge

T H E O P P O R T U N I T Y

OFFERING a six storey Grade A office building extending to 4,919.1 sq m (52,948 sq ft) completed in 1995 with 52 car parking spaces including 42 at basement level

FULLY LET TO A HIGH CALIBRE OF TENANTS including Depfa Bank Plc, Danske Bank, ANP International Finance, WGZ Bank Ireland and Afilias with a WAULT of approximately 4.38 years

PASSING RENT of approximately €2.456 million per annum

ASSET MANAGEMENT OPPORTUNITIES to take surrenders and refurbish floors to drive rental evidence

FOR SALE by Private Treaty (Tenants not affected)

RECOVERY IN RENT IS WELL UNDER WAY WITH LETTINGS IN SIMILAR BUILDINGS AT

€47 PER SQ FT IN THE IFSC

Harbourmaster III is located in the heart of the International Financial Services Centre and offers an excellent opportunity

to access the rising office market in one of Dublin’s most established business districts

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T H E I F S C

The IFSC was established in 1987 and is now a prestigious integrated development located in central Dublin, which

incorporates world-class office accommodation, educational institutions, convention centre, executive housing,

hotels, restaurants and shopping facilities.

The IFSC now accommodates many of the world’s premier financial institutions together with the leading professional services firms that support them. There are currently over

400 companies trading in the location including JP Morgan, Citibank, AIG Life, Depfa Bank, Merrill Lynch, A&L

Goodbody, PWC and KPMG.

hArBOurMASTer iii IS LOCATED IN THE INTERNATIONAL FINANCIAL SERVICES CENTRE (IFSC), DUBLIN 1,

ONE OF THE LEADING FINANCIAL SERVICES LOCATIONS IN WESTERN EUROPE

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Eastpoint Business Park

Yahoo

Gibson Hotel

3 Arena

New Central Bank HQ

PWC

Credit Suisse

OPW

Convention Centre Dublin

Commerzbank

AIG

A&L Goodbody

Spencer Hotel

Citibank

Bank of Ireland

Depfa Bank

Jurys Hotel

CHQ

Société Générale

Susquehanna

Zurich

Custom House

Bus Aras

Deustche Bank

Maxol

Citco

Wells Fargo

KPMG

JP Morgan

Rabobank

BNP Paribas

Hedgeserv

AIB

Regus

Aviva Stadium

Mason Hayes & Curran

Google

Airbnb

State Street

Matheson

Beauchamps

McCann Fitzgerald

The Samuel Beckett Bridge

Facebook

The Marker Hotel

Bord Gais Theatre

NTMA

Le Bruin Private

Bloomberg

Verizon

KBC

Morgan Stanley

BNY Mellon

Chartered Accountants Ireland

Pearse Station

Trinity Collage

Grant Thornton

Ulster Bank

RIVER LIFFEY

GEORGE’S DOCK

GRAND CANAL

DOCKS

CONNOLLY

STATION

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Harbourmaster III enjoys excellent transportation links with Busáras offering intercity bus services within a couple of minutes walking distance. Connolly Train Station offering

DART, Arrow Suburban Rail and regional services and the LUAS Red line is practically outside the front door.

Busárus

Dublin City Library & Archive

Tara StreetStation

HeraldicMuseum

HuguenotCemetery

Grand CanalDock Station

National Collegeof Ireland

Merrion Square

Future development

MISERY HILLMISERY HILL

MAYOR STREET LOWER

CUSTOM HOUSE QUAY NORTH WALL QUAY NORTH WALL QUAY

LUAS under construction

AM

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PEARSE STREET

PEARSE STREET

RINGSEND ROADRINGSEND ROAD

BRIDGE ST

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MOUNT STREET LOWER

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CUSTOM HOUSE HARBOURSHERIFF STREET LOWER

ORI

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TOWNSEND STREET TOWNSEND STREET

TOWNSEND ST

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LINCOLN PLACE

FENIAN STREET

HOGAN PLACE

GRAND CANAL STREET LOWER

GRAND CANAL STREET UPPER

CU

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CITY QUAY

CITY QUAY SIR JOHN ROGERSON’S QUAY SIR JOHN ROGERSON’S QUAY

HANOVER QUAY

GREEN STREET EAST

CH

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HORSE FAIR

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LUAS under construction

MOLESWORTH ST

MAYOR STREET

DavenportHotel

Samuel BeckettBridge(2010)

