Irish property developer Marlet Property Group has purchased the Apollo House building in Dublin for more than 50 million euros ($57 million). The sale was handled by UK-based real estate developer Savills.
With the planning nod, the new building will have a ground floor retail, café, bar and restaurant units and demolition of the former Apollo House has already taken place.
As a result of the denominated house, the new building will feature a double basement providing 40 car parking spaces and 166 bicycle spaces, with associated shower and toilet facilities.
With 18,800 office-based jobs created in the past two years, the office-based employment accounts for almost 37 percent of all jobs in Dublin and the demand for quality office stock in good locations is growing.