CHARLEMONT EXCHANGE. Charlemont Street, Dublin 2

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1 CHARLEMONT EXCHANGE Charlemont Street, Dublin 2

2 CHARLEMONT EXCHANGE Exceptional Dublin 2 Office Building Refurbishment and Expansion Opportunity subject to P.P.» 3 INTERCONNECTING OFFICE BLOCKS (A+B+C)» AVAILABLE FOR SALE IN ONE LOT (A+B+C) OR TWO LOTS (A+B) OR (C)» 6,776 SQ.M. OF EXISTING ACCOMMODATION & 94 CAR PARKING SPACES F OR S A L E ( B y P r i va t e Tre a t y i n O N E o r T W O LOT S ) On the in s tru c tion of ACCLM/Raboban k» POTENTIAL TO UPGRADE & DELIVER TO MARKET IN 2017» POTENTIAL TO ADD OVER 2,200 SQ.M. OF PRIME NEW OFFICE SPACE (SPP) CONTE N T S 4 E xecu t i ve S u m mar y 1 4 C e n t ral L o c a tio n 6 Dublin Offi c e M a r ke t C o nside ra t i o n s 1 6 F l o or Plan s 8 Charlem o nt E xchang e 1 8 D evelo p m ent Oppo r t u n i t y 1 0 Prime L o c a tio n 24 Building Specific a tio n / P articu l a r s 1 2 Tra n spo rt Link s 2 6 Co nt a ct

3 EXECUTIVE SUMMARY CHARLEMONT EXCHANGE Blocks (A + B) & C, Charlemont Exchange affords an investor /developer or owner occupier an opportunity to acquire an outstanding high profile Office HQ. With asset development / refurbishment opportunities, allowing for speed of delivery into the market place, or alternatively offering scope to add on value by extending the buildings (Subject to P.P). The opportunity presents as follows:» Former ACCLM/Rabobank Headquarters comprising of three interconnected buildings that are available for sale in one lot (A+B+C) or two lots (A+B) or (C).» Constructed in late 1997 Charlemont Exchange is located at the corner of Charlemont Street and Charlemont Place, Dublin 2.» The buildings offer approximately 6,776 sq.m. (entire) or two self-contained buildings made up of Blocks (A+B) 4,879 sq.m. and Block C 1,897 sq.m.» 94 secure basement car parking spaces are available on a pro rata basis.» All three interconnecting blocks offer flexible floor spaces and potential for block sub-division.» Vacant possession and long leasehold title of 996 years from 1st July 1997.» The Architectural Feasibility Study carried out by BKD Architects provides for an additional floor area of 2,213 sq. m. NIA. bringing the building s proposed total NIA to 8,989 sq.m. This opportunity to add value is further endorsed by the IMG Planning Risk Assessment.» The development forms part of a larger mixed scheme including the Hilton Hotel and Block D (office building).» High profile HQ building offering dramatic vistas over the Grand Canal and the Dublin Mountains.» A desirable Dublin 2 locale as evidenced by a diverse range of national and international occupiers close by.» The location offers a wide variety of Dublin s best amenities, such as restaurants, artisan coffee shops, bars, hotels, farmers markets, gyms and cultural venues. In addition to such amenities the location offers ease of access to The Iveagh Gardens, St. Stephen s Green, Fitzwilliam Square and Grafton Street.» Immediate access to transport links such as Dublin Bikes, Charlemont Luas Terminal and Taxi facilities. 4 5

