The State Pension Board is believed to have agreed to pay a rent of £40 (€50.79) a sq ft for 10,600 sq ft of space in the newly completed Verschoyle House at Lower Mount Street, Dublin 2. The board will have a break option in the 15th year of a 25-year lease.

A further 2,900 sq ft in the same building is to be occupied by Life Strategies Ltd, a wholly-owned subsidiary of the Marlborough Stirling Group, also at a rent of £40 (€50.79) a sq ft.

James Mulhall of Insignia Richard Ellis Gunne, who is handling the lettings, is now marketing the ground floor with 3,824 sq ft of space. It has a double height atrium. The block was developed by the Cavan-based developer Mark Elliott. Paul Fanning of Lambert Smith Hampton acted for Life Strategies.