News

IPUT Gets Nod To Redevelop Listed Former-U2 Warehouse For Spec Offices

Iput's proposed Tropical Fruit Warehouse office development on Sir John Rogerson's Quay
Iput's Proposed Tropical Fruit Warehouse Office Development On Sir John Rogerson's Quay

Commercial property fund IPUT has been granted planning permission to redevelop a Victorian warehouse on Sir John Rogerson’s Quay, creating 70K SF of new office space which it will develop speculatively.

The listed building was originally used for importing tropical fruit and was also previously owned by U2, housing offices and handling fan mail for the band.

Designed by Henry J Lyons, the Tropical Fruit Warehouse scheme will involve the restoration of the original structure and the construction of a new six-storey office block at the rear. The design also incorporates two fully glazed, cantilevered floors that will appear to float above the warehouse structure.

IPUT has promised significant investment in the public realm, with the creation of a “vibrant pedestrian connection” between the River Liffey and Whitaker Square that will include a café and an artist studio at street level.

Construction is due to start in the next three months, with delivery scheduled for Q4 2020.

“The Tropical Fruit Warehouse will be an exceptional building, a cutting-edge, efficient modern office space which also incorporates a thoughtful restoration of the historic warehouse buildings,” IPUT Chief Executive Niall Gaffney said. “This redevelopment will complement our existing office holdings in the immediate vicinity which extend to over 600K SF.

“We are excited about the unique letting opportunity that the Tropical Fruit Warehouse represents which will further support the anticipated 20% growth in our dividends over the next three to five years.”

Andrew Cunningham of Savills and Aisling Tannam of Cushman & Wakefield have been appointed joint letting agents on the scheme.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dublin Newsletters
Related Stories

JVP Development Is Betting $37M Of Its Own Money That Frisco Is Ready For Spec Office

Hedge Fund Bids $88M For Spirit Airlines' Former HQ

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Oyster Point's Second Phase Half-Leased As Kilroy Navigates Soft Lab Demand

BXP Closes In On Next D.C. Office Development As It Shrinks Assets

Clarion Under Contract To Sell 18-Story Seaport Office Tower

Oil Company Expands Again At Cash Register Building

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

D.C. Sues To Block HUD Headquarters Move To Virginia

Ken Griffin Completes Takeover Of Brickell Block, Setting Stage For $2.5B Megaproject

Private Equity Firm Buys Former Texas Instruments Campus For New Headquarters

DFW Office Footprints Likely To Shrink As AI Use Increases And Companies Battle For Talent