Europa and local partners Core Capital and Oakmount have completed the sale of the Earl Building – part of the Clerys Quarter development in Dublin, Ireland – to the Health Service Executive (HSE) on behalf of the Rotunda Hospital.
The HSE paid an undisclosed price for the 30,700 sq ft building, which it intends to transform into a new healthcare facility catering for more than 100,000 outpatients annually.
James Keast, director, asset management at Europa, said: “The agreement to sell the Earl Building to HSE on behalf of the Rotunda Hospital is a major development for the wider Clerys Quarter. We anticipate that the opening of the outpatient services, along with the recent food & beverage lettings at the Clerys Quarter development, will support the overall eco-system of the area.”
Derek McGrath, from Core Capital, added: “Today’s announcement marks a significant milestone for Clerys Quarter, as we continue to develop a vibrant mixed-use space in the heart of Dublin city centre. The Earl Building is a state-of-the-art development with excellent sustainability credentials, which we believe will make an excellent home for the Rotunda Hospital’s outpatient services. We are delighted to welcome the HSE to the wider Clerys Quarter development.”
