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CHQ Building Lisney

CHQ building in Dublin's docklands is sold for €10 million

The building was redeveloped by the Dublin Docklands Development Authority in 2005 for €45 million.

THE LANDMARK CHQ Building in the heart of the IFSC has been sold by the Dublin Docklands Development Authority (DDDA) for just over €10 million.

The Grade One listed building was redeveloped by the DDDA in 2005  for a cost of approximately €45 million but has struggled to maintain high occupancy levels. 82 per cent of the development was vacant when it was put on sale.

The property was bought by former Coca-Cola Company CEO Neville Isdell, who says that the initial plan is to make improvements to the building before deciding on its long-time use.

I am thrilled with the opportunity to develop and improve this wonderful, iconic and historic building. We will be evaluating and developing a number of ideas over the coming months and engaging with the relevant local and national public bodies to assist our objective of establishing a new distinctive destination for Dublin.

Commercial agents Lisney managed the sale of the property and said that there was intense competition for the purchase with formal offers made by ten potential buyers.

Read: Nearly one in eight commercial properties in Ireland is unoccupied >

Read: ‘One community’ approach for Dublin Docklands future

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40 Comments
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    Mute Kevin Smyth
    Favourite Kevin Smyth
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    Oct 25th 2012, 5:40 PM

    The ‘church’ sign looks like a Bureau de Change. Cheques made payable to Creflo Dollar. Peace.

    I often wonder why I don’t start my own ministry. I could certainly do with a bigger house, more cars and a swiss watch. Wait, I think god just spoke to me. . . . . . $$$$$

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    Mute Anita Tuesley
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    Oct 25th 2012, 7:13 PM

    it really does look like bureau de change! they’ll take your cash in any currency! ;-)

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    Mute Anita Tuesley
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    Oct 25th 2012, 7:17 PM

    it really does look like a bureau de change! they’ll take your cash whatever the currency. ;-)

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    Mute shadow75
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    Oct 26th 2012, 3:58 AM

    Don’t forget if you start a church you’ll be tax exempt aswell,if all the churches worldwide paid tax.they could sort out poverty,then again there’s no money in a cure is there?

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