TREASURY Holdings has let the remaining commercial unit in its Alto Vetro glass-fronted building at Grand Canal Quay, Dublin 2, while on the residential floors above, all but two of the apartments are finally leased.

The building, which has recently won a Royal Institute of British Architects (RIBA) international award for design excellence, is among the most slender in the city, with just two shop units at ground level. One of these is a barber’s shop; the other is now let to Art of Coffee, run by barista champion Ruslan Moncharskyy.

The 16-storey building has just two apartments per floor and from the outset, Treasury opted to rent rather than sell the units. This has taken some some time, given the oversupply of apartments, but now, according to Treasury’s Dee Ahearn, all but the two penthouse units are rented. Treasury had been asking rents of €2,200 to €2,500 for the two-bed aparments; the penthouses are available at €4,000 to €4,500 each.

Meanwhile in Cork, Ireland’s tallest building, the 17-storey Elysian, which cost some €150 million to develop, has a new commercial tenant in Euromedic Ireland, which has taken 1,300sq m (14,000sq ft) of space in the mixed use development next to City Hall.

Developer O’Flynn Construction unveiled the residential part of the scheme – 214 units – last September, as the property market nosedived. Prices started at around €375,000 for one-beds rising to €2 million for a penthouse, but after six months the company confirmed that it had sold just 25 units.

Recently O’Flynn has rented out a further tranche of the aparments, while denying rumours that it is cutting prices to shift homes in the landmark scheme. Yesterday a spokeperson for the company acknowledged that it could take “a number of years” to sell the scheme.