Refurbished Ballsbridge office block gets three new tenants

Friends First has signed up three new tenants for its refurbished office block at 23 Shelbourne Road in Ballsbridge.

Finance Ireland, Transaction Network Services and DTCC are now occupying a combined 864sq m (9,300sq ft) in the building, joining existing tenants Scale-up Systems, Belfius Bank and Ikea's treasury section Fami Ltd.

Claire Solon, head of property at Friends First, says the remaining 929sq m (10,000sq ft) of space in the block is being marketed at €538.20 per sq m (€50 per sq ft) through Lisney and BNP Paribas Real Estate.

The six-storey office block at 23 Shelbourne Road was bought by Friends First in December 2015 for €18 million. It has since undergone complete refurbishment to provide 2,363sq m (25,435sq ft) of high-spec space and 23 car-parking spaces.

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There has been a noticeable increase in development activity in Ballsbridge recently, as work on Facebook's massive campus at the former AIB Bankcentre ramps up. Other large schemes, like Number 1 Ballsbridge and Lansdowne Place, are also taking shape, while the arrival of Avoca, Butlers Cafe and Shelbourne Social have boosted the area's retail offering.