A round-up of today's other stories in brief
Fidelity sublets office space
THE ONLINE trading brokerage Fidelity has sublet 1,055sq m (11,367sq ft) of office space at its building at Lake Drive in Citywest Business Campus in west Dublin. A five-year lease has been agreed with ISS, the property management facilities company, which is understood to be paying just over €275 per sq m (€20 per sq ft).
HT Meagher O’Reilly and Jones Lang LaSalle handled the assignment of the lease.
Docklands building filling up
ALAN MORAN of CB Richard Ellis is quoting a rent of €107 per sq m (€10 per sq ft) for the last remaining floor of 1,041sq m (11,200sq ft) in Block T at East Point business park in the Dublin docklands.
The two other floors in the block were recently let to Ergo, a software support solutions company, and PaceMetrics, which provides data management solutions to help companies achieve accurate pricing.
Ireland touted as ADR centre
AN ALTERNATIVE dispute resolution (ADR) service has been launched in Ireland for those prepared to use arbitration or mediation as a means of resolving disputes.
Businesses, the legal profession and private individuals now have the option of applying directly to a new interactive website (arbitration.ie) for the services of a member of the Chartered Institute of Arbitrators.
Irish branch chairman, Terence O’Keeffe, told the world conference in Dublin last weekend that there were opportunities for Ireland to convey to the international business community that it was a credible alternative to London and Switzerland as a centre for the resolution of international disputes. The profession, he said, was worth in the region of €50 million to the Irish economy – and could be worth far more if Ireland became a recognised international ADR services centre.
Galway property slashes price
A TWO-STOREY cut-stone building on a redevelopment site of 0.4 of an acre at Clarinbridge, Co Galway, is to be offered for sale at €780,000 – more than €2 million less than was sought for it at the height of the property boom in 2006.
The property, Clarinbridge House, along the main street in the village was sold last November at €1.25 million but the sale was never completed. Estate agent Fenella Boland is again marketing the property which has been in residential and commercial use and includes a rear courtyard.
Electric store site for sale
ROBERT MCNAMARA of agents Bannon is seeking offers over €950,000 for the former Discount Electric store at 65/66 Mountjoy Square West in Dublin 2. The property is being sold on the instructions of liquidator Paul McCann of Grant Thornton. The two Georgian houses have a combined floor area of 837sq m (9,016sq ft) including 188sq m (2,029sq ft) at ground-floor level. Poor quality buildings at the rear could be demolished to make way for a mews.
Skechers steps onto Irish soil
A FRANCHISEE for the American footwear giant Skechers is to open its first Irish store in the former Envy outlet at 4 Henry Street, Dublin 1. The firm will be paying a staggered rent of up to €350,000 for the four-storey over basement building which has 370sq m (3,983sq ft) of retail space on the ground floor and basement. Although well located opposite Debenhams and close to Arnotts the building, owned by Irish Life Investment Managers, has taken almost 12 months to let because of the fall-off in consumer spending. The original rent sought was €525,000. The 15-year lease provides for a break in year 10.
Karl Stewart of DTZ Sherry FitzGerald, who advised Skechers, said they were looking for two more stores in prime locations. John Garvey of Lisney handled the letting.