Dublin CityMoorings

Sean O’CaseyBridge

LiffeyVoyage

Faminestatues

DocklandsStation

PearseStation

National HistoryMuseum

GovernmentBuildings

LeinsterHouse

TrinityCollege

CustomHouseCustomHouse

National Collegeof Ireland

ConventionCentre(2010)

ConventionCentre(2010)

Point VIllageDevelopment Area

The O2The O2

ProposedWatchTower

ShelbournePark

GasworksGasworks

Grand CanalDock Station

GrandCanalHotel

WaterwaysVisitorCentre

Boland’sMill

TrinityEnterpriseCentre

Grand CanalSquare

ChimneyPark

ChocolateFactoryPark

PearseSquare

Dublin City Library & Archive

NationalGallery

HeraldicMuseum

NationalLibrary

NationalMuseum

TrinityCapitalHotel

Tara StreetStation

George’sQuay

LinearParkLinearPark

MayorSquare

CentralSquare

Spencer DockIFSC

ClarionHotel

NC Iris

TalbotMemorialBridge

RIVER LIFFEY

Cill Airne

Diving Bell

HolidayInn

AlexanderHotel

MontClareHotel

NationalMaternityHospital

HuguenotCemetery Merrion

Hotel

Merrion Square

Lock Gates

GRAND CANAL DOCK

ProposedU2 Tower

East LinkBridge

LiffeyVoyage

GRA

ND

CAN

AL

GravingDocks

NewSquare

College Park

Rugby Ground

ESB Sports& LeisureCentre

RIVER D

OD

DER

ProposedDodder Bridge

Jury’s Inn

Custom House Plaza

GEORGE’SDOCK

INNERDOCK

Garda

Busárus

MaldronHotel

AdmiralBrownstatue

Thechqbuilding

Thechqbuilding

RO

YA

L C

AN

AL

GrandCanalTheatre(2010)

GrandCanalTheatre(2010)

ConnollyStation

Liffey Ferry

T R A N S P O R TAT I O N

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HARBOURMASTER I I I

The property occupies a prominent position on Harbourmaster within the IFSC and provides 4,919.1 sq m (52,948 sq ft) of Grade A office accommodation over 5 floors. In addition there are 52 car parking spaces, 42 of which are at basement level, together with bicycle stands.

The building is constructed around a concrete frame structure with block infill walls and red-brick and glazed outer leafs. All office floors are of concrete construction while the plant level is of steel frame construction to include a Trocal roof. The plant room which contains the chillers and mechanical plant are located at roof level.

The impressive reception area is finished with a tiled floor, suspended ceilings incorporating down lighters and a marble effect reception desk. The main core provides a bank of three 10 person passenger lifts together with a stair well and male and female toilet accommodation on each floor.

hArBOurMASTer iii OFFERS EXCELLENT FLEXIBILITY WITH THREE WINGS OFF A CENTRAL CORE AND CAN ACCOMMODATE OFFICE SUITES

FROM APPROXIMATELY 2,500 SQ FT TO ENTIRE FLOORS OF 11,500 SQ FT.

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F LO O R P L A N S

Fem

ale W

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Male

WC

Lifts

Balcony

Balcony Balcony

Balcony

Balcony

Balcony

Lifts

F O U R T H F LO O R

T Y P I C A L F LO O R P L A N

Fem

ale W

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Male

WC

Lifts

Common Reception

G R O U N D F LO O R

For illustrative purposes only

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T E N A N C Y

Demise Tenant Occupied By

Car Spaces

Area Sq M

Area Sq Ft lease Start Duration

(years)lease expiry

passing rent

Part Ground

ANP International Finance Ltd.

ANP International Finance Ltd.

4 339.7 3,656 29-June-95 25 28-June-20 €148,795

Part Ground

FTI Finance Ltd.

FTI Finance Ltd. 4 346.1 3,725 29-June-95 25 28-June-20 €186,753

Part Ground

Enterprise Registry Solutions Ltd.

Enterprise Registry Solutions Ltd.

  233.8 2,517 02-Jan-13 5 01-Jan-18 €57,360

Part First

Depfa Bank PLC

DZ Bank Ireland PLC 1 5 397.2 4,275 29-June-95 25 28-June-20 €218,484

Part First

Depfa Bank PLC

Danske Bank A/S 1 8 669.9 7,211 29-June-95 25 28-June-20 €358,307

Part Second

Depfa Bank PLC

RDZ Consulting Ltd. 1

5 415.8 4,476 29-June-95 25 28-June-20 €223,502

Part Second

Mediterranean Nautilus Ltd.

