Hibernia REIT gets approval for expanded development of Harcourt Square

Hibernia REIT gets approval for expanded development of Harcourt Square
Artist Impression Image : Courtesy of Hibernia REIT

Irish Real Estate Investment Trust, Hibernia REIT plc (Hibernia), listed on Euronext Dublin and the London Stock Exchange, has received approval from Dublin City Council for an expanded development scheme at Harcourt Square in Dublin.

Designed by leading Irish architects Henry J Lyons, the scheme will deliver 343,000 sq. ft. of Grade A office accommodation on the 1.9 acre city centre site, an increase of 28,000 sq. ft. (+9%) over the previously approved plans for a 315,000 sq. ft.2 scheme, and follows further work to optimise the layout.

As before, it incorporates the adjoining buildings at 39 and 40 Harcourt Street, the former being a Georgian townhouse built in c.1800, which will be carefully restored as part of the project.

Harcourt Square has been specifically designed to meet the evolving needs of office users, with best-in-class efficiency and sustainability credentials across two interconnecting headquarters buildings, each with a dedicated reception for maximum occupier flexibility. Building on the success of Hibernia’s recently completed Windmill Quarter it will also have a townhall large enough for conferences and functions of over 600 people as well as food & beverage and fitness facilities.

Hibernia REIT plans to start work on the redevelopment of Harcourt Square in early 2023: the existing property is let to the Office of Public Works (“OPW”) until December 2022 and is occupied by An Garda Síochána (the police).

“We are delighted to have received approval from Dublin City Council for our revised office scheme which now totals 343,000 sq. ft., an increase of 28,000 sq. ft. in usable area. 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,” said Mark Pollard, Director of Development.

”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. Occupiers will benefit from best-in-class office accommodation with large, efficient floor-plates, excellent natural light, extensive external terracing and impressive reception areas,” he added.