Google has abandoned an earlier plan to lease offices in Dublin to provide office space for about 2,000 employees in one of the city’s biggest real estate deals in recent years. Google has been in talks with property owners to lease a space of about 18,766 square metres in Sorting Office, near the Irish capital’s South Wharf.
“After careful consideration, Google has decided not to proceed with the program,” a Google spokesman said in an email. Google did not specify why it abandoned the office lease.
Google is a big renter in Dublin, which employs thousands of people in the city, and at Silicon Docks in Dublin, Google rents several offices. While Google plans to continue to invest in its Irish operations, the company’s decision to abandon its rental office is being closely watched as investors assess the impact of the new coronavirus outbreak on the city.
Companies including Twitter, Google and Facebook have helped revive Ireland’s property sector in the after-election, with a flood of overseas money pouring into the country to build offices and apartments. In the second quarter of this year, companies leased 9,885 square metres of office space in Dublin, according to CBRE.