UTV's new station to broadcast from Docklands centre
UTV Ireland will broadcast from Dublin's docklands when it's up and running in January, bringing 80 new staff to the location.
The company has signed a contract with Brehon Capital Partners to secure the ground floor of Macken House in Dublin 1.
It is an indication of the demand for quality offices in Dublin city, according to Brehon. The premises will be converted into the channel's broadcast centre.
Parent company UTV Media already has a presence in the building through FM104, Q102, UTV Radio Solutions and UTV Sales.
"Macken House has been a great success for UTV since we first moved into the building five years ago," said John McCann, UTV Media's group chief executive.
"I am delighted that we have secured the ground floor, which enables us to keep all of UTV's Dublin-based broadcasting teams under one roof."
He added: "We have seen how beneficial this location is, in terms of surrounding amenities and transport links. The building will now be our group Irish headquarters, with more than 200 staff located at the premises."
The company is also looking to open regional news bureaus in Cork, Galway and Limerick.
UTV Ireland's broadcast centre will have two studios, edit suites, corporate offices and news, administration, finance and sales areas.
More than 80 UTV Ireland personnel, working across programming, news, sales, operations and corporate functions, will be based there.
"The expansion represents a multimillion-euro investment in the technical build and we expect to be fully operational, in our new facility in the coming months," said UTV Ireland managing director Michael Wilson.
Macken House is being let by Brehon Capital Partners, which acquired it with PIMCO as part of NAMA's Ulysses portfolio.
"We have now leased close to 50pc of the space that was vacant in the Ulysses portfolio when we acquired it in December 2013, which is an indication of the continued demand for high-quality commercial space in Dublin's city centre and docklands," Pauline Brady, asset manager for Brehon Capital Partners, said.
UTV Ireland is aiming to supplant TV3 as the number two broadcaster in the Republic. Mr Wilson said they will commission "contemporary, relevant and entertaining programmes".