Superb Office Investment – Swift Square, Northwood, Santry Demesne, Dublin 9
Prime Suburban Office Investment in Dublin 9
During 2025, Hooke & MacDonald and their joint agents Savills were pleased to have successfully handled the sale of a superb office investment at Swift Square, Northwood, Santry Demesne, Dublin 9.
Following a competitive public marketing campaign, the property attracted significant interest from investors, ultimately achieving a sale price of €30 million.
The investment, comprising two fully let office blocks (Block 1 and Block 2) of a total of approximately 157,853 sq ft with surface and basement car parking, was sold by private treaty on behalf of the Cosgrave Property Group following a public marketing campaign that concluded with a winning bid by purchaser Camgill Conway (advised by Colliers), following a call for best bids.
At the time of going to market the investment was fully let producing a total rent of c. €4.19 million per annum with a weighted average unexpired lease term of 3.1 years to break and 5.9 years to expiry. Block 2 is let to the ESB in its entirety while Block 1’s 10-strong tenant line-up includes BMW, Close Brothers, the National Standards Authority of Ireland (NSAI) and Affidea.
The property also had the benefit of full planning permission for the development of a scheme of 192 predominantly two-bedroom apartments designed by McCrossan O’Rourke Manning, to be located on the existing surface car park.
Situated in Northwood Campus, a mature parkland environment comprising over 220 acres, incorporating office, medical, residential, hospitality & retail accommodation alongside a 90-acre public park, the property offers a prime location for both national and international occupiers, with Dublin airport ideally located only 1 kilometre away and both the M50 and M1 motorways within easy reach.
Enda Moore, Director of Hooke & MacDonald Commercial commented:
“The sale of this office investment property reflects the strong tenant line up, prime suburban location and high quality, well managed and maintained nature of the asset, in challenging market conditions for office sector.”
For Further Information or to discuss any related property matters please contact:
Enda Moore – endam@hmd.ie
Sebastian Judd – sebastianj@hmd.ie
Conor Steen – conors@hmd.ie