4 DUBLIN OFFICE MARKET CONSIDERATIONS CHARLEMONT EXCHANGE % 7% Irish GDP growth of 4.9% forecast for 2016 vs. European neighbours where growth for 2016 is expected to reach 1.8% Economic growth is being driven by high investment rates in the economy with the Department of Finance projecting investment to grow by 13.5% in 2016 and 7.0% in Strong Occupier Demand Office take-up in Dublin in the first half of 2016 was 1.2 million sq. ft. Dublin city centre market is dominated by the Technology, Media and Telecommunications (TMT) sector, accounting for 41% of total space let in Dublin 2 in the first half of 2016 Finance had the next highest market share, accounting for 37% of take-up Supply and Rents 2016 was the first year to see significant new supply brought to the market since 2011, although with just approximately 1.5 million sq ft due to be delivered, it is not of sufficient quantum to relieve the chronically low levels of availability in Dublin. This is especially true when one considers that approximately two thirds of this new space has been already let or is being built by owner occupiers. Looking at 2017, approximately 25% of the forecast excess 2.5 million sq.ft. that is due to be constructed has already been taken indicating that the lack of supply will continue to dominate market sentiment. Prime Dublin 2 rents expected to grow from their current level of psf. to by the end of the year, with a further increase to psf. next year. Investment Market Office sales dominated the market in the first half of 2016 with over 915 million worth of transactions. Key sales included the purchase in Q2 of 1 Spencer Dock by a Middle Eastern investor for 240 million, the highest price ever achieved for an individual office building and underlining the market appetite for Dublin office assets. Investment opportunities in Dublin continue to be sought after by a worldwide pool of purchasers, illustrating the depth and diversity of the capital base that is active in Dublin. Prime office yields remain stable at 4.50%. 6 7

5 CHARLEMONT EXCHANGE» Charlemont Exchange (Blocks A, B & C) extend to approximately 6,776 sq.m. net internal floor area together with 94 car parking spaces.» The high profile HQ office buildings are five storeys in height offering dramatic views over the Grand Canal and the Dublin Mountains.» The external treatment is predominantly a buff coloured clay brick with a light grey coloured aluminium glazing system. A large, fully glazed, circular rotunda feature defines the Charlemont Street /Charlemont Place corner and helps the composition transition from one elevation to another. The buildings comprise of a reinforced concrete column frame structure and concrete floor slabs. The facade materials and the entire composition has become a recognisable marker at this key gateway location to the city.» All three buildings offer a great degree of occupational flexibility and can be divided if required to provide two self-contained headquarter buildings. CHARLEMONT EXCHANGE Completed in 1997 Charlemont Exchange is located at the corner of Charlemont Street and Charlemont Place and consists of three interconnecting five storey office buildings. The buildings form part of a large mixed use development to include the Hilton Hotel, Block D (office use), common plaza and common basement car park.» Blocks A and B are linked through a main entrance off Charlemont Place, share the same internal core and extend to approximately 4,879 sq.m. Floor areas ranging from 818 sq.m. to 918 sq.m.» Block C is accessible off Charlemont Street and extends to 1,897 sq.m. with floor areas ranging from 333 sq.m. to 390 sq.m.» Vehicle access is located through a common basement entrance off Charlemont Place. 8 9

6 CHARLEMONT EXCHANGE Dublin s Silicon Docks Iveagh Gardens Grand Canal Leeson Bridge Lock Gate PRIME LOCATION Charlemont Exchange enjoys a pivotal position in the corporate and cultural heart of Dublin. The central location provides occupiers with access to all Dublin has to offer. Whether it is a coffee overlooking the Grand Canal, a relaxing drink in one of the many traditional pubs, or dinner in one of Dublin s most notable restaurants, Charlemont Place has an abundance of amenities in the immediate area. The building s conveniently adjoin the Hilton Hotel and are within a short walk of other prominent Dublin Hotels. The capital s premier shopping district of Grafton Street is also within a short stroll. Occupier can easily navigate to all these amenities by foot, bicycle or tram. Canal Food Markets Grafton Street 10 11

7 TEMPLE BAR CHARLEMONT BUILDINGS EXCHANGE TRANSPORT LINKS The building s strategic positioning means that all transport links are easily accessible: Grafton Street Dawson TRINITY COLLEGE DUBLIN G R A N D C A N A L D O C K R802 W N S E BY TRAM» Luas Green Line» On your doorstep Bride St St Stephen s Green R138 MERRION SQUARE R118 Grand Canal Dock BY BIKE R110 ST STEPHEN S GREEN R111» Dublin Bike Station» On your doorstep BY BUS Heytesbury St IVEAGH GARDENS Fitzwilliam Pl R816 AVIVA STADIUM» Dublin Bus Stop» 18 routes on your doorstep BY RAIL & DART» Multiple Stations» Within a 15 minute walk BY AIR PORTOBELLO South Circular Road R111 Harcourt Charlemont St CHARLEMONT EXCHANGE Charlemont Burlington Rd Waterloo Rd Lansdowne Rd» Dublin International Airport» 10 minute walk to Aircoach bus stop R114 RANELAGH Lesson Pk R138 Clyde Rd R118 Mountpleasant Ave Upper BY TAXI» Taxi Rank Ranelagh Herbert Pk HERBERT PARK» On your doorstep 12 13

