8th June 2019
Marlet confirms the sale of the Sorting Office for €240 million
12th June 2019 – Marlet Property Group is delighted to announce the sale of its most recent commercial development, the Sorting Office, to Singapore-headquartered real-estate investment trust Mapletree Investments for €240 million.
Located at the heart of the Silicon Docks, the Sorting Office comprises a seven-storey commercial building, with 202,000 sq ft of office space and 6,000 sq ft of prime retail space, including space for a cafe.
The Grade A and LEED platinum office building will provide total user flexibility based on open floor plates and economic structural grid, presented in a strong geometric form, defined by lightness and clarity.
Marlet Property Group CEO Pat Crean said: “The Sorting Office is an outstanding development in the heart of Dublin’s South Docklands and represents the very best of Irish design and construction. We are delighted that The Sorting Office will be Mapletree’s first investment in Ireland, further enhancing their growing portfolio in Europe. We look forward to other transactions and cooperations in the near future.”
The site, previously occupied by An Post, was acquired by Marlet in a transaction valued at €40million, setting a significant return for Marlet’s investors.
Raheny plans for 657 homes win the support of An Bord Pleanála
The plans for the development include its own park of 1.6 hectares (25% of the area), a creche, and numerous premium amenities including a gym, cinema, and light-filled, features-rich lounge area for residents and their visitors to enjoy.
18th February 2020