Tracey Solicitors in move to Trinity Street offices

Law firm expands practice into three floors of redeveloped property for €300,000 a year

The Dublin firm of Tracey Solicitors is to expand its practice and relocate to high-profile offices at Trinity Street, D2.

Tracey, which is based at the former EBS building on Westmoreland Street and in a second office on Clarendon Street, will shortly move to the top three floors of a newly redeveloped block at the junction of Trinity and St Andrew streets.

The legal practice is understood to have agreed an initial rent of about €300,000 per annum – equating to about €505/sq m (€47/sq ft) for 573sq m (6,157sq ft) on the three levels, including a newly built top floor that features a balcony with superb views over much of the city.

The high-quality office facilities attracted a range of inquiries when offered to let through Ben Pearson of Agar commercial property consultants. The successful tenant was advised by Keith O'Neill of BNP Paribas Real Estate.

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The building originally served as a showroom for the Department of Environment. When the department’s lease ran out it was acquired by property developer Francis Rhatigan for about €3.5 million. He subsequently received planning permission to introduce radical changes, including the creation of 610sq m (6,566sq ft) of retail space at ground basement and first floor levels. This was subsequently let to Cotswolds, a UK specialist in outdoor clothing, at an initial rent of €275,000 per annum.

Mr Rhatigan also went to considerable expense to add a penthouse floor with an outdoor balcony.

Pedestrian traffic along Trinity and St Andrew street has grown significantly since H&M opened a new store in the former Northern Bank premises next to St Andrew Street Post Office. Visitor numbers are expected to receive a further boost when St Andrew’s Church on Suffolk Street is converted for use as a dining facility.

Jack Fagan

Jack Fagan

Jack Fagan is the former commercial-property editor of The Irish Times