12 Merrion Square

Dublin 2

The Opportunity

7,300 sq ft Georgian serviced office building on prestigious Dublin square. Opportunity to reduce voids, increase rents and reduce running costs.

Strategy

Improve building to attract higher quality tenants and rents. Review building management to improve efficiency.

Implementation

Rebranding and marketing exercise undertaken alongside comprehensive refurbishment programme and Opex rationalisation.

Results

Currently operating with 0% voids
Yield against all capital expenditure: 14% (7% on purchase)
Purchased: July 2014