Global property company Kennedy Wilson said it has signed three new leases for about 50,000 square feet of space at its recently completed 20 Kildare Street office development in Dublin city centre.
The overall project is now 76% leased to law firm Dentons, aircraft leasing firm Aircastle and a global investment management firm, with Dentons also taking the largest of the Georgian buildings, No 21.
The new leases have an average term of 12 years.
Kennedy Wilson said the historic redevelopment in the heart of city's business district is expected to generate a yield on cost in excess of 7% when the remaining 16,000 square feet is leased and the project is fully occupied.
Kennedy Wilson started redevelopment of 20 Kildare Street in 2017 after assembling a portfolio of existing properties, including four Georgian buildings on Kildare Street, that date back to the 1750s.
It restored the historic facades of the Georgian buildings and built a new triple-height glazed atrium to connect the street side buildings and ground floor reception with external landscaped courtyards and seven stories of Grade A office space tucked behind.
"We are thrilled to bring this landmark office redevelopment to completion and to attract three top-tier occupiers in short order, which speaks to the continued demand for efficient, intelligent buildings that enable collaboration, connectivity, and promote the well-being of occupiers," said Kennedy Wilson President Mary Ricks.
"20 Kildare Street truly represents the best of both worlds - a heritage feel with a functionality of modern space - and it speaks to Kennedy Wilson's dedication to sustainability and historic preservation, as well as the emphasis we place on retaining the historic fabric of communities as we creatively repurpose buildings," she added.
