Re: Re: New Ireland Assurance office blocks dawson Street
I have been inside one of them and it was spectacularly mundane.
The key driver of any transaction on this site will be a change of use to retail. Maximum office rents would be €500 per square metre whilst a Zone A retail rent well in excess of €2500 would be acheivable given the up market feel of the street and lack of large floor plates south of the river.
I am unsure where Jack Fagan got 6 floors of retail from though; Even John Lewis or House of Frasier rarely go over 3 over ground/Basement.
I would have though more Basement, Ground, first/second and two floors of offices above which would need to be set back to give the mezzanine heights required at ground and first.
The problem is that as attractive as this facade is it would be completely useless as retail frontage unless altered significantly.