8 CENTRAL LOCATION The location is an unsurpassed business destination and already home to a host of corporate occupiers including the following: 1 2 Aercap Amazon 3 4 Arthur Cox Aviva 5 6 Bank of Ireland Central Bank of Ireland 7 Deloitte 9 Eversheds 8 Dropbox 10 EY Glennon Insurance 12 Hedgeserv Investec KPMG Marsh 16 MetLife Lone Star Regus State Street Yelp 21 CHARLEMONT LUAS TERMINAL 21 Zendesk

9 C H A R L EMO N T E XC H A N G E C D C D Ground Floor Second / Third Floor FLOOR PLANS Blocks A, B and C (approximate floor area as follows) B A B A Floor A & B C Total NIA Total GIA Basement Ground , , First , , Second , , Third , , Fourth , , Total sq.m. 4, , , , C D C D First Floor Fourth Floor B B A A

10 DEVELOPMENT OPPORTUNITY CHARLEMONT EXCHANGE 18 Computer Generated Image 19

11 CHARLEMONT EXCHANGE Blocks A, B and C / Proposed Expansion subject to P.P. (approximate floor area as follows) Floor A & B C Total NIA Basement Ground , Existing Building Total Net Internal Area: 6,776 sq.m. First , Second , Third , Fourth , Fifth , Sixth Total sq.m. 6, , , The above floor areas are provided by architects BKD and are approximate areas. Interested parties should satisfy themselves in relation to all building measurements. The above provides for a floor area increase of approx 2,213 sq.m NIA. Potential Building Total Net Internal Area: 8, sq.m. Upper Floors Added 20 21

12 CHARLEMONT EXCHANGE Zoning The subject properties are within an area zoned Objective Z4 To provide for and improve mixed-services facilities. The objective seeks to maintain the role of these areas as District Centres and new development should enhance their attractiveness and safety for pedestrians and a diversity of uses should be promoted to maintain their vitality throughout the day and evening. The subject properties are located within one of the 18 Strategic Development and Regeneration Areas designated in the Plan SDRA18 National Concert Hall Quarter. In so designating, the City Council considers the quarter is: uniquely positioned to develop as a distinct but connected cultural, commercial and residential urban quarter, with its own character, identity and architecture, and by adopting an urban scale and grain that can deliver the quality and scale of commercial space required by a contemporary city Opportunity Given the unprecedented demand for prime offices in the current market this high profile Dublin 2 office HQ affords an investor/ developer or owner occupier an opportunity to add additional upper floors to the current office blocks (subject to planning permission). The current buildings provide a combined gross floor area of approximately 7,673 sq.m. Under the guiding principles of the Strategic Development and Regeneration Areas (SDRA) buildings of up to 9 storeys, that equates to approximately 36 metres above street level, are encouraged. There is therefore approx. 15 metres between the height of the existing buildings and the maximum height that is to be encouraged in the area. This illustrates the significant underutilisation of this high profile site, especially given its proximity to a LUAS stop. BKD Architects and IMG Limited Planning Consultants have jointly prepared a feasibility and planning risk assessment report providing their expert views and recommendations in relation to the expansion potential of the subject buildings. A copy of the report is available in the Dataroom. However, in summary the report details a proposed extension to provide for two additional floors on Blocks A + B and a single storey extension on Block C. This approach respects the residential and commercial buildings already in the area. Both BKD & IMG are of the opinion that new prime office space of approx. 2,213 sq.m. net internal floor area should be achievable (S.P.P.). The recent planning grant by Dublin City Council for the proposed expansion of the Hilton Hotel by 6,890 sq.m. further supports the above view. A B C Computer Generated Image Computer Generated Image Computer Generated Image 22 23

