Hibernia REIT PLC Hibernia lets 1SJRQ, South Docks, to HubSpot (1224H)
November 13 2018 - 1:01AM
UK Regulatory
TIDMHBRN
RNS Number : 1224H
Hibernia REIT PLC
13 November 2018
Hibernia lets 1SJRQ, South Docks, to HubSpot
Hibernia REIT plc ("Hibernia") announces that it has agreed to
lease all the office accommodation in 1 Sir John Rogerson's Quay
("1SJRQ") to HubSpot Ireland Limited ("HubSpot"), a leading
provider of inbound marketing and sales software.
HubSpot, which is already a tenant of Hibernia in One & Two
Dockland Central ("1 & 2DC") where it will continue to occupy
73,000 sq. ft., is taking a 20 year lease of 1SJRQ, with 12 years
term certain, commencing in June 2019. The lease covers 112,000 sq.
ft. and 31 parking spaces on which HubSpot will pay, after a four
month rent free, an initial rent of EUR6.8m per annum, equating to
EUR59.75 per sq. ft. for the office space. The date of HubSpot's
break options in 1 & 2DC has been extended by three and a half
years to align with 1SJRQ.
1SJRQ is a high profile riverside development and is reaching
the final stages of construction: when finished in early 2019 it
will comprise 112,000 sq. ft. of offices and 7,000 sq. ft. of food
& beverage space. It is one of six adjacent properties owned by
Hibernia which make up the Windmill Quarter in Dublin's South Docks
and which will total c. 400,000 sq. ft. of office space along with
further residential, food & beverage and gym areas when
finished in early 2019.
Justin Dowling, Hibernia's Head of Asset Management, said:
"We are delighted to be letting 1SJRQ, our landmark building in
Dublin's South Docks, to HubSpot, building on the strong
relationship we have developed over the past three years. With its
distinctive restored tramway façade and Dockers Pub, 1SJRQ combines
historic Dublin with class-leading new office space. We look
forward to working with HubSpot to complete their new Dublin
headquarters and to welcoming them to the Windmill Quarter."
Christian Kinnear, Managing Director of EMEA at HubSpot,
said:
"HubSpot has grown significantly in EMEA over the last few
years, and our headquarters in Dublin has played a significant role
in that progress. This expansion will allow us to increase
headcount, develop more world-class products, and continue to
deliver exceptional service to our customers. We're excited to move
into this new space and we look forward to seeing what we can
achieve from Dublin in the coming years."
ENDS
Contacts:
Hibernia REIT plc +353 1 536 9100
Justin Dowling, Head of Asset Management
Tom Edwards-Moss, Chief Financial Officer
Murray Consultants
Doug Keatinge: +353 86 037 4163, dkeatinge@murraygroup.ie
Jill Farrelly: +353 87 738 6608, jfarrelly@murraygroup.ie
About Hibernia REIT plc
Hibernia REIT plc is an Irish Real Estate Investment Trust
("REIT"), listed on Euronext Dublin and the London Stock Exchange.
Hibernia owns and develops property and specialises in Dublin city
centre offices.
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END
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