Hibernia REIT has let the remaining 47,500 square feet available in its 2 Windmill Lane office block to Zalando Ireland, a subsidiary of the German online fashion platform.
Zalando will occupy the remaining floors in 2WML on a 15-year lease, with a term certain of seven years.
After a six month rent free period, the company will pay initial rent of €2.9m a year, including contributions to the reception and car parking.
This is modestly ahead of the September 2019 estimated rental value on a net effective basis.
Following today's agreement 2WML is now fully let to Zalando, Udemy and gym group Perpetua, with contracted rent of €3.9m a year.
Justin Dowling, Hibernia's Director of Property, said that following the Zalando letting the Windmill Quarter's roughly 400,000 square feet of office accommodation is fully occupied.
"This marks the completion of a six-year programme to transform the Windmill Lane area in Dublin's South Docks and the creation of our first cluster of office buildings," he added.
