Tuesday 28 August 2007

Old Irish Times’ office revamp to increase floor space by 25 per cent

The redevelopment of the former Irish Times head office on D’Olier Street will increase the gross floor space on the site by 25 per cent.

Using a vehicle called Veba, planning has been lodged to demolish more than half the floor space in the building and increase the floor space to 8,428 metres. The listed structures will be retained.

The plan includes the provision of a number of shops, restaurants and offices and the extensive use of glazing to increase the amount of natural light allowed into the building.

Veba is owned equally by P Elliott & Co chief executive David Mackey and Mark, Noel Senior, Noel Junior and Darragh Elliott. Mackey is chief executive of P Elliott & Co and chairman of the Central Fisheries Board.

He is a former Cavan county manager, spent ten years as group general manager of the Quinn Group and a further four years as chief executive of the group.

He began working with the Elliotts in 1999 after they formed Flag Properties.

The site was bought for €29 million in 2005 through CBRE.

The Irish Times relocated to Tara Street and has an option to purchase the building it currently rents.

Sunday Business Post

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