Home > Property > WeWork to pre-lease entire office space at One Central Plaza

WeWork to pre-lease entire office space at One Central Plaza

Written by Robert McHugh, on 19th Jun 2018. Posted in Property

article headline

Hines, the international real estate firm, and Peterson Group announced this week that global community company and shared space provider, WeWork, will be One Central Plaza’s new anchor tenant.

The announcement comes just one week after the decision to approve planning permission by An Bord Pleanála for the redevelopment of the former Central Bank building on Dame Street.
 
WeWork has leased space available across eight floors at One Central Plaza. Its occupation is expected to take place in the fourth quarter of 2019. The re-developed office space will be spread over eight floors, featuring open plan and breakout meeting spaces.
 
The office’s six-metre-high wraparound entrance lobby will be accessible via a granite staircase rising from the exterior plaza in two flights to a 15-metre-wide glazed façade with double-height revolving doors. It will include retail, restaurants and cafés at street and basement level.

The existing plaza will also be expanded with the aim of creating a dynamic new streetscape towards College Green and along Fownes Street and Cope Street, creating a link between the key retail and tourist destinations of Grafton Street, College Green, and Temple Bar. 
 
Hines say Central Plaza is part of an overall masterplan that includes adjoining properties 6-8 College Green, No. 9 College Green, and 2 Central Plaza comprising the former Annex and Commercial buildings on Dame Street.
 
Speaking this week, Senior Managing Director of Hines, Brian Moran said, "We are delighted that WeWork has opted for the iconic location of Central Plaza. With planning permission just granted for this flagship Dublin development, and leasing of the building’s office component now almost fully complete, this is yet another very positive step for this unique project. Central Plaza will accommodate over 1,300 professional workers and create over 300 new full and part-time retail and hospitality jobs across the five existing buildings that make up the Central Plaza development."
 
WeWork's EVP Real Estate, Patrick Nelson added, "Expanding our Dublin portfolio with a location like Central Plaza really proves our commitment and dedication to this city. We recently opened our first location, which has been an incredible success, and we’ve seen interest from a mix of both start-ups and large corporate companies taking space with us."

Source: www.businessworld.ie

More articles from Property

image Description

Office sector remains a dominant feature of the Irish investment market

Read more
image Description

2006 Ryder Cup Resort on the Market for 80m

Read more
image Description

Strong office sector activity boosts Irish property investment market

Read more
image Description

Residential construction up 55% on June 2017 levels

Read more
image Description

25% would support greater rent controls to solve housing crisis

Read more