European investor acquires Hainault House for €3.6m
Jones Investments completes sale of south Dublin office building in just three weeks
Wed, Mar 4, 2020, 05:00
Jones Investments has secured just over €3.6 million from the sale of Hainault House at Belgard Square South, Dublin 24, to a private European investor.
The completion of the deal comes just three weeks after the developer brought the property to the market through joint agents Savills and QRE.
Jones Investments purchased the property in October 2016 and undertook a significant course of refurbishment and upgrade works to transform it from a standard 1990s building into a modern office space.
Hainault House briefly comprises 1,891sq m (20,350sq ft) of office space arranged over three floors with 59 surface car-parking spaces.
The building is fully let to the Citizens Information Board, Optical Express and Early Childhood Ireland, and is generating contracted rental income of €281,000 per annum. The investment provides for a weighted average unexpired lease term (wault) to expiry of more than 10 years and a wault to break of about seven years.
The subject property is positioned between the Plaza Hotel and the Square Town Centre on Belgard Square South and benefits from its proximity to Dublin city centre just 10km away.
Jones Investments have a proven track record of similar asset management initiatives which include the acquisition, refurbishment and disposal of the The One Building on Grand Canal Street and the Dockmill Building on Barrow Street. The company is on site constructing The Bottleworks, a 40,000sq ft development next to Google’s European headquarters in the Dublin docklands.
Date: March 4, 2020
Jones Investments Prepares for the Future
Jones Investments Ltd. is delighted to announce the promotion of two key colleagues to the company’s leadership team. Brian Foley will now assume the role of Commercial Director and Roly Chamberlayne becomes Associate Director of Projects.
Under the leadership of Chris Jones and Mark Sloan, Jones Investments Ltd. has been involved in the development of some of Dublin’s most important buildings and is recognised for its track record of delivering high end office accommodation to leading technology companies here in Ireland.
With more than 25 years’ combined experience, the team has been responsible for the development of Facebook’s original headquarters at Hanover Quay, the redevelopment of the Dockmill Building on Barrow Street subsequently sold to Google and more recently the reimagining of The One Building on Grand Canal Street for international payments company Stripe.
Both Brian and Roly are currently involved in Jones Investments’ latest project which will see The Bottleworks at Barrow Street, Dublin 4 developed into an exciting enterprise and innovation building to be completed in 2020.
Left to right: Roly Chamberlayne, Associate Director, Projects; Chris Jones, Managing Director; Mark Sloan, Finance Director and Brian Foley, Commercial Director
Date: November 6, 2019
Jones announces two new residential sites
Jones Investments are delighted to have recently completed the purchase of two new residential sites in key locations in Dublin. We have acquired a 1 acre site on Sandymount Avenue, Dublin 4 and also a site in Churchtown, Dublin 14. Currently we are undertaking design proposals for both sites.
Date: November 4, 2019
Commercial rentals complete
Jones Investments are pleased to announce two new lettings :
Strong Roots have recently taken a long term lease on the entire property, the Tramyard , Terminus Mills , Clonskeagh, Dublin 6
At Hainault House, Belgard Road , Dublin 24, Optical Express Ireland have taken the entire first floor on a long lease, while Citizens Information board have extended their space to the entire ground floor and have also signed a new extended lease of their existing space , showing considerable confidence in the location .
Date: October 31, 2019
Up and At It! The Bottleworks, Barrow Street, Dublin 4
Jones Investments’s latest project, The Bottleworks, at Barrow Street, Dublin 4 is now well underway. Take a look at our Gallery for our most recent aerial and on-site shots! This hi-tech Enterprise and Innovation building has been designed by Henry J. Lyons Architects. Following the demolition of the old warehouse, Sisk have been appointed as builders and construction is progressing well. The completed industrial-style building will be part of the cluster that already exists in the Silicon Docks and Barrow Street for technology companies. It will offer on-trend communal facilities for about 250 people, with shared work areas, meeting rooms and break-out spaces. Flexibility will be a key component in the finished facility, due for completion in 2020.
