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MICROSOFT CLOSES IN ON DEAL FOR NEW DUBLIN DOCKLANDS OFFICES


Microsoft is set to expand its Irish operations further with a planned move into new offices in the Dublin docklands.

The US-headquartered software giant is understood to be closing in on an agreement to rent up to 47,000sq ft of space at No 3 Dublin Landings from Irish property company, Iput.

The proposed deal will give Microsoft the capacity to grow its existing 1,800-strong Irish-based workforce by an additional 400 workers.

While the news of Microsoft’s expansion will be widely welcomed, coming as it does in the midst of the Covid-19 economic shock, the company’s intention to locate in No 3 Dublin Landings represents a particular coup for the building’s owners.

Having acquired the property last January from its developers, Ballymore and Oxley, for €115 million, Iput offered it to the letting market through joint agents Knight Frank and CBRE just two days before Taoiseach Leo Varadkar announced the Government’s introduction of the current Covid-19 restrictions.

Microsoft will occupy offices comprising up to 47,000sq ft of space on the lower ground, ground and first floors at No 3 Dublin Landings, leaving a further 72,000sq ft available across the five remaining floors to other prospective tenants.

Located immediately next to the respective headquarters of the Central Bank and the National Treasury Management Agency on the Dublin Landings campus, No 3 is a grade A headquarter office building.

The property has a BER A3 rating and is on target to achieve LEED Platinum certification, which is line with Iput’s sustainable investment strategy. During 2019, it was the first Irish property company to sign the UN principles for responsible investment.

Denise Maguire   Editor of Irish Construction Industry Magazine

Email: denise@mcdmedia.ie

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