Airbnb lease 40,000 sq. ft. in Dublin's Reflector building
Park Developments’ landmark office building almost at full occupancy
Dublin, Ireland, Saturday 26 January 2019: Airbnb are the latest international firm to take office space at the iconic Reflector building in Dublin’s Grand Canal Dock. The online hospitality services firm is to lease over 40,000 sq. ft. and will join web designers Wix and other international occupiers in the new office development, which is now nearly 90% occupied with circa 22,000 sq. ft. remaining over two floors.
Extending to 123,000 sq ft, The Reflector is the latest addition to the emerging office footprint in Dublin’s South Docks having completed in November 2018. The success of the recent lettings is testament to the overall appeal of the landmark office building with full height glazing overlooking the renowned Grand Canal Dock.
The six-storey office building – which can accommodate more than 1,000 employees – was strategically designed to provide minimal internal columns and two separate receptions, which has proven to be a major attraction among occupiers seeking ultimate flexibility and efficiency. The development will also incorporate 40 exclusive 1-3-bedroom luxury apartments and a single 3,500 sq. ft. retail/restaurant space.
The recent lettings vary between €55.50-62.50 per sq. ft. and letting agent Savills is seeking a rent of €60 per sq. ft. for the remaining space. With waterfront views and full height glazing providing excellent natural light, the floor plates are widely regarded as being of most appeal in their respective size category anywhere in the Dublin market at this present time.
The property advisor said it expects continued demand from the technology, legal and financial services sectors given the popularity of Dublin’s south docks and the relatively small amount of space available.
Commenting on the recent lettings, Sean O’Neill, Managing Director, Park Developments comments:
“The Reflector is a quality office building that offers something unique in terms of its location, layout, design and flexibility. We’re delighted to welcome Airbnb being such a strong global brand as the latest tenant to sign-up and we look forward to announcing full occupancy in the near future.”
Grand Canal Dock is a thriving business district in central Dublin and houses a broad range of national and multi-national companies, including, Accenture, Facebook, Google, Twitter and LinkedIn and has recently welcomed JP Morgan and Indeed Recruitment to the area. Due to its popularity, this is a cosmopolitan area with an eclectic mix of excellent amenities, from theatres, hotels, cafes, restaurants, shops and outdoor water sport activities on the Dock.