STRATEGY
Improve building standards through refurbishments works to external and common areas. This also to supports the rent review process for multiple tenancies.
Improvements of Saint John’s House image through branding, online and offline marketing and presentation efforts.
Strip out and modernisation of relatively small vacant floor areas, c.15,000sf in order to attract new tenants.
Rely and contribution to Tallaght’s re-emergence as a desirable location for companies to have a presence.
FACTSHEET
80,000
NSF
€8,000,000
PURCHASE PRICE
Capital Stack
Debt / Equity
Team
Blackbee
Finance Ireland
McCann Fitzgerald
Mathesons
21 Spaces
JCI
Location
Tallaght
Date Acquired
March 2019
Website
www.SaintJohnsHouseTallaght.com
PROJECT UPDATES
NOV 2019
Strip-out and Cat A refurb of vacant c.15,000sf complete.
DEC 2019
Noel Recruitment Ltd rent review agreed in line with financial projections.
Marketing campaign commences with Quinn Agnew & Knight Frank as joint agents.
Seetec rent review agreed above financial projections.
Updated Daft.ie Ads: Part 3rd Floor + Part 2nd Floor
JAN 2020
Reception upgrade commences.
FEB 2020
Reception upgrade complete.
MAR 2020
Entered late-stage negotiations for lease of part 3rd floor, 11,000sf space. Stalled due to COVID-19 impact. The entity has indicated that it will re-engage when normality returns
Heads of Terms have been issued to another tenant, proceeding irrespective of COVID 19. SJH one of 2 remaining options.
Common areas refreshed, with light reception refurbishment and repainting of common areas.
Immediate COVID 19 impact | SIGNIFICANT
Majority of tenants are engaged in activities not impacted by COVID - 19 (OPW, State-sponsored etc...) so there should be no material impact on rental receipts.
Stalling of late-stage negotiation on the vacant unit mentioned above.
Building banners, designed but cannot be printed or placed. This will reduce our ability to market the vacant space in the building
![C19.7419_SJH_Exterior_Porch_Banners_Mockup_v1[2].jpg](https://images.squarespace-cdn.com/content/v1/5d024614eb73800001b470ea/1585833557449-LV1XA065MQOIM7DHGTQX/C19.7419_SJH_Exterior_Porch_Banners_Mockup_v1%5B2%5D.jpg)
![SJH_Short_Banner_Mockup_v3[2][2][1].jpg](https://images.squarespace-cdn.com/content/v1/5d024614eb73800001b470ea/1585833560453-EXMTRGP65AMKUQYAAAIJ/SJH_Short_Banner_Mockup_v3%5B2%5D%5B2%5D%5B1%5D.jpg)
APR / MAY 2020
Updated marketing images & video tour.