Contact Roland O’Connell at Savills for Letting Information.
Savills, 33 Molesworth Street, Dublin 2, D02 CP04.
|+353 1 618 1315
+353 87 244 2514
Date: March 4, 2019
BARROW STREET – HI-TECH ENTERPRISE & INNOVATION BUILDING
Jones cements plan for €10m hi-tech building near Google’s HQ .
Jones Investments, the property development group headed by Chris Jones, will spend €10m building a hi-tech enterprise building on Barrow Street in Dublin, close to the European headquarters of Google. Jones is expected to start work on the centre in June, with building work likely to take about 18 months. The project will involve the demolition of a warehouse at 15 Barrow Street, and replacing it with the “enterprise and innovation hub” aimed at technology, media and telecoms tenants. The industrial-style building will have space for about 250 workers, with shared work areas, meeting rooms and break-out spaces. While it will be similar to flexible office space offered by companies including WeWork and Iconic Offices, it is understood Jones will consider letting the entire building to a single tenant, which would then run it as an enterprise centre. Estate agent Savills has been retained by Jones to find a tenant. Jones bought the low-rise Barrow Street warehouse after it was put on the market for €2m in 2016. The developer initially sought permission for a 3,800 sq m building with five floors over a double basement. After some local objections and consultation with Dublin city council, it reduced the building by one floor and modified some other aspects of the building. Final planning permission was granted by the council in December and the decision was not appealed to An Bord Pleanala. The revised building will be 3,250 sq m in gross floor area. Commercial estate agents have forecast rents for prime office space will reach €700 per sq m this year. The enterprise centre, designed by architects Henry J Lyons, will be opposite the Bolands Quay apartment and office development being built by Nama. Chris Jones is a co-founder of Ellier Developments, which had a range of commercial and residential projects in Ireland and the UK, including apartments and offices at Hanover Quay in Dublin. He set up Jones Investments in 2012. Jones sold the Dock Mill building, also on Barrow Street, to Google for €13m in 2014. He had acquired the building from Nama in 2012 for €1.3m and spent €1.4m on upgrading it before selling it on to the search giant. Jones also developed the One Building on nearby Grand Canal Street, which is occupied by Stripe, the online payments company founded by Irish brothers Patrick and John Collison.
Date: February 6, 2018
Announcing The Tramyard – excellent new office accommodation available to rent.
The Tramyard in Dublin 6 – Stylish office accommodation likely to attract attention Once an old tramyard housing trams from the old Clonskeagh tram line; this property has been immaculately refurbished by owners Jones Investments Ltd. The recently renovated property offers a specification to rival new city centre office accommodation and includes generous floor to ceiling heights, glazed apex bringing in lots of natural light, VRF air conditioning, shower facilities, bicycle parking and a furnished reception. Jones Investments have once again delivered superbly by bringing this property from an old run down warehouse to a very trendy office offering in Dublin 6. Located in Terminus Mills on the Clonskeagh Road, other occupiers in the development include Platinum Pilates, Kavanagh Tuite Architects, The independent Theatre Workshop and L&P. Sole letting agents Agar are expecting good interest across all sectors. Lisney believe the accommodation would suit a wide range of tenants, in particular graphic designers, architects and the IT sector may suit this stylish office space. Spread over 2 floors, the property extends to 5,100 sq ft.and includes 6 car spaces.
