Property portfolio

New Waverley - Phase II
Estimated Completion
Development ERV
€ 5.48m

Phase I of the New Waverley development delivered three hotels and twenty two new retail units. Phase II is now set to deliver a significant mix of new office, retail and residential uses. The group has been chosen as development partner to deliver approximately 19 000 sqm of Grade A office space on a pre-let to a significant tenant, and is now in the process of finalising detailed design and leasing agreements. The tenant will have an option to occupy an additional (up to) 3 000 sqm of further office space which would be delivered adjacent to the first proposed office building.

Pre-letting discussions with occupiers for the balance of the site are also underway. Attractive development and investment funding is being negotiated to fund the delivery of this next phase of development. Construction is set to begin in March 2017 for completion in mid-2019.

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