Lan Med Nautilus Ltd. 2

3 352.2 3,791 29-June-95 25 28-June-20 €115,000

Part Second

Allianz Ireland PLC

WGZ Bank Ireland PLC 2

3 302.9 3,260 29-June-95 25 28-June-20 €161,488

Part Third

National Irish Bank Ltd.

Danske Bank 11 1,075.2 11,573 29-June-95 25 28-June-20 €571,519

Fourth Depfa Bank PLC Afilias PLC 1 7 786.3 8,464 29-June-95 25 28-June-20 €411,786

CPS National Irish Bank Ltd.

Danske Bank 1           €3,382

TOTAL     51 4,919.1 52,948       €2,456,377

The schedule sets out a summary of the lettings in Harbourmaster III

1 Sub-letting 2 Assignment

NOTES: Enterprise Registry Solutions Ltd. rent steps up to €60,945 in year 5.The above areas which are calculated on a Net Internal Area basis were provided by Malcolm Hollis. An assignable measurement survey is provided in the data room which can be assigned to the successful purchaser.

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T H E O C C U P I E R S

FTI FINANCE LTD FTI are a specialist international treasury company providing treasury management, systems, consultancy and training to a diverse global client base. Their clients include a wide range of corporates, banks and public sector treasuries.Founded in 1988, FTI is an owner-managed, independent private company, based in Dublin’s International Financial Services Centre (IFSC), with subsidiaries in Sofia and South Africa.Further information is available at www.ftitreasury.com

7.6% of income

Depfa bank plc is a Dublin based bank incorporated under Irish law. It has grown a network of international subsidiaries and branch offices. Depfa Group specialises in providing financial services to the public sector. Since December 2014 it is a 100% owned subsidiary of FMS-Wetmanagement AOR.Futher information is available at www.depfa.com

DEPFA BANK

49.3% of income

DANSKE BANK Danske Bank, formerly known as the National Irish Bank, is a bank operating in the Republic of Ireland and is a subsidiary of the Danske Bank Group which is headquartered in Copenhagen.The Danske Bank Group is an established Nordic financial services provider with a core activity in retail banking. They also provide asset management, investment, pension, mortgage finance, insurance, real estate agency and leasing services to around 3.8 million personal customers. Further information is available at www.danskebank.ie

23.4% of income

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ALLIANZ IRELAND PLC

Allianz is a German company which offers a comprehensive range of insurance and asset management products and services to 85 million customers in more than 70 countries. Further information is available at www.allianz.com/en/

6.6% of income

Enterprise Registry Solutions (ERS) is an Irish Company specializing in the provision of consulting services and solutions to the commercial registry domain. Their services include public e-filing and product ordering, state of art name searching and document imaging systems. Further information is available at www.ersl.ie

ENTERPRISE REGISTRY SOLUTIONS

2.3% of income

LAN MED NAUTILUS Lan Med Nautilus Limited, a wholly owned subsidiary of Telecom Italia Sparkle, is a high quality broadband network service provider with operations throughout Europe. Lan Med Nautilus is headquartered in Dublin.Further information is available at www.lanmednautilus.com

4.7% of income

MAINSTREET INTERNATIONAL FINANCE LIMITED

Mainstreet International Finance Limited (formerly ANPI) is a subsidiary of Mainstreet Bank Limited. The company provides a range of international financial services to its parent bank and manages proprietary assets and liquidity. Its parent company, Mainstreet Bank, is a large financial services provider in Nigeria. Mainstreet Bank (MBL) was formed in August 2011 by taking over the assets and some of the liabilities of the now defunct Afribank Plc. As of January 2012, the assets of Mainstreet Bank Limited are 100 per cent owned by Asset Management Company of Nigeria (AMCON), an arm of the Federal Government of Nigeria. ANP International Finance Limited was initially founded in 1987. Further information is available at www.mainstreetintfinance.ie

6.1% of income

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R E C E N T I N V E S TM E N T T R A N S A C T I O N S

THE ANCHORAGE 17-19 Sir John Rogerson’s Quay, Dublin 2

DESCRIPTION: Grade A six storey over basement office building comprising 9,323 sq m

Tenancy: Fully let to McCann Fitzgerald with 16.4 years unexpired

Price: €80.5 million

Income Yield: 4.34%

Date: Q2 2015

DESCRIPTION:Grade A six storey over basement office and retail building comprising 2,470 sq m

Tenancy: Multi-let to d’Amico, Walkers and Blooomberg with a WAULT of 4.8 years

Price: €26.6 million

Income Yield: 4.51%

Date: Q2 2015

RIVERSIDE 1 Sir John Rogerson’s Quay, Dublin 2 (70.8% interest)

