D2’s Dolmen House office block on market for €11m

Five-storey over-basement property was bought by Arthur Cox for €9m in 2014

Dolmen House, Earlsfort Terrace, Dublin 2, just off St Stephen’s Green
Dolmen House, Earlsfort Terrace, Dublin 2, just off St Stephen’s Green

Irish law firm Arthur Cox is to sell an office block it owns at Earlsfort Terrace in Dublin 2 after moving to a newly built headquarters at the junction of Earlsfort Terrace and Hatch Street. The firm, which employs more than 660 people, also recently vacated a second building it rented beside the Conrad Hotel on Earlsfort Terrace.

Selling agent Cushman & Wakefield is now quoting a sale price of €11 million for the 17-year-old Dolmen House, which it bought at the end of 2014 for about €9 million.

It will be no surprise if the five-storey over-basement block sells for considerably more than the guide price given its modern specification – raised access floors, suspended ceilings and air conditioning – and superb location just off St Stephen's Green and opposite the National Concert Hall. The building has a floor area of 1,153sq m (12,415sq ft) and 15 basement car parking spaces.

Aisling Tannam of Cushman & Wakefield, who is handling the sale, says she has already had inquiries about Dolmen House, which would have a wide appeal to both investors and occupiers.