Face­book to be­gin work on its new HQ

Belfast Telegraph - Business Telegraph - - News - BY RON­ALD QUIN­LAN

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.

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