21 Mar 2018 07:00
Green REIT lets the top floor at One Molesworth Street, Dublin 2
Dublin, 21 March, 2018 | Green REIT Plc, ("Green REIT", or "the Company"), announces that it has signed an agreement with TD Global Finance Unlimited Company to lease 985 square metres (10,600 square feet) of lettable space at the Company's flagship office development at One Molesworth Street in Dublin 2. TD Global Finance Unlimited Company is an Irish subsidiary of The Toronto-Dominion Bank and a part of the TD Securities business.
The letting comprises the fifth floor on a 20 year lease and with a tenant break option at the end of year 13. The annual rent payable is €0.74 million, with the tenant entitled to a nine month rent free period at the outset of the lease.
Following this letting and previous lettings to Barclays Bank Ireland plc and Goshawk Aviation, 88% of the total office space at One Molesworth Street has now been let. The remaining office space, totalling 725 square metres (7,800 square feet), comprises the balance of the third floor, which is subject to a Barclays option which is exercisable by 31 March 2018. Following the lettings to The Ivy and to Le Pain Quotidien, one retail unit of 820 square metres (8,800 square feet) remains to be let.
Paul Culhane, Development Director of Green Property REIT Ventures, commented: "We are delighted to add TD Securities to the tenant line-up at One Molesworth Street, our flagship office building at the heart of Dublin's central business district, which is approaching full occupancy. We are also proud to confirm that the building has been awarded LEED Platinum certification, the highest LEED sustainability rating level."
Peter Walker, Vice Chair and Regional Head Europe & Asia-Pacific, TD Securities, commented: "We are excited about the opportunities for TD Securities in Ireland and today's announcement marks another milestone in the expansion of our business there. Our increased presence in Dublin will help us support our growing global business, meet the evolving needs of our clients and respond to the changing regulatory environment."
ENDS
Contacts
Green Property REIT Ventures (Investment Manager to the Company)
Niall O'Buachalla
+353 (0) 1 2418400
FTI Consulting (IR and PR to the Company)
Dublin: Jonathan Neilan / Patrick Berkery
+353 (0) 1 765 0884
London: Giles Barrie / Claire Turvey
+44 (0) 20 3727 1000
greenreit@fticonsulting.com
About TD Securities
TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients who choose us for our knowledge, innovation and experience in the following key areas of finance: investment, corporate and government banking, capital markets, interest rate, currency and derivative products. TD Securities works with clients around the world and our services include the underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and executing daily trading and investment needs. To learn more about TD Securities, visit www.tdsecurities.com