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.

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.

BER Certificate

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

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.