Bord Gáis checks out as Lapp’s Quay upgrade begins

Bord Gáis is checking out of several of its office spaces on Cork city’s Lapps Quay — just as Cork City Council prepares a €2m quay upgrade, to include the €800,000 purchase of the old Cork Savings Bank at 1 Lapps Quay.

Bord Gáis checks out as Lapp’s Quay upgrade begins

City Hall’s purchase of the 1839-built classical Romanesque bank building is currently proceeding after departing City Manager Tim Lucey announced the local authority’s intention to buy it, back in March, for civic purposes, and to copper-fasten the improvements on Parnell Place, linking the South Mall to City Quarter.

The elegant, 7,600 sq ft bank building had been on the market since January 2013, initially guiding €1.2m with Lisney. Among those known to have viewed it from the private sector were local publicans, as well as UK chain Weatherspoons, who’ve since bought the Newport bar on Paul Street.

A City Hall spokesperson this week said the bank building purchase was at an advanced stage, and it was intended to have it open for public use, functions and income/ fee-earning events, with architects currently looking at best options for the banking hall, and building behind at 16 Parnell Place.

Since the TSB branch went up for sale last year, KBC Bank is a new arrival on Lapps Quay facing City Hall in a converted warehouse building, next to SIPTU, while the south-facing quay is book-ended by the modern O’Flynn Construction office development 5&6 Lapps Quay. Now, part of the first floor of No 6 Lapps Quay is coming up to let, as Bord Gáis begins to relocate to 40,000 sq ft at Enterprise Ireland’s Webworks, by City Hall at Eglinton Street and Albert Quay.

The phased move will also see them vacate further space on floor 2 of No 6, but first out of the traps is Philip Horgan of DTZ Sherry FitzGerald. He has 5,400 sq ft on floor one of No 6, at a rent of €22 psf. Largely open plan and well serviced it’s at the eastern corner facing the Clarion Hotel and boardwalk.

There’s a feature entrance foyer, reception, two lifts, air conditioning and raised access floors. With Bord Gáis about to vacate 14,000 sq ft overall here, their relocation provides sizeable amount of quality accommodation on Lapps Quay for new users, says DTZ’s Mr Horgan, adding that they will also get the benefit of the €2m public realm quay upgrades, gratis of City Hall.

Details: DTZ Sherry FitzGerald, 021-4275454; Lisney, 021-4275079

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