Guild House, IFSC
The IFSC has come to be a symbol of Ireland’s unparalleled economic success in recent years. Guild House is one office building in this complex – a share of which Edward Holdings has retained in its investment portfolio.
Located on Guild Street in the heart of the IFSC and adjacent to the proposed national conference centre, the building is leased to diverse tenants such as FBD International, AIB/BNY Security Services, DZ Bank etc.
About
The International Financial Services Centre has come to be associated as the symbol of Ireland's unsurpassed economic performance in recent years.
The IFSC came into being as part of a government-backed plan at tackling dereliction and decay in Dublin's inner city. Through a series of public/private partnerships and appropriate incentives an 11-hectare area, adjacent to the city's eighteenth century Custom House, was developed from the late 1980s.
Running parallel to this development of the site at Custom House Docks was the government's desire to build on Ireland's financial and demographic infrastructure and establish Dublin as a significant international financial centre. To date this objective has been achieved and the Centre is now home to a diverse range of financial institutions and associated service and professional companies. The competence and stature of those companies attracted to the IFSC is ready testament to the success of the area's development.
However those bodies charged with the balanced development of the area were aware of the need to integrate residential and retail elements into the scheme. The entire area now encompasses almost 2m. sq.ft. of office space, two hotels, bars and restaurants, as well as a large residential element. This mixture ensures that the area has increased attractions for those working and living there.
Guild House is a significant building located at the heart of the International Financial Services Centre.
Its attachment to the portfolio of Edward Holdings Limited was seen at the time as a significant investment opportunity for the company. Furthermore the stature of Edward Holdings could only be enhanced by the high profile nature of a property in the IFSC.
In a joint-venture Edward Holdings acquire some 26% of Guild House, a modern property that has attracted several high-profile and good covenant tenants such as Deutsche Bank, ACE Insurance, AIB/BNY Fund Management, FBD International and FBD Managed Solutions, and Liberty International.