THE OPPORTUNITY

Acting on behalf of MKN Property Group, CBRE has been instructed to offer to the operator/occupier market the Hotel element of the East Wharf mixed used development.

Located on a landmark site in East Wall, Dublin 3, this mixed-use scheme will comprise a 15-storey 183-bedroom hotel, 87 BTR apartments, 1,400 sq.m office accommodation and a cafe constructed across three blocks over a basement car park. The bedrooms will range in size from 16.5 sqm to 20 sqm.

The scheme will have vehicular and pedestrian access, and a drop-off area to serve the hotel. The site will also include a landscaped urban plaza, riverside walkway along the River Tolka, a play area and ample bicycle spaces located at surface level. Construction has commenced on site with practical completion due in Q4 2023, and operation in early 2024.

Location

Prominent location within walking distance of Dublin City Centre, North Docklands, East Point Business Park.

CONNECTIVITY

Excellent connectivity with easy access to Dublin City Centre, Dublin Airport, Dublin Port, bus and train stations.

OPPORTUNITY

15 Storey, 183 bedroom hotel under construction ready for fit out in Q4 2023 and due to open in early 2024. Flexible fitout options to incoming operator.

Structure

Seeking proposals from operators for lease, management agreements or forward purchase/commitment.

ECONOMIC

Strong demand parameters in Dublin Hotel market.

LOCATION

East Wharf is located within easy reach of the Dublin Docklands, International Financial Services Centre, Convention Centre Dublin (CCD), Croke Park and the 3Arena. Dublin’s Port Tunnel, located next to the East Wharf development, provides easy access to both Dublin Airport (12 km and 15 minutes) and Ireland’s motorway network.

The Dublin Docklands area has transformed into a recognised tech hub, with an international status attracting established global brands who include Salesforce, Yahoo, Meta, Google and TikTok. The part of the city extends to an area of approximately 520 ha/1300 acres with over 40,000 people working and 26,000 people living in the area.

KEY CONTACTS

Paul Collins

+353 87 259 1508
paul.collins@cbrehotels.com

Giordano Nicoletti

+44 (0) 7748 760 408
giordano.nicoletti@cbrehotels.com

Lisa Keogh

+353 87 963 0396
lisa.keogh@cbrehotels.com

 

Julie Gauthey

+353 87 606 1079
julie.gauthey@cbre.com

 

DISCLAIMER.
These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: – (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure prepared October 2022.

Designed and produced by Creativeworld. Tel +353 1 447 0553.