technology

Google Pays $353 Million for Dublin Office Campus

  • U.S. firm to purchase the campus and complete its development
  • Global tech firms are increasing their presence in Irish city

Alphabet Inc.’s Google unit is paying about 300 million euros ($353 million) for a campus that’s being built in central Dublin, according to a person with knowledge of the matter, joining other global technology firms expanding in the city.

Google agreed to buy the Bolands Quay development from a receiver appointed by Ireland’s National Asset Management Agency. The deal value includes the cost of completing the campus, said the person, who asked not to be identified because the information is private.

Bolands Quay

Source: Savills Ireland

The transaction was announced by Savills Plc in a statement Friday. The broker, along with Google and NAMA, declined to comment on the price.

Ireland’s location and favorable tax regime has encouraged tech companies like Google to set up their European base in Dublin, and some are now increasing their presence in the Irish capital. Facebook Inc. plans to lease an office campus in Dublin as it continues to expand, Bloomberg News reported in February.

When completed, Bolands Quay will comprise 28,000 square meters (300,000 square feet) of office space, 46 apartments, as well as cafes and cultural space, Savills said. Google plans to retain the office space and will rent out the remaining homes and retail space.

Google employs about 6,000 people in Ireland, including permanent staff and contractors.

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