Social network Linkedin have confirmed that they have pre-let three office buildings as part of the new Wilton Park scheme in Dublin 2.
The professional, business orientated social network will be expanding their European headquarters in Dublin, the company having agreed a deal to pre-let three interconnecting office buildings at the new development.
Irish property company IPUT are behind the new development with construction on Two, Three and Four Wilton Park starting this year, with a targeted completion of 2023.
Linkedin are understood to have signed a 25-year lease for the buildings, with a term certain of 12 years. The tech company have already pre-let One Wilton Park, with development on this building already underway, scheduled to be completed by late 2020.
The new office blocks that will be rented by LinkedIn will have a combined floor area of about 450,000 sqft across six floors, as well as ground and lower ground floors.
In the new development, there is set to be a café, restaurant and retail facilities centred around a new public square. It is also adjacent to a one acre park, also owned by IPUT.
LinkedIn’s deal gives it the capacity to grow its 1,200 workforce in Dublin by more than 4,000.
In a statement, IPUT Chief Executive Niall Gaffney said: “We are proud to partner with LinkedIn, a global technology brand that shares our ambition to sustainably develop a new destination in Dublin’s central business district. This major development will be a key driver of long-term returns for our shareholders.
“We are committing €350 million to the development of the Wilton Park estate which, on completion, will have a value of over €750 million. Centred around a one-acre restored park, this landmark development is an opportunity to set new standards for place-making in Dublin.
“Incorporating a new public square and a carefully landscaped streetscape, we will create a new sustainable environment for both work and leisure, incorporating curated food halls and a variety of dining spaces.”