LinkedIn is creating a major European headquarter campus in Dublin city centre, which will grow its current 1200-strong workforce by more than 4,000 employees.
The professional networking platform has agreed to pre-let 430,000 sq. ft. of office space being developed by Irish property company Iput at its Wilton Park scheme.
LinkedIn has agreed a 25-year lease with a term certain of 12 years on Iput’s Two, Three and Four Wilton Park.
Construction of the three blocks will begin this year and is targeted to finish in 2023. LinkedIn already fully pre-let One Wilton Park in 2018. The development of the 150,000 sq. ft. is currently under way and is due for completion towards the end of 2020.
Iput’s chief executive Niall Gaffney said: “We are proud to partner with LinkedIn, a global technology brand that shares our ambition to sustainably develop a new destination in Dublin’s central business district. This major development will be a key driver of long-term returns for our shareholders. We are committing €350m to the development of the Wilton Park estate which, on completion, will have a value of over €750m.”
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LinkedIn first came to Ireland back in 2010, beginning with just three staff members. Its Europe, Middle East and Africa (EMEA) HQ opened in Dublin in September 2017, and were the first headquarters that LinkedIn built outside the USA, as a result of an €85m investment.
Dublin city is becoming an increasingly hefty hub for US tech giants overall. Facebook is set to occupy a 700,000 sq. ft. campus now being built on the site of AIB’s former Bankcentre headquarters in Ballsbridge, Dublin 4. Google’s new 396,660 sq. ft. office complex at Boland’s Quay will bring its overall footprint to 1m sq. ft. of office space on Barrow Street and in the area surrounding Grand Canal Quay. Amazon also recently signed a lease on a new Dublin-based office as part of its current hiring round of 1,000 staff.
Source: The Irish Times
