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Last edited 25 Jan 2017
UandI joint venture
On 18 January 2017, the London-based property regeneration company U+I announced it was forming a joint venture with the American developer Colony NorthStar Inc. The joint venture will spend €300m on office refurbishment jobs in London, Manchester and Dublin.
The Record Store is being repositioned to create 60,000 sq. ft. of creative office space as part of U+I’s wider transformation of the 17-acre site.
Donnybrook House is a 72,000 sq. ft. vacant building in a prominent location in central Dublin which U+I will refurbish to meet the demands of creative and tech focussed businesses.
Most recently Ballymoss House, a 67,000 sq. ft. third generation office building, has been acquired in Dublin for €13.5 million. The property will be immediately refurbished.
Matthew Weiner, Chief Executive of U+I, said:
“There is currently a shortage of offices across U+I’s core locations which provide the right space or environment to satisfy the needs of today’s modern enterprises.
“Office refurbishment is one of U+I’s core skills, this platform will allow us to deliver workplaces tailored for the 21st century and create value through our expertise in planning, development, refurbishment and asset management.”
--U and I
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