ACG Aircraft Leasing Ireland Limited, the Dublin based subsidiary of U.S. leasing company Aviation Capital Group LLC, one of the oldest and longest-standing aircraft leasing firms in the world has agreed to occupy the top two floors of the ‘Lumen’ building on Dublin’s Upper Baggot Street.
The 2,500 sq. ft letting was handled by Savills and Farley Property on behalf of Burlington Real Estate.
The Lumen building was refurbished by Burlington Real Estate, creating 12,000sq ft of grade A office and retail space with features including an illuminated façade, high-quality reception and generous roof terrace which enjoys spectacular views over Baggot Street, with Dublin’s Docks to the north, St Stephen’s Green to the west and Ballsbridge to the east. ACG Aircraft Leasing Ireland Limited will occupy the 5th & 6th floors on a 15-year lease . The high-quality refurbishment undertaken by Burlington Real Estate included upgrading the office space to provide LED lighting, new air conditioning system, CAT 6 cabling and the provision of generous tenant amenities including dedicated showers, lockers, changing facilities, secure bicycle parking and car parking spaces. Public transport options such as LUAS and DART lines are situated close-by, and a host of amenities sit on the doorstep of the Lumen building, including restaurants, bars, coffee shops and gyms, Dublin bike stations. The home of Irish rugby and soccer – Aviva Stadium – is a 5-minute walk away. St Stephens Green is also within a short walk.
ACG Aircraft Leasing Ireland Limited will join existing occupiers in the Lumen Building including the global financial advisory and asset management firm Lazard Fund Managers (Ireland), software provider Calypso Technology, AKLO Capital, a private investment office and financial firm Habourvest. The remaining space in the building includes a 2,551 sq.ft. ground floor retail unit which offers the opportunity for occupiers to obtain a café/F&B unit in a flagship location with exceptional profile onto bustling Upper Baggot Street and a ground floor office suite of 650 sq. ft. with a private courtyard space which would suit occupiers seeking a private small office in Dublin city centre.
Conor Egan of Savills says: “The letting of the 5th & 6th floors to a tenant as strong as ACG Aircraft Leasing Ireland Limited shows the strength of the demand for high-quality office space in the city centre of Dublin and the quality of refurbishment undertaken by of Burlington Real Estate”.
Aviation Capital Group LLC was founded in 1989 and is one of the world’s premier full-service aircraft asset managers with approximately 450 owned, managed and committed aircraft as of September 30, 2020, which are leased to approximately 85 airlines in approximately 40 countries. Aviation Capital Group LLC is a wholly owned subsidiary of Tokyo Century Corporation.