24th Apr 2020 14:44
(Alliance News) - Hibernia REIT PLC said Friday it has been granted planning permission for the expanded development of Harcourt Square in Dublin, Ireland.
The scheme is expected to deliver 343,000 square feet of office accommodation on the 1.9 acre site, a 9% increase from the previously approved plans for a 315,000 square feet scheme.
The real estate investment trust said it intends to start work on the redevelopment of Harcourt Square in early 2023, with the existing property currently let to the Office of Public Works until December 2022, and occupied by the police force An Garda Siochana.
"The new Harcourt Square will be one of Dublin's largest and most exciting developments, located close to the city's historic core and on the Luas Green Line. The development will contribute two elegant buildings to the streetscape which, like our Windmill Quarter campus, will combine historic Dublin within a modern and innovative structure," said Mark Pollard, director of Development.
Shares in Hibernia REIT were down 0.1% at EUR1.094 on Friday in London.
By Dayo Laniyan; [email protected]
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