Google gives up office in Dublin for 2,000 workers
The company had been in talks to rent some 18,766 square meters of space near the southern docks of the Irish capital.
Google dropped a plan to rent a space in Dublin for about 2,000 workers, neglecting one of the city's biggest real estate deals in recent years.
Google had been in talks to rent some 18,766 square meters of space near the southern docks of the Irish capital, adding to its variety of sites in the city.
"After much deliberation, Google has decided not to proceed," a company spokeswoman said in an email response to questions from Bloomberg. The company did not say why it decided not to go ahead with the deal.
Google is a major player on the Dublin real estate scene, employing thousands of workers. While the company plans to continue investing in its Irish operations, the decision not to proceed with the new lease will be carefully reviewed as investors weigh the impact of the coronavirus outbreak in the city.
Companies like Twitter, Google and Facebook helped revive the country after the nation's real estate collapse, while money came in from abroad to help build offices and apartments. However, in the second quarter, companies rented 9,885 square meters in Dublin, the lowest on record, according to CBRE Inc.
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