Savills News

Savills Launches Dublin Office Investment at Waterside Innovation Campus

Savills has brought to the market 1 Waterside, a modern standalone office investment located within the established Waterside Innovation Campus in Citywest, Dublin 24. The property is being offered for sale by private treaty with a guide price of €22.5m million.

Extending to 5,245.9 sq m (56,466 sq ft) GIA, the four-storey over basement building is fully let to Fidelity Investments, a leading global financial services organisation with a significant presence in Ireland. The property produces a passing rent of €1,720,200 per annum and is held on a 20-year lease from May 2013, providing a WAULT of approximately 6.7 years to expiry.

The accommodation comprises efficient floorplates of approximately 14,000 sq ft each, arranged around a central core and benefiting from extensive floor-to-ceiling glazing. The building has been maintained to a high standard by both landlord and tenant and includes a striking double-height reception, modern tenant fit-out, and on-site shower facilities.

1 Waterside holds a BER rating of B3, with a clearly identified pathway to achieve an A3 rating, supporting the building’s long-term sustainability credentials and resilience.

Waterside Innovation Campus occupies a prominent position with direct frontage to the N7 dual carriageway and is approximately 4 km from the M50 interchange. The campus is one of Dublin’s leading suburban business and innovation locations, home to a range of multinational occupiers and supported by strong transport connectivity, including the Red Line Luas and multiple bus routes.

Fergus O’Farrell Director at Savills, commented:

“1 Waterside represents a compelling opportunity to acquire a high-quality, income-producing office asset within one of Dublin’s most established suburban innovation campuses. The property combines strong fundamentals, including a modern building with a clear sustainability upgrade pathway, a high-quality global occupier, and a secure income profile extending for more than six years.”

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