13 CHARLEMONT EXCHANGE BUILDING SPECIFICATION PARTICULARS The accommodation is laid out to provide a mixture of open plan and cellular accommodation made up of a main reception, security room, cellular offices, meeting rooms, boardrooms, kitchen/canteen, gym facility and storage facilities. FLOOR HEIGHTS & ACCESS VOIDS Floor Slab to Ceiling Slab height: Ceiling void: RAF to underside of Ceiling Tile: Floor void: 3130mm 230mm 2600mm 220mm PLANNING GRID & STRUCTURAL GRID Planning grid 1.5m x 1.5m Structural grid (7m x 6m) plus (6m x 5.6m) GENERAL OFFICE SPECIFICATIONS» Mineral fibre suspended ceilings» Recessed lighting on PIR sensors» Painted and plastered walls» Floor mounted 4 pipe fan coil air conditioning ceiling mounted cassette units and liner diffusers to ceilings (R410A GAS)» Double glazed aluminium clad timber framed windows» Steel raised access floors» Busbar system for the power supply» Mixture of grommets and floor boxes throughout» Under floor fresh air supply extract system» Building management system (BMS) Cylon system» Single electrical meter for all three office blocks» Three entrances with the main reception off Charlemont Place» Fully completed main reception to include security room» Disabled access compliant» CCTV and access control throughout» Two main cores and secondary core to include fully completed lift lobbies, 5 no. 10 person passenger lifts, goods lift, fully completed ladies and gents toilet facilities to include shower and cleaning store facilities.» Goods lift located in Block A» Full audio visual cabling in boardrooms» Full fitted kitchen and canteen facility (126 seated and breakout area)» 15 no. tea station facilities throughout» Main comms room with ancillary comms on various floors» Fire suppression system to comms room 3rd floor» Fire systems also located in the File Store & Vault in Basement and Ansul Fire System in Canteen» UPS powers the server room on the 3rd floor Block A, and the small comms rooms (14 in total). 1 on each floor in each block, the security room and the BMS room» Set back fourth floor with floor to ceiling glazing BASEMENT» Single power supply to the building» Diesel powered back-up generator - 24hr tank supporting the full building» ESB substation located within the basement area» Main building power supply room» File store and vault room» Gym room at basement level» Ladies and gents shower and changing facilities» Storage facilities» 94 car parking spaces» Bike rack in place for 34 bicycles ROOF LEVEL» Chilled water system Full M&E condition survey provided in the data room SERVICES We have assumed that all services including electrical, water and drainage are available to the existing property. TITLE Long leasehold title of 996 years from 1st July BUILDING ENERGY RATING (BER) The existing buildings on site hold a BER rating of B2 Further BER details are available in the dataroom. PRICE On Application SOLICITOR Paul Diggin A&L Goodbody Partner IFSC, North Wall Quay, Dublin 1 Tel: All information is available to view and download from our online Dataroom at

14 CONTACT VIEWINGS CHARLEMONT EXCHANGE Viewings are strictly by prior appointment through sole agents Knight Frank Upper Pembroke St Dublin 2 Tel: Website: KnightFrank.ie LRN: DECLAN O REILLY declan.oreilly@ie.knightfrank.com PAUL HANLY paul.hanly@ie.knightfrank.com EVAN LONERGAN evan.lonergan@ie.knightfrank.com JOACHIM VON RADECKE +44 (0) joachim.radecke@knightfrank.com DISCLAIMER These particulars are issued by HT Meagher O Reilly trading as Knight Frank on the understanding that all the negotiations are conducted through them. Whilst every care has been taken in the preparation of these particulars, they do not constitute an offer or contract. All descriptions, dimensions, references to condition, permissions or licences of use or occupation, access and other details are for guidance only, they are given in good faith and believed to be correct, and any intending purchaser/tenant should not rely on them as statements or representation of fact but should satisfy themselves (at their own expense) as to the correctness of the information given. Prices are quoted exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchaser/lessee shall be liable for any VAT arising on the transaction. Neither HT Meagher O Reilly trading as Knight Frank or any of their employees have any authority to make or give any representation or warranty in respect of this property. Licence No

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