Kennedy Wilson Signs Largest Dublin Office Lease This Cycle at Capital Dock Development
Remaining 216,000 sq ft of Grade A office, now 100% leased
Entire 690,000 sq ft development on track to complete by end of 2018
Indeed has signed an Agreement for Lease to occupy the entirety of Buildings 100 and 300 Capital Dock, extending to over 216,000 sq ft of prime office accommodation. On completion, Indeed will enter 20-year leases with lease breaks at year 13, occupying the buildings on a phased basis.
“Growing our NOI by delivering our development pipeline alongside asset management wins continues to be our focus – Indeed’s commitment to Capital Dock sits at the heart of this strategy with this milestone signing of the largest office lease completed this cycle in Dublin,” said Mary Ricks, President and CEO of Kennedy Wilson Europe.
“In addition to our offices at Capital Dock being fully leased more than 12 months prior to completion, we will begin pre-marketing of the 190 luxury residential rental apartments in Q2 2018.
“We are excited to grow our multifamily business in
Extending over 4.8 acres, Capital Dock is designed to meet the needs of the many rapidly expanding international businesses based in
The residents at Capital Dock will enjoy the signature Kennedy Wilson Residential range of amenities and professional services as part of their daily living along with 1.5 acres of new public space, retail and restaurant offerings. Kennedy Wilson has delivered a premium amenity offering in
About Kennedy Wilson
Kennedy Wilson (NYSE:KW) is a global real estate investment company. We own, operate, and invest in real estate both on our own and through our investment management platform. We focus on multifamily and commercial properties located in the
NAMA [the National Asset Management Agency] is committed to facilitating the development of Grade A office space, commercial, residential and cultural accommodation in the Dublin Docklands SDZ [Strategic Development Zone] and works closely with joint venture partners, debtors and receivers with that objective in mind.
NAMA originally held an interest in 75% of the 22 hectares of undeveloped land in the Docklands SDZ. It is estimated that 4m sq ft of commercial space and in excess of 2,000 apartments will ultimately be delivered on the 15 sites in which NAMA originally held an interest.
More people find jobs on Indeed than anywhere else. Indeed is the #1 job site in the world and allows job seekers to search millions of jobs on the web or mobile in over 60 countries and 28 languages. More than 200 million people each month search for jobs, post resumes, and research companies on Indeed, and Indeed is the #1 source of external hires for thousands of companies (sources: SilkRoad & iCIMS). For more information, visit indeed.com.
Special Note Regarding Forward-Looking Statements
Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results or performance may differ materially and adversely from the results or performance expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Accordingly, you should not unduly rely on these statements, which speak only as of the date of this press release. We assume no duty to update the forward-looking statements, except as may be required by law.
Daven Bhavsar, CFA
Director of Investor Relations
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Source: Kennedy Wilson