Iput has begun demolition work on the 40-year-old office building previously occupied by the Passport Office and estate agents JLL at the corner of Molesworth Street and South Frederick Street in Dublin city centre in preparation for the development of a €40 million landmark block.

Number 10 Molesworth Street will have 10,683sq m (115,000sq ft) of grade-A space over seven floors with a glass-fronted entrance framed in Portland stone. The layout will include the now standard double-height reception area as well as a central courtyard garden and extensive terraced areas off the fourth and fifth floors.

The building will have a number of attractive amenities for employees including locker rooms and changing spaces, bike racks and a gymnasium.

0 of 5

Joint letting agents Knight Frank and JLL are expected to pitch for a rent of €700 per sq m (€65 per sq ft) which might well be achieved at least for the best floors in the new building. Ten Molesworth Street will be one of the first office buildings in this country designed and constructed to meet the LEED Platinum standard. It has also been designed to meet an A3 energy rating. The block will form part of a pipeline of new and refurbished office developments to be undertaken by Iput which will provide about 37,160sq m (400,000sq ft) to the Dublin market over the next three years.