By Richard Hook2018-05-25T19:02:00
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.
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