Warehouse owned by U2 in Dublin’s docklands set to sell for up to €15m

A Victorian warehouse in Dublin's south docklands owned by U2 is to be offered for sale from Wednesday.

The building, facing Samuel Beckett Bridge at 32-34 Sir John Rogerson’s Quay, overlooks the river Liffey in an area that has undergone dramatic redevelopment in recent years.

The listed building with 2,572sq m (27,684sq ft) on two levels, was originally known as the Tropical Fruit Warehouse and in recent years was used as offices by U2's Principle Management Ltd. It also handled all European fan mail for the group.

Selling agent JLL has not yet indicated a selling price but given the scramble for new office development sites in the south docklands, it is likely to be snapped up at anywhere from €12 to €15 million.

Sir John Rogerson's Quay and surrounding area has attracted many big-name tech firms in recent years, including Facebook, Google, Airbnb and TripAdvisor. Estate agents agree it is now the most sought-after location for office sites in the city.

Zoning

The building is located in a Strategic Development Zone which fast-tracks the planning process and, although the main warehouse is unlikely to be redeveloped, new owners could seek planning permission for a five-storey office or residential development, which is allowed under the site’s zoning.

A feasibility study prepared by John Spain Associates and Core Architects suggested an office building extending to 5,148.5sq m (55,418sq ft) could be accommodated to the rear of the warehouse.