The property that houses Airbnb’s European headquarters in Dublin hits the market

The property which houses Airbnb’s European headquarters at number 8 Hanover Quay in Dublin is sold through joint agents BNP Paribas Real Estate and Savills on behalf of a fund managed by BNP Paribas Real Estate Investment Managers (BNP Paribas REIM) with a guide price of 41.5 million euros.

Details

As reported by Irish weather, number 8 Hanover Quay is a dock area fully leased to Airbnb until 2036.

BNP Paribas Real Estate and Savills reportedly declined to comment on the sale when contacted by Irish weather.

The property would consist of 3,747 square meters (40,343 square feet) of Class A office space and has served as Airbnb’s headquarters for Europe, the Middle East and Africa since 2016.

The property would be leased in its entirety to Airbnb Ireland Limited under a full repair and insurance lease with full warranty from the incumbent parent company of Airbnb Inc, and Airbnb’s next lease termination option. on the property would be in March 2030, which gives the property a certain term of eight and a half years and a weighted average unexpired lease term of 14 and a half years with expiration in 2036.

The property’s current passing rent would be € 1.7 million (€ 454 per square meter / € 42 per square foot).

The property would not have on-site parking and staff would be required to walk or cycle.

Adjoining reflector building

Airbnb would also occupy an additional 3,715 square meters (40,000 square feet) over two and a half floors in the adjoining Reflector building, now owned by German real estate investor Deka Immobilien, and BNP Paribas REIM has reportedly given its consent to break the wall. delimitation between the ground floor and 8 Hanover Quay and the Reflector building to allow Airbnb employees to have a homogeneous work environment between adjacent properties.

Potential Airbnb property in Cork City suburb of Blackrock hits the market

In other Airbnb related news, a potential Airbnb property has been marketed in the Blackrock suburb of Cork.

As reported by The Irish Independent, a 3.26-acre property in Blackrock is being sold via Savills with a guide price of $ 4 million plus.

Savills reportedly said that with its zoning for residential services, local services and institutional uses, the property presents an appeal for residential development or a nursing home.

As per its Convent Road address, it would come with a residential complex that spans 8,870 square feet and includes 16 bedrooms (including 15 bathrooms), a shared kitchen and dining room, community room, utility room and office space.

Therefore, a developer could generate short-term income through Airbnb, a guesthouse, or a co-living rental.

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click on subscribe to subscribe to the Hospitality Ireland printed edition.

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