While the Covid-19 pandemic continues to fuel commentary in relation to the future of the office, the reports of its much-anticipated demise don’t appear to have made it as far as Cork.
Having commenced the construction in October 2018 of its largest city centre office project at Penrose Dock without any pre-lets, developer John Cleary’s JCD Group, has reached a major milestone with over 75 per cent of the 250,000sq ft scheme now leased. Penrose Dock opened its doors earlier this month with the first four occupiers moving in: Grant Thornton; Sophos; Remitly and Minelab.
October meanwhile will see three large publicly-traded US tech companies completing their office fitouts in the following order: Qualcomm, the scheme’s single largest occupier, Cloudera and Varonis. Another large US tech company, expected to be announced in the coming weeks, is taking two floors in Penrose One while one of Ireland’s leading law firms, Matheson,
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