Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From May 29, 2020

Amazon in Talks for New Dublin Office Even as Virus Hits

(Bloomberg) -- Amazon.com Inc. is in talks to rent an office block in Dublin with space for about 750 workers, according to a person familiar with the matter.

The online retail giant is in negotiations to lease the 2 Burlington Plaza office block in central Dublin, said the person who asked not to be identified as the information is private. The 75,000 square foot (6,967 square meters) building is currently occupied by Bank of Ireland Group Plc.

Amazon does not comment on rumors or speculation, a company spokesman said by email.

Should Amazon go ahead with the deal, which is not yet certain, it may help assuage concerns about the impact of the coronovirus crisis on Dublin's real estate market, which is in part underpinned by U.S. firms. Demand for office space in the city fell 21% in the first quarter of the year compared to the last three months of 2019, according to CBRE Inc.

Twitter Inc. will allow employees to work from home permanently, while Facebook Inc. and Alphabet Inc.'s Google unit do not expect most staff to return to the office until 2021. All three have offices in Dublin.

Amazon employed about 2,500 people in Ireland at the end of 2018, according to the most recent accounts available for its Irish business, and said it would hire 1,000 more people in June 2018. The company already has offices nearby in the Burlington Plaza complex, and is in the process of setting up its first fulfillment center in Ireland on the outskirts of the city.

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search