On the instructions of CIE Group Property Management

TARA HOUSE, TARA STREET, DUBLIN 2 ON A SITE OF

0.135 (0.33 ACRES)Initial Tenders 12 Noon Wednesday 22nd April 2015

Prime development opportunity on Tara Street for a high rise modern building and suited to a variety of uses including offices, hotel and

residential (subject to planning permission).

Site immediately adjoins Tara Street DART Station beside the River Liffey and South Docklands and Ulster Bank HQ and many important

modern office buildings and occupiers.

Suited to the development of a new landmark building in this central city position close to LUAS and all city amenities.

Additional frontages to George’s Quay beside Tara Street DART Station entrance.

A 300 year ground lease will be offered with an annual rent or alternatively 10% of market rent from the new building whichever is

the higher.

Of interest to developers, investors, institutions and funds.

TE

ND

ER

01-638 2700

01-638 2700

Dublin . Belfast . Corkwww.lisney.comwww.lisney.com

Lisney and the Vendor/Lessor whose Agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars as to this

property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or

representations of fact. 3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation are given in good faith and are believed to be correct

but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or

misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. 4. Neither the Vendor/Lessor nor Lisney nor any

person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all

negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.

OTHER OFFICESMontgomery House, 29-33 Montgomery Street, Belfast BT1 4NX.

Tel: +44 2890 501 501 Fax: +44-2890-501505. Email: property@lisney-belfast.com

1 South Mall, Cork. Tel: 021 427 5079. Fax: 021-427 2405

Email: cork@lisney.com

ST. STEPHEN’S GREEN OFFICESt. Stephen’s Green House,

Earlsfort Terrace, Dublin 2.

Tel: 01 638 2700 Fax: 01 638 2706

Email: dublin@lisney.com

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Tara House

George’s Quay

www.lisney.com

01-638 2700

LEGAL

The legal structure will briefly comprise an initial 5 year licence to

enable the selected bidder to secure planning permission for, and

construct a scheme of development on the site. This will be

followed by the grant of a long 300 year lease on practical

completion. Bidders will be asked to specify the proposed licence

fee and the base rental (increased annually in accordance with

CPI) for the long lease. As an alternative, CIE will be entitled to

collect 10% of the gross rents received from the property if this

exceeds the base rental specified.

This transaction is not deemed to be a public works contract,

public works concession contract or any contract covered by

European and/or Irish public procurement legislation.

TENDER PROCEDURE

The closing date for the receipt of tenders is 12 noon on

Wednesday 22nd April 2015. Proposals prepared in accordance

with the requirements of CIE are to be be submitted to the offices

of Lisney, 6th Floor, St Stephen's Green House, Earlsfort Terrace,

Dublin 2 in a sealed envelope marked “Project Tara”.

There is a two round selection process the details of which are

contained in the Request for Proposals document incorporating

an agreement for lease, a 300 year lease together with the

contract documents.

The tender procedure will first comprise a shortlisting as set out

in the documentation. The shortlisted bidders may then be invited

to confirm their best and final offer for the interest in the site one

month later. A decision will be considered by CIE based on the

award criteria as set out in the Request for Proposals.

FURTHER INFORMATION

For further information on the tender process and for permission

to access the prepared Data Room documentation contact either

Ross Shorten or Fintan McCluskey of Lisney on 01 6382700.

VIEWING

By appointment only.

LOCATION

The location is ideal for commercial and mixed-use development being situated overlooking the River Liffey, opposite

the Custom House and Liberty Hall, close to the Loop Line Bridge and is in a highly accessible position beside Tara

Street DART Station and close to the LUAS. This is the start of the South Docklands office area and is only a short

walk to O'Connell Street, Westmoreland Street, Trinity College and Grafton Street.

Tara Street carries a large volume of vehicular traffic moving northwards and is a highly important central city

traffic artery.

This is a well known city office location beside the pyramidal George's Quay buildings and the landmark Irish Times

headquarters. The older office buildings nearby are likely to be refurbished or redeveloped in the coming years.

DESCRIPTION

Tara House was constructed in the 1970s and was occupied by the Irish Press Group. In more recent years it was

purchased by CIE for a redevelopment scheme to incorporate a new DART Station concourse with development of

the airspace over the station. While planning permission was secured by CIE (29S.PA0012) the DART Station has

since been upgraded. CIE have decided to invite proposals for the redevelopment of the Tara House site for a high

rise building in its own right. The site being offered for tender is smaller than the site for which planning permission

was secured.

The existing Tara House building contains offices on 3 levels and has a gross floor area of approx. 1,150 sq.m.

(12,400 sq.ft.). The building is capable of yielding a short-term rental income during the planning process.

TOWN PLANNING

The property is situated in the George's Quay Local Area Plan under the Dublin City Development Plan 2011-2017.

BER CERTIFICATE

The existing building has a BER Cert rating of F. 786.95 kWh/m2/yr. No. 800375479.

www.lisney.com

01-638 2700

LEGAL

The legal structure will briefly comprise an initial 5 year licence to

enable the selected bidder to secure planning permission for, and

construct a scheme of development on the site. This will be

followed by the grant of a long 300 year lease on practical

completion. Bidders will be asked to specify the proposed licence

fee and the base rental (increased annually in accordance with

CPI) for the long lease. As an alternative, CIE will be entitled to

collect 10% of the gross rents received from the property if this

exceeds the base rental specified.

