Facebook to begin work on its new HQ
DEVELOPER Johnny Ronan is expected to kick-start the development of Facebook’s new headquarters on the site of the AIB Bank Centre in Ballsbridge within weeks.
The commencement of works on the 30,900sqm (333,000sq ft) Fibonacci Square scheme by Ronan’s company RGRE will represent the first step in the delivery of a wider 65,000sqm (700,000sq ft) campus on the AIB site.
The remainder of the Dublin 4 site is divided into two sections, which are owned respectively by the Serpentine Consortium and a European syndicate assembled by Davy.
While Facebook’s move to Ballsbridge has been the subject of complex negotiations for over a year, it’s understood that heads of terms have now been agreed between the various parties.
Efforts to contact Facebook and RGRE for comment were unsuccessful. AIB has been preparing for the redevelopment of its Bank Centre headquarters for some time. The bank has already secured new corporate headquarters at No 10 Molesworth Street.