IPUT, Pre-Lets

IPUT plc announces it has pre-let the entire of One Wilton Park to LinkedIn, the world’s leading professional network and a subsidiary of the Microsoft Corporation.

09.10.2018 - 09:02:14

IPUT Pre-Lets 150,000 sq. ft. at Wilton Park to LinkedIn. One Wilton Park will be a Grade A office development of 150,000 sq. ft. constructed on the site of the former Fitzwilton House which IPUT has owned since 1982. Construction commenced on site in June 2018 with Sisk appointed as the main contractor. The building is scheduled to be completed in the fourth quarter of 2020.

One Wilton Park | Highlights

Landmark office development of 150,000 sq. ft. in the heart of Dublin’s CBD Pre-let to LinkedIn on a 25-year lease with a term certain of 12 years Letting brings the total value of new leases signed by IPUT over the last 12 months to over €20.5 million with an average WAULT of 12.6 years One Wilton Park awarded WiredScore ‘Platinum’ digital connectivity rating - the highest WiredScore rating placing it among the best-connected buildings in the world Designed to achieve LEED ‘Platinum’ certification and a WELL ‘Gold’ Rating, One Wilton Park will meet the highest sustainability and efficiency credentials in the market Significant improvements made to adjacent one-acre park representing a unique opportunity to create a new and vibrant public space within Dublin’s CBD

Commenting, IPUT Chief Executive Officer, Niall Gaffney, said:

“The pre-letting of One Wilton Park to LinkedIn is hugely significant for us and represents one of the largest pre-lets in the Dublin office market. One Wilton Park will deliver a projected income yield on cost of in excess of 9% and brings the total value of new leases signed over the last 12 months to over €20.5 million. This pre-letting is an important milestone in the delivery of the plans we have for Wilton Park and will support continued growth in the dividend we pay to our shareholders.”

About LinkedIn
LinkedIn is the world’s largest professional social network with more than 575 million members in over 200 countries and territories. LinkedIn’s EMEA headquarters are in Dublin, where it employs more than 1,200 people.

About IPUT plc
IPUT plc is Ireland’s premier property company with a portfolio of 94 properties and a net asset value of €2.45 billion. Our focus is on prime Dublin assets, with a focus on Dublin’s CBD where we hold 2 million square feet of prime offices and growing, through our significant redevelopment pipeline. Visit: www.iput.com

About One Wilton Park
The 150,000 sq. ft. modern Grade A office is set over nine floors. Designed by Dublin architects, Henry J Lyons, One Wilton Park includes 25,000 sq.ft of external roof terraces and gardens and will set a new benchmark in architecture, design and finish. One Wilton Park has been designed to achieve LEED ‘Platinum’ certification, the world’s premier benchmark for sustainable, high performance buildings. The building has already achieved a WiredScore’s highest possible rating of ‘Platinum’ in the digital connectivity rating scheme and will also target a WELL rating of ‘Gold’. WELL certification, which is based on seven categories of building performance; air, water, nourishment, light, fitness, comfort and mind, is only in its infancy in Europe with less than 10 projects achieving certification to date. Achievement of these targets will establish One Wilton Park as a truly world-class office development within Dublin’s CBD.

One Wilton Park is conveniently located between Baggot Street and Leeson Street Bridges, an area currently occupied by global leaders in technology, finance and the creative sectors. The development is within walking distance of all major modes of public transport and benefits from easy access to two Dublin Bike stations along the canal.

ENDS

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