Johnny Ronan and Salesforce on brink of major deal in Docklands


Developer Johnny Ronan, head of Ronan Group Real Estate, is in exclusive talks with global tech giant Salesforce to occupy the entirety of the offices at Spencer Place, situated next to the Central Bank’s headquarters on North Wall Quay in Dublin
Developer Johnny Ronan, head of Ronan Group Real Estate, is in exclusive talks with global tech giant Salesforce to occupy the entirety of the offices at Spencer Place, situated next to the Central Bank’s headquarters on North Wall Quay in Dublin
Johnny Ronan

tech giant Salesforce is in exclusive talks to lease offices in Dublin’s Docklands with space for as many as 5,000 staff.

The global firm has entered into exclusive talks with developer Johnny Ronan to rent all 500,000 sq ft (46,184 sq m) of the office space Ronan Group Real Estate (RGRE) is developing at Spencer Dock, the Irish Independent can reveal.

It is understood the US-headquartered company considered a number of potential locations in the Dublin Docklands, including Ballymore’s Dublin Landings scheme and the Exo Building at the Point Village before deciding on Spencer Place.

While the 965 employees at Salesforce’s EMEA headquarters are currently divided between offices at the Atrium Building and One Central Park in the Sandyford Business District (SBD) in south Dublin, the company’s future move to the Docklands will give it significant scope to expand its Irish workforce.

The offices at Spencer Place will have the capacity to accommodate between 4,000 and 5,000 personnel.

Salesforce’s new EMEA headquarters are set to be developed as part of a wider mixed-use scheme which will extend to 717,000 sq ft (66,599 sq m).

Apart from providing Salesforce with 500,000 sq ft of LEED platinum-rated offices, Spencer Place will include three storeys of internal landscaped garden and breakout areas, 1,000 bike spaces, a 10,000 sq ft gym, two hotels and premium retail space, bars and restaurants.

RGRE’s delivery of Spencer Place represents the culmination of the original Spencer Dock masterplan which saw the development of around two million square feet of commercial and residential space including the Convention Centre Dublin, the Dublin headquarters of PwC, Credit Suisse International’s offices at Kilmore House and 620 apartments at Spencer Dock.

While Spencer Place is vast in terms of its physical scale, it accounts for just over half of the six acres RGRE currently controls at Spencer Dock.

News of Mr Ronan’s negotiations with Salesforce represents just the latest in a series of major moves in the Docklands.

Earlier this week, the Irish Independent reported that the OPW is in discussions with Ballymore in relation to the potential relocation of several hundred personnel from the Revenue Commissioners to the developer’s hugely-successful Dublin Landings scheme.

The Revenue’s interest in taking space at Dublin Landings followed on from a report on the expected sale of No 2 Dublin Landings to a South Korean institutional investor for around €105m – or some €6m above the €98.8m guide price it carried when it was brought to the market last May. The Asian fund is understood to have fended off rival bids from at least four other parties: one Korean and three European. Located next to Spencer Place and the new headquarters of the Central Bank of Ireland at North Wall Quay, the overall Dublin Landings development will extend to 1,001,043 sq ft (93,000 sq m).

All told, the scheme will comprise five blocks, 298 apartments, restaurants, bars, retail, and landscaped gardens.

Around 6,000 people are expected to work and live at Dublin Landings once it is finished.

In another significant development for the Dublin Docklands, US-headquartered real estate firm Kennedy Wilson is, as the Irish Independent revealed last Saturday, set to acquire City Block 3 (CB3), a 5.91 acre site to the rear of the Central Bank’s new headquarters at North Wall Quay. Located to the rear of the Central Bank and Dublin Landings, the site is recognised as one of the last remaining prime development sites in the Docklands and its strategic development zone (SDZ).

CB3 comes with full planning permission for 347 residential units on 1.44 hectares (3.55 acres), and a pending planning application for an office-led mixed-use scheme of 30,890 sq m (332,497 sq ft) distributed across a 0.95 hectare (2.35 acre) site.

Irish Independent

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