Google strikes deal for new Sandyford offices
Tech giant secures space for 750 additional workers at Central Park scheme
CGI view of Central Park in Leopardstown, where Google has secured new office space
The company’s move to secure accommodation at the newly-developed Block I gives it the capacity to increase its existing 8,000-strong Dublin-based workforce by up to 750 employees.
It is understood Google has agreed a rent of around €30 per sq ft on a lease of 10 years with a break option in the fifth year for six of the eight floors at the property.
Spokespersons for both Google and Central Park’s developer and current owner, Green Reit, declined to comment on the deal.
Ownership of Block I and the wider Central Park office complex will shortly pass to UK-headquartered property company, Henderson Park, as part of its overall acquisition for €1.34 billion of Green Reit.
Google’s decision to locate at Central Park will be seen as yet another fillip for the Sandyford Business District, as it seeks to compete with Dublin’s central business district and docklands for major occupiers.
Google already employs several hundred workers in Sandyford, having agreed to lease 4,830sq m (52,000sq ft) at the Chase Building from US real estate firm Kennedy Wilson and four floors at the Blackthorn Building from Irish Life.
The tech giant’s main operations here continue to be run from its European headquarters on Barrow Street and the nearby Montevetro building in the Dublin docklands however. Google’s employees are also based at the (8,965sq m/96,500sq ft) Grand Mill Quay building, the (4,738sq m/51,000sq ft) Velasco building on Grand Canal Street, and over several floors at businessman Denis O’Brien’s offices at One Grand Canal Quay. The company also has offices in Block L at Freeman House in Eastpoint Business Park.
Google’s biggest investment in the Dublin office market came last year, with a €300 million deal to acquire the entire Bolands Quay scheme. Upon completion, the development will comprise 36,851sq m (396,660sq ft) of office, residential, retail and cultural space, and be capable of accommodating up to 2,500 workers.