Hibernia Reit confirmed it has let two floors of office space in its 1 Windmill Lane building for an initial rent of €2.8 million a year. Hibernia did not name the tenant, saying only that it was a technology company, but in a note Goodbody stockbrokers said it was understood Autodesk was taking up the office space. The Windmill Lane building contains 124,000 sq ft of offices, with 8,000 sq ft of retail and 14 residential units. The latest announcement means Hibernia Reit has let 96 per cent of commercial space in the building, with residential space already fully let, with a contracted €7.5 million in rent per year. The bank currently occupies the 47,000 sq ft of office space available in the building at a rent of €2 million per year.

Source: The Irish Times March 29, 2018 07:18 UTC