A total of 500 jobs are expected to be created during the redevelopment of ESB's site in Dublin.

The main contractor, PJ Hegarty, has cleared the site on Fitzwilliam Lower Street, and excavations have started on basement construction.

The new large Grade A office development will include over 26,000 square metres of net lettable floor area in two office blocks.

Construction work is expected to be completed by 2020.

ESB will occupy one block for its new Head Office, 'Fitzwilliam 27', which will be approximately 13,500sq m and will house over 1300 staff. The adjacent block, 'Fitzwilliam 28', of approximately 12,500 sq m of prime Grade A sustainable space is to be offered to the market. Property Advisors, Savills and Bannon, have been appointed to secure a suitable tenant or tenants.

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Roland O'Connell, Chairman, Savills Ireland, and Lucy Connolly of Bannon commented: "There is simply no similar office development of this scale and flexibility available in the heart of the Georgian core and traditional CBD, close to all amenities and facilities, and certainly not with the sense of place and historic relevance this scheme exudes. With the understandable development constraints inherent in this area of architectural beauty and heritage it is unlikely we will see another new office scheme of this scale developed in this location again."

(CD/MH)