A redeveloped ‘green’ office space in Dublin’s Docklands, Dockline, is at 95% occupancy rate, according to its owners. 

The 80,000 sq ft development in the IFSC, recently underwent a €22 million green retrofit, which saw the removal of car parking spaces in favour of bike spaces, improved ventilation and air-conditioning systems as well as ‘super-efficient windows’. 

The space, whose tenants are headed by financial software firm Workday, was also awarded platinum accreditation for LEED (Leadership in Energy and Environmental Design), which scores buildings based on their carbon footprint and environmental impact.

The property is owned by a fund managed by Credit Suisse, and is quoting rents of €54 per sq ft. Other partners include project manager CBRE, letting agent JLL and construction contractor Flynn. 

Oscar Castaneda, asset manager at Credit Suisse, suggests that the building's green status is attractive to firms. “We managed to give new life to an older building, and put it in the best green standards that we possibly could. That was reflected in the successful leasing.”

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Conor Fitzpatrick, associate at letting agent JLL, said that the cost in redeveloping older buildings to modern standards is ultimately worth it.

“I think the lesson is that there's plenty of buildings like this in Dublin, where if the right person like Oscar and Credit Suisse come along and look at it in the right way, there's plenty of life left in them.

“Admittedly it's not cheap or easy, but if it was cheap and easy everyone would do it. If you do it right, you can get the results that make it all worthwhile," Fitzpatrick added.