Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Cushman & Wakefield launch €395m Facebook International HQ to the Market

Kevin Donohue • 07/09/2021

The eagerly anticipated investment sale of a substantial part of Facebook’s International Headquarters, has been formally announced with a guide price in excess of €395m.

Cushman & Wakefield have been retained as sole agents to sell the 31,536 sq.m (339,456 sq.ft) Dublin based office investment. Forming an intrinsic part of the larger c. 83,612.7 sq.m (900,000 sq.ft) Facebook campus, the sale comprises four prime Grade A office blocks situated in the CBD area of Ballsbridge, an area regarded as Dublin’s most affluent and prestigious office location and forming part of city’s world renowned technological hub.

The four blocks are fully let to Facebook and offer a Weighted Average Unexpired Lease Term of over 15 years. The leases are held on full repairing and insuring terms and benefit from five yearly upward only open market rent reviews, the next of which is due in October 2022. The current passing rent is understood to break back to approximately €538.20 per sq.m  (€50 per sq.ft), well below recent lettings in the area which have been achieving in excess of €645.83 per sq.m (€60 per sq.ft), suggesting strong reversionary potential for an incoming purchaser.

Facebook is understood to have committed significant capital sums in order to create a world class campus that will exclusively house their International headquarters and will eventually be home to over 7,000 employees. The subject properties have recently undergone an extensive refurbishment programme to bring them up to LEED Gold standard. Facebook pride themselves on designing, building and operating some of the most sustainable workplaces in the world with the Dublin campus expected to be WELL Platinum certified.

Founded in 2004, Facebook has grown to become one of the largest and most profitable companies in the world. In July of this year it became one of only six companies to breach the trillion-dollar market capitalisation level. It maintains a robust balance sheet, reporting total assets of over $170bn including cash and market securities of over $64bn as of the 30th June 2021.

Buoyed on by robust investor demand for Dublin office investments and the exceptionally strong investment fundamentals of the asset, Cushman & Wakefield are expecting strong interest from a global audience. With a net initial yield of over 4% and the real potential to increase this next year at rent review, the asset offers exceptionally good returns relative to some of its European peers and given the fact that Irish 10-year Government bonds are currently trading in negative territory.


office fit out cost guide 2023
The Race For The Best Office Space: Fit Out Costs Across Europe Rise 9%

 The UK and Germany top the list of most expensive regions to fit out an office with costs expected to remain high in the near term before falling in 2024.


Futures of Cities
Future of Cities: Future of Living Event

Join us for a virtual event on Tuesday, 17 May between 8:30- 10:00hrs (GMT+1) to find out what our experts views are on the future of living in cities such as Dublin. 


Office Investment Q1 2020 Report
Surge in reserved space, as office occupier market continues to see improved activity

Latest research from Cushman & Wakefield reveals an interesting quarter for the Dublin office market. Take up in Q2 2021, as expected, continued to struggle with just 19,150 sq m occupied. However, outside of take up, the story of improved demand is best reflected in reserved figures once again, along with a rise in requirements and viewings.


Glencar House, Ballsbridge
First major office scheme of 2021 goes on site

This week sees the unveiling of the first major office development to go live on-site in 2021.

Aisling Tannam • 24/03/2021

Future of office space (image)
Office Workers Struggle to Stay Connected and Learn

Latest study from Cushman & Wakefield and George Washington University forms part of wider series on the post-pandemic office.

Aidan Gavin • 30/10/2020

750 x 456 Ireland MarketBeat Offices
750 x 456 Ireland MarketBeat Offices
Office Investment Q1 2020 Report
Office Investment Q1 2020 Report
Ireland Largest Single Office Transaction

Mapletree Investments Pte Ltd “Mapletree” have exchanged contracts on The Sorting Office, an eight-storey office building comprising approximately 210,000 square feet of net internal area. Mapletree were represented by Cushman & Wakefield Ireland and the vendor is Marlet Property Group, an Irish property developer.



Insights • Economy

Recession or boom – Which is it for the Irish economy?

Let’s dig into some of the more important recent releases and what they mean for Ireland’s near-term economic outlook.
Tom McCabe • 07/12/2023
Dublin MarketBeat Q3 2023

Dublin MarketBeat Reports

Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
Tom McCabe • 26/10/2023
Investment Marketbeat
MarketBeat • Investment / Capital Markets

Irish Investment MarketBeat

Access the latest quarter commercial real estate results for Ireland's Investment sector. Marketbeat analyzes quarterly market activity including supply, demand and pricing trends.
Tom McCabe • 19/10/2023


We’re on hand to help. Get in touch and we can help with any additional information you need.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All