Date: May 8, 2017
Hainault House Update
Jones Investments have announced the launch of Hainault House on the Belgard Square South in Dublin 24. The company purchased the property in October 2016 for €1.8 million and have undertaken a significant course of refurbishment and upgrade works to the property, transforming it from a relatively mundane 1990’s building to a ‘current’ ultra-modern office property. The entire building extends to approximately 1,554 sq. m. (16,700 sq. ft.). Agents QRE have been appointed to lease the first floor of the property, which extends to 518 sq. m. (5,576 sq. ft.), which also comes with the additional benefit of 20 surface car parking spaces. Aishling O’Hanlon of QRE confirmed that the property has been extensively refurbished and modernised throughout and contains some typical Jones Investments signature elements, similar to the hugely successful Dock Mill Quay and One Building developments in Dublin City Centre. O’Hanlon confirmed that upgrade works were carried out both externally and internally and include an ultra-modern triple height reception area, new modern WC facilities and new shower facilities. The office floorplate is L shaped with central core, generous floor to ceiling height and is ready for immediate tenant fit out. Specification includes raised access floors, suspended ceilings, recessed light fittings and carpet tiles. Hainault House was developed on one of the best sites in the locality and is positioned between The Plaza Hotel and The Square Town Centre on Belgard Square South. The property has convenient access to eateries such as The Bagel Factory, Chopped, Costa Coffee, El Gringo Burrito, Mao, O’Brien’s, Starbucks and many more which are all available within The Square Town Centre, which is within a 2 minutes’ walk. To further complement the location, The Town Centre provides everything from food stores to fashion, banking and medical facilities. It is also within a 5 minutes’ drive of the award winning Tallaght Leisure Centre which provides a fully equipped gym, excellent pool facilities, fitness studios, indoor sports hall and all weather pitches. The area is very well served by public transport being within 5 minutes’ walk of the Red Luas Line and also serviced by many Dublin Bus routes. Dublin Airport is within a 25 minute drive via the M50. The first floor is available to Lease at €18.00 per sq. ft. (€194 per sq m) and €650 per car parking space. For further details or to arrange an inspection please call Aishling O’Hanlon, Aishling.firstname.lastname@example.org or Conor Whelan / Conor.email@example.com / 01 – +353 (0)1 637 5555
Date: May 8, 2017
Jones Investments’ The One Building wins Design Project of the Year 2016
Hot off the Press – The One Building has been awarded the KPMG Irish Independent Design Project of the Year 2016. The announcement was made at a gala dinner at the Convention Centre tonight. Congratulations to all the team! See award presentation in our video section.
Date: November 10, 2016
Jones Investments shortlisted for 2 awards!
Jones Investments Ltd.’s The One Building has been shortlisted for the 2016 Irish Independent Property Industry Excellence Awards 2016 in two categories – Property Conservation Award and Design Project of the Year. The Awards ceremony takes place on the 19th November at the Convention Centre Dublin.
Date: October 17, 2016
A New Acquisition!
A recent acquisition for Jones Investments is Hainault House , a modern stand-alone 3 storey office building consisting of 1,522 sq.m( 16,382 Sq.ft.) of net lettable areas , along with 61 car spaces. Located next to the Square Town Centre and also the Plaza Hotel in Tallaght, the office building offers excellent transport links to Town and the M50 including the nearby LUAS red line, which is less than a 5 minute walk. The property benefits from good floorplates , well located cores, triple height atrium, double glazed aluminium external windows, raised access flooring, suspended ceiling incorporating category II lighting, 8 person passage lift, and a C2 building energy rating. Government tenants occupy two floors and the plan is to refurbish the vacant floor and upgrade the common areas, in order to achieve full occupancy.
Date: October 12, 2016
The One Building has been nominated for the Irish Construction Industry Awards 2016, taking place on 2nd June 2016 at the DoubleTree by Hilton Hotel!
Date: June 1, 2016
One Building architects get AAI Special Mention Award.
Congrats to NBK Architects on getting a Special Mention Award at the AAI ceremony 2016 for their work on the One Building. Pictured is NBK’s Mark Whelan in expressive mood after their recognition!
