KFIM and Korean investors acquire Dublin's €100m future Facebook HQ

KFIM Beckett Building

Knight Frank Investment Management have teamed up with a Korean investment manager to acquire The Beckett Building in Dublin for in excess of €100m (£87.6m).

The 190,000 sq ft Beckett Building, located on East Road just north of the Dublin Landings development, will be home to Facebook when it moves 800 additional staff in over the next 6 months. Facebook currently employs 1,600 people in its Grand Canal Square premises, but expects to fill that over the next 12 months.

Then then-vacant office building in the north Dublin docklands was bought by the Comer Group in 2013 for €5m before being fitted out and sold on to the South Korean-based Kookman Bank as a long-term investment on the back of the Facebook letting.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now