This transaction is not deemed to be a public works contract,

public works concession contract or any contract covered by

European and/or Irish public procurement legislation.

TENDER PROCEDURE

The closing date for the receipt of tenders is 12 noon on

Wednesday 22nd April 2015. Proposals prepared in accordance

with the requirements of CIE are to be be submitted to the offices

of Lisney, 6th Floor, St Stephen's Green House, Earlsfort Terrace,

Dublin 2 in a sealed envelope marked “Project Tara”.

There is a two round selection process the details of which are

contained in the Request for Proposals document incorporating

an agreement for lease, a 300 year lease together with the

contract documents.

The tender procedure will first comprise a shortlisting as set out

in the documentation. The shortlisted bidders may then be invited

to confirm their best and final offer for the interest in the site one

month later. A decision will be considered by CIE based on the

award criteria as set out in the Request for Proposals.

FURTHER INFORMATION

For further information on the tender process and for permission

to access the prepared Data Room documentation contact either

Ross Shorten or Fintan McCluskey of Lisney on 01 6382700.

VIEWING

By appointment only.

LOCATION

The location is ideal for commercial and mixed-use development being situated overlooking the River Liffey, opposite

the Custom House and Liberty Hall, close to the Loop Line Bridge and is in a highly accessible position beside Tara

Street DART Station and close to the LUAS. This is the start of the South Docklands office area and is only a short

walk to O'Connell Street, Westmoreland Street, Trinity College and Grafton Street.

Tara Street carries a large volume of vehicular traffic moving northwards and is a highly important central city

traffic artery.

This is a well known city office location beside the pyramidal George's Quay buildings and the landmark Irish Times

headquarters. The older office buildings nearby are likely to be refurbished or redeveloped in the coming years.

DESCRIPTION

Tara House was constructed in the 1970s and was occupied by the Irish Press Group. In more recent years it was

purchased by CIE for a redevelopment scheme to incorporate a new DART Station concourse with development of

the airspace over the station. While planning permission was secured by CIE (29S.PA0012) the DART Station has

since been upgraded. CIE have decided to invite proposals for the redevelopment of the Tara House site for a high

rise building in its own right. The site being offered for tender is smaller than the site for which planning permission

was secured.

The existing Tara House building contains offices on 3 levels and has a gross floor area of approx. 1,150 sq.m.

(12,400 sq.ft.). The building is capable of yielding a short-term rental income during the planning process.

TOWN PLANNING

The property is situated in the George's Quay Local Area Plan under the Dublin City Development Plan 2011-2017.

BER CERTIFICATE

The existing building has a BER Cert rating of F. 786.95 kWh/m2/yr. No. 800375479.

On the instructions of CIE Group Property Management

TARA HOUSE, TARA STREET, DUBLIN 2 ON A SITE OF

0.135 (0.33 ACRES)Initial Tenders 12 Noon Wednesday 22nd April 2015

Prime development opportunity on Tara Street for a high rise modern building and suited to a variety of uses including offices, hotel and

residential (subject to planning permission).

Site immediately adjoins Tara Street DART Station beside the River Liffey and South Docklands and Ulster Bank HQ and many important

modern office buildings and occupiers.

Suited to the development of a new landmark building in this central city position close to LUAS and all city amenities.

Additional frontages to George’s Quay beside Tara Street DART Station entrance.

A 300 year ground lease will be offered with an annual rent or alternatively 10% of market rent from the new building whichever is

the higher.

Of interest to developers, investors, institutions and funds.

TE

ND

ER

01-638 2700

01-638 2700

Dublin . Belfast . Corkwww.lisney.comwww.lisney.com

Lisney and the Vendor/Lessor whose Agents they are give notice that: 1. These particulars do not constitute any part of an offer or contract. 2. All statements contained in these particulars as to this

property are made without responsibility on the part of the Agents or the Vendor/Lessor and none of the statements contained in these particulars as to this property are to be relied on as statements or

representations of fact. 3. The particulars, various plans, photographs, dimensions, references to condition and permissions for use and occupation are given in good faith and are believed to be correct

but their accuracy is not guaranteed and any intending Purchasers or Tenants shall satisfy themselves by inspection or otherwise as to correctness of each of them. No omission, accidental error or

misdescription shall be ground for a claim for compensation nor for the rescission of the contract by either the Vendor/Lessor or the Purchaser/Tenant. 4. Neither the Vendor/Lessor nor Lisney nor any

person in their employment has any authority to make or give any representation or warranty whatever in relation to the property. 5. Prices are quoted exclusive of VAT (unless otherwise stated) and all

negotiations are conducted on the basis that the Purchaser/Tenant shall be liable for any VAT arising on the transaction.

OTHER OFFICESMontgomery House, 29-33 Montgomery Street, Belfast BT1 4NX.

Tel: +44 2890 501 501 Fax: +44-2890-501505. Email: property@lisney-belfast.com

1 South Mall, Cork. Tel: 021 427 5079. Fax: 021-427 2405

Email: cork@lisney.com

ST. STEPHEN’S GREEN OFFICESt. Stephen’s Green House,

Earlsfort Terrace, Dublin 2.

Tel: 01 638 2700 Fax: 01 638 2706

Email: dublin@lisney.com

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Tara House

George’s Quay