Date: July 4, 2016
It is with great pleasure that I would like to announce the appointment of Brian Foley as an Associate Director of Jones Investments Ltd. Brian has worked with me now for close to twenty years and in that time has made an invaluable contribution to the Projects we have delivered . His dedication and attention to detail are second to none and I would like to thank him for all his care and attention over the years. Brian will continue to look after his existing responsibilities but will also become more involved in the Sourcing of land and new opportunities . I know you will join with me in wishing Brian continued success in his new role . Chris Jones
Date: May 31, 2016
New Tenant for The One Building
Stripe moves Irish offices to The One Building in Silicon Docks
The Collison brothers’ fast-growing $5bn e-commerce giant Stripe has signed a lease on a new premises at the The One Building on Grand Canal Street in Dublin’s famous Silicon Docks. Stripe, started by Irish brothers John and Patrick Collison, was recently valued at $5bn after raising close to $100m from investors including card giant Visa. Stripe president and co-founder John Collison told Siliconrepublic.com recently that the company fosters ambitions to be a 1,000-person company in the next few years. A spokesperson for the company said Stripe plans to gradually grow its operations in Dublin.
‘As a company with Irish founders, The One Building not only cements our Irish roots but provides enough space to gradually expand our team’ – DON O’LEARY, STRIPE
The 45,000 sq ft The One Building was designed by Irish architect Sam Stephenson and was recently redeveloped by Jones Investments Ltd, the company that redeveloped Dock Mill on Barrow Street, which was sold to Google last year. It is understood that Stripe plans to use only part of the building, initially.
Room for expansion
As well as being in the Silicon Docks district of Dublin (where Facebook, Google and Airbnb are situated) the building is close to transport links from the DART and Luas lines. The company has been bolstering its senior management team with seasoned executives that include former Google X division executive Claire Johnson, who is the company’s new head of operations, and Thrive Capital’s Will Gaybrick as CFO. The company also this year appointed former Twitter executive Don O’Leary to spearhead the company’s European expansion from Dublin. The team up until this point has been based in The Digital Hub and numbers around 15 people. “As a company with Irish founders, The One Building not only cements our Irish roots but provides enough space to gradually expand our team,” said Don O’Leary, Stripe’s country lead for Ireland. “As we look to provide faster, more local support to our European users, being centrally located with room for growth was a top priority for us.” In a recent pricing update on the Stripe blog it was revealed that Stripe is now available in 14 countries across Europe.
Stripe was founded five years ago when Patrick was 22 and John was 19. Stripe is a technology platform that developers use to build internet businesses. Hundreds of thousands of businesses – ranging from startups to Fortune 500 companies – rely on Stripe’s software tools to securely accept payments, expand globally, and create new revenue streams. The Collison brothers had previously sold their first start-up, Auctomatic, for US$5m (€3.2m) to a Canadian company called Live Current Media when they were still teenagers. Stripe is now one of the fastest-growing tech companies in the Silicon Valley scene and the company has received investment from Peter Thiel, Elon Musk, Sequoia Capital, Visa and American Express to name a few. Today the San Francisco-headquartered company processes billions of dollars a year for customers including Kickstarter and Salesforce.
Property award nomination
The standards of excellence achieved by Jones Investments’ restoration of Dockmill, situated in the heart of Dublin’s Silicon Docks, was recognised when the project was nominated for a Conservation Award in the Irish Independent Property Excellence Awards 2015. The journey from abandoned building to home to a global leader delivered a future to this historic building and contributes to the unique character of this thriving commercial location.
Google Buys Dockmill
The New York Times described Dublin’s Grand Canal Dock as being a “kind of home away from home for the big Silicon Valley companies”. In November 2014 Jones Investments’ landmark Dockmill building, located in the heart of Dublin’s Silicon Docks in the Grand Canal Dock, was purchased by Google. This unique 10,734 sq.ft. environment, built to the highest standards and specifications, demonstrates Jones Investments’ commitment to quality design and build. Dockmill is beside Google’s European HQ on Barrow Street.