UMB Bank chooses Dublin as location for first European office US company agrees 10-year lease at €40 per sq ft at Newmount House in Dublin 2
Wed, Mar 17, 2021, 02:00
Ireland’s status as the world’s leading centre for aircraft leasing activity has been recognised once again, with leading aviation trust service provider, UMB Bank, choosing to locate its first European office in Dublin.
The company, a subsidiary of US-headquartered UMB Financial Corporation, has entered into an agreement with Davy Real Estate Group for 1,170sq ft (108 sq m) of space at Newmount House on Lower Mount Street, Dublin 2. UMB has taken a 10-year lease with a break option in year five and is set to pay a rent in the region of €40 per sq ft. Karl Lynch of Cushman & Wakefield advised UMB while David Rowe of Finnegan Menton advised the landlord.