Savills News

Adesto Technologies complete Carrickmines lease

Adesto Technologies, a Silicon Valley based provider of semiconductors and embedded systems for the internet of things (IoT), has moved their Irish Headquarter to The Herbert Building in The Park, Carrickmines.

Adesto Technologies, a Silicon Valley based provider of semiconductors and embedded systems for the internet of things (IoT), has moved their Irish Headquarter to The Herbert Building in The Park, Carrickmines.

The Herbert Building, which was purchased by Cantor Park Commercial Property Fund in 2018, is a best in class office building located in The Park Carrickmines. It comprises 5 floors of high quality office accommodation and is home to international companies such as PTC, Getty Images, Bimeda and Park Developments. Requirements from 1,000 s.ft to 20,000 sq.ft can be accommodated in The Herbert and Hyde Buildings with quoting levels of €27 per sq.ft p.a.

The Park enjoys excellent connectivity with direct access to the M50 and Ballyogan Wood Luas Stop while it is also served by Dublin Bus route 63 and has excellent car parking availability. It also offers occupiers an unrivalled range of retail, food and beverage amenities on their doorstep including IKEA, Costa Coffee, Vanilla Pod and Brown Cow.

Simon Grier of Adesto commented:
“Adesto Technologies, a Silicon Valley based provider of semiconductors and embedded systems for the internet of things (IoT), acquired S3 Semiconductors in 2018. The search for the right office location then began, and now has brought the company to The Herbert Building in The Park, Carrickmines. In this modern and connected building on the doorstop of the M50 – and with the Luas line within walking distance – we are meeting all the requirements for our business and our employees. We at Adesto are excited to be moving in soon and growing our business in the picturesque foothills of the Dublin mountains.”

David O’Malley of Savills commented:
“There has been strong demand for office space in the south suburbs recently and Carrickmines has benefited from this largely due to the availability of high quality office space with access to best in class on-site amenities. Vacancy rates in D18 have continued to fall and are currently at 11.45% down from 13.2% this time a year ago. This follows total take-up for 2018 of 27,568 sq.m in D18.

The improving market conditions in D18 are consistent with the strong current interest in The Park. In addition to the Adesto Technologies letting, we have also agreed to lease a further 12,000 sq.ft within The Herbert Building and have good interest in the remaining space.”

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