Airport-Oriented Development Lands In Dublin
A new real estate trend has taken off. As space in city centres becomes more expensive and less attainable, office developers are beginning to build further outside the urban core. To ensure they can attract tenants to their buildings, these developers are building properties within proximity to buses, trains and trams. Transit-oriented developments allow office employees shorter and more direct commutes to and from work.
Now, the industry is taking this concept a step further. Developers are beginning to realise that companies want more than just easy commutes for their employees. They also want a location that connects their space to other international business destinations. Office developments are beginning to pop up around international airports to meet the increasing demands of corporate tenants.
Airport-oriented developments are becoming a new type of asset for commercial development, and they are taking shape around the world. For example, Amsterdam Airport Schiphol, Zurich Airport and Charles de Gaulle Airport in Paris have all seen increased development activity in recent years.
Now, the Dublin Airport Authority is bringing the concept of airport-oriented development to Ireland through its new corporate environment, Dublin Airport Central. Phase one of the development features four six- and seven-story office buildings surrounded by 1.25 acres of green space. The complex is a 15-minute drive from Dublin City Centre and a two-minute walk from Dublin Airport’s Terminal 2.
“There has always been a direct link between commerce, trade and transportation," Head of Dublin Airport Central Brian Coppinger said. "Property development at major International airports like Dublin Airport Central is a relatively new concept, however real estate development at airports is quickly becoming a major new asset class for commercial real estate across European and international airports. Dublin Airport Central will offer multinational companies considering Ireland best in class Grade A LEED Gold office space with unrivalled national and international connectivity.”
Connecting Ireland To The World
Office tenants at Dublin Airport Central can take advantage of the development’s accessibility to the more than 600 flights that pass through Dublin Airport daily. With more than 185 destinations serviced and 4,587 weekly flights, the airport connects travellers to destinations throughout Europe and around the world.
This location is particularly beneficial for global corporations, or companies that frequently send their employees on business travel. Dublin Airport sees 416 flights to and from the U.S., 2,384 flights to and from Europe and 72 flights to and from Asia weekly. Dublin Airport Central’s connectivity to international flights makes the experience of business travel more seamless for employees. The airport's pre-clearance facility at Terminal 2 also allows U.S.-bound travelers to go through immigration and customs prior to boarding. Dublin is currently the only capital city in Europe to offer this service.
Dublin Airport Central also offers its commercial tenants a meeting space to welcome out-of-town employees and clients. Its airport-oriented location provides convenience to professionals flying into Dublin for business meetings. In addition to air travel, Dublin Airport Central is surrounded by local and national bus and rail options. Daily routes to and from various locations in the Republic and Northern Ireland, including Galway, Limerick, Cork and Belfast, connect to the airport.
This connectivity to local, national and global transportation options is one reason U.S. food giant Kellogg will be moving its European office to Dublin Airport Central.
“Dublin Airport Central offers a world-class office environment in a dynamic, incredibly well-connected location that allows us to stay within the Fingal region, where we have been based for more than a decade,” Kellogg Europe President Dave Lawlor said in a release. “This new office environment will create a new, vibrant atmosphere for our teams in Dublin, enabling us to work in a more creative and connected way to execute our growth strategy across Europe.”
Kellogg has signed on to lease 38,750 square feet at Three Airport Central. More than 220 Kellogg employees will move into this space in Q3 2019.
As more companies move toward a heightened focus on health and well-being, the Dublin Airport Central campus is catering to these demands by providing gyms, a swimming pool and healthy food options for tenants.
Proximity To Airport Amenities
While access to travel is a major advantage of working in an airport-oriented development like Dublin Airport Central, tenants can also reap the benefits of airport amenities. Regardless of whether or not they are traveling, Dublin Airport Central tenants can access food, drink and shopping inside the airport. In fact, occupants and staff at Dublin Airport Central have access to discounts, and some of the airport's retail options are open up to 20 hours a day. Companies can also apply discounts to car rental services and hotels, which can be useful for colleagues and clients visiting the office from another location. Airport facilities, like showers and meeting rooms, are also available for use.
Companies can purchase branding packages and display their advertising on billboards across the airport at a discounted price.
As companies weigh their office leasing options, they are flocking to airport-oriented developments like Dublin Airport Central for an environment that supports global connectivity and growth. By creating a diverse tenant mix, from tech companies to law firms, Dublin Airport Central hopes to connect businesses with each other, and the rest of the world.
This feature was produced in collaboration between Bisnow Branded Content and Dublin Airport Central. Bisnow news staff was not involved in the production of this content.