2 GEORGE’S DOCK IFSC, Dublin 1

BLOCK R Spencer Dock, Dublin 1

DESCRIPTION: Grade A seven storey over basement office building comprising 11,944 sq m

Tenancy: Multi-let to The Central Bank, OPW and Nationwide Building Society with a WAULT of 9.9 years

Price: €104 million

Income Yield: 4.48%

Date: Q3 2015

DESCRIPTION: Grade A six storey over basement office building comprising 4,020 sq m

Tenancy: Multi-let to Rabobank, Susquehanna and Airbus Financial with a WAULT of 6.5 years

Price: €35.5 million

Income Yield: 5.52%

Date: Q3 2015

Please note all prices quoted are approximate.

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W H Y I N V E S T I N D U B L I N ? FASTEST growing economy in the

OECD for the last two years running

GDP in excess of 6.7% anticipated in 2015

UNEMPLOYMENT RATE HAS DECLINED from 15.1% in 2012 to 8.8% by mid-year 2015 and is continuing to decline

ONLY ENGLISH SPEAKING COUNTRY in the Eurozone which coupled with 12.5% corporate tax rate attracts significant Foreign Direct Investment (FDI), particularly to Dublin

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EUROPEAN GDP GROWTH FORECASTS

Source: International Monetary Fund, World Economic Outlook Database, CSO

IREL

AND

MAL

TA

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LUXE

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2

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2015 2016

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THE IRISH INVESTMENT MARKET

TOTAL INVESTMENT MARKET TURNOVER in 2015 reached approximately €3.5 billion

Approx. €2.7 BILLION (76%) was transacted in the Dublin market

OFFICE TRANSACTIONS made up 48% of the value of turnover

DOMESTIC AND INTERNATIONAL INVESTMENT appetite continues to be strong for prime well let opportunities

PRIME OFFICE YIELDS continued to tighten in 2015 as more deals were completed and the occupational market continued to strengthen

OVERALL the Irish investment market is poised to have another strong year in 2016

THE DUBLIN OFFICE OCCUPATIONAL MARKET

THE DUBLIN OFFICE MARKET now extends to some 3.98 million sq m (42.8 million sq ft) of accommodation

2015 SAW A RECORD VOLUME of 248,944 sq m (2,679,611 sq ft) of take-up being achieved in Dublin

CONSISTENT VOLUME of take-up activity fuelled by Foreign Direct Investment and domestic economic recovery

AVERAGE ANNUAL TAKE UP of 175,274 sq m (1,886,634 sq ft) in last 10 years in Dublin.

LACK OF DEVELOPMENT ACTIVITY over recent years has fuelled supply shortages in some core locations

GRADE A VACANCY RATE of 2.05% in the IFSC

PRIME OFFICE RENTS in Dublin have risen at a faster pace than any other Eurozone location over the last 12 month period and are up 57% in the last 24 months

PRIME RENTS currently at €592 per sq m (€55 per sq ft) with significant growth potential

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JOINT SELLING AGENTS

Connaught House, 1 Burlington Road,Dublin 4, Irelandwww.cbre.ie

JOINT SELLING AGENTS

33 Molesworth Street,Dublin 2, Irelandwww.savills.ie

SOLICITORS

Riverside One, Sir John Rogerson’s Quay, Dublin 2, Irelandwww.mccannfitzgerald.ie

DOMhnAill O’SulliVAn+353 (0)1 618 [email protected]

KeVin MCMAhOn+353 (0)1 618 [email protected]

rOiSin rAFFerTy+353 (0)1 618 [email protected]

ShAne FAhy+353 (0)1 607 [email protected]

JOhnny hOrGAn+353 (0)1 618 [email protected]

COlM luDDy+353 (0)1 618 [email protected]

STephen Aherne+353 (0)1 618 [email protected]

FURTHER INFORMATION CONTACT DETAILS

VieWinGS All viewings are strictly by appointment through the joint selling agents

Tenure Leasehold subject to nominal rent

CApiTAl AllOWAnCeS

There are Case V Capital Allowances available with the property. We understand that Industrial Buildings Allowances of approximately €1 m per annum may be claimed over a 4.5 year period. Prospective purchasers should satisfy themselves as to the availability and level of any Capital Allowances available. Further details are available on the data room.

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DATA SiTe www.harbourmasterIII.com

SAVillS & CBre DiSClAiMerSavills Ireland / CBRE 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 Savills Ireland / CBRE nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property, and neither Savills Ireland / CBRE 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 Savills Ireland / CBRE 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.

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