News
CMC Coal Marketing secure 800sqm penthouse
31.01.2008
CMC Coal Marketing secure 800sqm penthouse in a new office scheme at Fumbally Square Dublin 8
CMC COAL MARKETING SECURE 800 SQ.M. PENTHOUSE IN A NEW OFFICE SCHEME AT FUMBALLY SQUARE, NEW STREET, DUBLIN 8
Agents CB Richard Ellis and Savills Hamilton Osborne King are delighted to announce that CMC have been secured as the first letting in the 800 sq.m. penthouse at Fumbally Square, a high quality development by Markland Holdings Limited and designed by award winning architects Murray O’Laoire. The additional space is needed following significant growth in CMC over the last three years with similar future growth expected in the years to come.
Coal Marketing Company Ltd. (CMC) was established in January 2003 by shareholders Anglo American, BHP Billiton and Glencore. In May 2006 Xstrata acquired Glencore's 33% share and replaced them in the consortium. CMC is the exclusive marketer for coal produced in the vast Cerrejón complex, located on Colombia's Northern Coast. Sales for the company have grown from 18.5 million tonnes in 2002 to 30 million tonnes by 2007. CMC was represented by Simon Bull of MEPC.
Located on Fumbally Lane, adjacent to Kevin Street, Fumbally Square is an exciting new office development in the midst of a vibrant commercial community, and is a short walk from the high rent office locations of Harcourt Street and St. Stephens Green. The area around Fumbally is very well serviced by public transport with a total of 15 bus routes in the immediate vicinity. The development further benefits from its close proximity to the Green LUAS line stops at St Stephens Green and Harcourt St.
These factors have already encouraged other large office occupiers to the area such as leading financial services company IFS, Murray O’Laoire architects, the OPW and The Department of Justice.
The scheme is now completed and the agents are now marketing the remaining floors in this five storey office complex, which comprises of 4,024sq.m net internal floor space, of which there is 3,224 sq.m. remaining over four floors with the benefit of 48 secure on-site underground car parking spaces. The building benefits from quality specification throughout along with a spacious reception and atrium. The stunning tree ferns in the courtyard were imported from New Zealand creating a dramatic impact on entry to the scheme.All floors can be sub-divided with minimum lettings of 335sq.m available. The joint agents CB Richard Ellis and Savills Hamilton Osborne King are currently quoting a rent of € 430 per.sq.m.
Darren Nugent of joint letting agent, CB Richard Ellis comments “The Success of Fumbally Square as an office location is a direct result of the ongoing attractive nature of offices close to St. Stephens Green with good transport links and Markland Holdings commitment to deliver quality buildings”.
For further information please contact:
Darren Nugent/ James Mulhall, Office Department, CB Richard Ellis - 01 6185574
Fenton Murphy/ Roland O’Connell, Office Department, Savills Hamilton Osborne King.