Office-to-medical switch after sale in Dublin’s Clerys Quarter

Old offices in the Clerys Quarter mixed-use development in Dublin will be transformed into a new maternity outpatient hospital. Europa and its local partners Core Capital and Oakmount have completed the sale of the Earl Building to the Health Service Executive on behalf of the Rotunda Hospital.

“This marks a significant milestonefor Clerys Quarter, as we continue to develop a vibrant mixed-use space in the heart of Dublin city centre,” said Derek McGrath, managing director, Core Capital. “The Earl building is a state-of-the-art development with excellent sustainability credentials, which we believe will make an excellent home for the Rotunda Hospital’s outpatient services.”

The Health Service Executive will transform the 30,700 sq ft building, which represents approximately a third of the office space at Clerys Quarter, into a new healthcare facility catering for over 100,000 outpatients annually across services including maternity outpatients, paediatric outpatients, colposcopy, perinatal mental health and allied health (social work, dietetics and physiotherapy).

The Earl Building provides a modern, current build to enable the provision of ambulatory maternity and outpatient services. In addition to the healthcare facility, the building also includes a ground floor retail unit which is now let to Pret A Manger. 

The sale forms part of the wider redevelopment of Clerys Quarter, a new mixed-use scheme in the heart of Dublin, which has achieved WiredScore Platinum certification and is on track to target LEED Gold.

The restoration of the Clerys building, which is being delivered by Europa with Core Capital and Oakmount, combines traditional elements and modern concepts to create a landmark destination on Dublin’s O’Connell Street. The building’s historic features have been retained, including the colonnaded façade, internal staircases, columns and ceilings and the  refurbished Clerys clock.

The phased opening of Clerys Quarter is expected to start over the coming months, with Pret A Manger due to open in December, followed by a second phase in Spring of next year, when H&M will open its largest store in Dublin, a 31,750 sq ft unit currently being fitted out, and Rolled, a sushi vendor, will open a ground floor unit at Earl Place Market.

“The agreement to sell the Earl Building to the Health Service Executive is a major development for the wider Clerys Quarter,” said James Keast, director, asset management, Europa. “We anticipate that the opening of the outpatient services, along with the recent food & beverage lettings at the Clerys Quarter development, will support the overall eco-system of the area.”