Leading builder and contractor agrees long-term lease with Aldgate Developments for 20,000sq ft at the Termini
Dublin-based developer Aldgate Developments has secured its seventh tenant at the Termini Building at Sandyford in south Dublin. John Paul Construction has signed a 12-year lease for its new corporate headquarters and will occupy 20,000sq ft of space on the fifth floor of the LEED Gold-rated office scheme. While the rent has not been disclosed The Irish Times understands the company has agreed to pay close to the quoting rent of €35 per sq ft.
Developed speculatively the Termini was completed at the height of the Covid-19 pandemic in December 2020. While Aldgate’s delivery of the building coincided with what is widely acknowledged to have been the lowest point in decades for the Dublin office market, the developer managed to secure both BNP Paribas Bank and ResMed as tenants within months.
Commenting on his company’s decision to locate at the Termini in Sandyford, Liam Kenny, managing director of John Paul Construction, said: “The Termini is in a great location, meets our sustainability requirements through its LEED Gold rating, and allows us to create a modern headquarters and collaborative work environment as we continue to expand our construction offering across different sectors and geographies in Ireland, the UK and Europe.
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