Plans lodged for Dublin's tallest office building

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Plans have been lodged for Dublin's tallest commercial office building in the Docklands.

A planning application, funded by the National Asset Management Agency (NAMA), has been submitted to Dublin City Council for the development of the 224,500 sq. ft. building at the Point Village.

The 'Exo' Building could accommodate up to 2,000 office workers.

The Point Village is one of only a handful of locations where taller buildings are permitted in Dublin.

Construction of The Exo will take approximately 24 months - creating over 350 jobs in the process. The overall development construction cost will be in the region of €80m.

The proposed Exo Building in the Docklands | Image: Savills

According to Savills and CBRE - joint letting agents for The Exo - The Point Village is now benefitting from Dublin's economic recovery, with demand for commercial and retail space growing rapidly.

Last year, Yahoo moved its EMEA headquarters to The Point Village and now accommodates 375 employees in its new offices.

Meanwhile, Grant Thornton also announced that Starbucks, Eddie Rockets, Piano Plus and several other retailers have entered into leases to open stores within The Point Village Centre - who are due to open in early 2016.

The proposed Exo Building in the Docklands, beside the 3Arena | Image: Savills

Stephen Tennant from Grant Thornton commented: "The Point Village has the potential to become Dublin's newest commercial, entertainment and leisure hub".

"The economic downturn stalled its progress, but due to the strong demand for quality office and retail space in Dublin, it is now the opportune time to recommence development of a new commercial and entertainment hub".

NAMA is funding the application as part of its commitment to facilitate the delivery of new development within the provisions of the Dockland's Strategic Development Zone (SDZ), as approved by Dublin City Council and An Bord Pleanála.

Brendan McDonagh, chief executive of NAMA, added: "This is part of the extensive land area within the SDZ connected with NAMA and we look forward to supporting further significant planning and development projects within the SDZ over the remainder of this year and into 2016".

"NAMA is committed to facilitating the delivery of the SDZ Scheme objectives, in particular the provision of new employment and residential accommodation and is working closely with Dublin City Council to achieve this".

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