With the leading Irish-based multinational company, Accenture signing a ten-year lease to occupy the 36,500 sq ft first floor in Building 10 at The Campus, the south Dublin market has notched up the 2nd most important deal of 2021 in nearby Cherrywood. The agreement gives Accenture office space to accommodate an extra 300 workers and brings the company’s overall footprint in Cherrywood to nearly 80,000sq ft.
The deal follows the recent Accenture announcement to increase their workforce by recruiting over 500 people in the life sciences sector over the next 3 years. Since acquiring the buildings at the Campus in late 2017, the scheme’s owners, Spear Street Capital, have heavily invested in place-making to make it an effective complement to the broader Cherrywood development being delivered by real estate firm Hines.
Spear Street, apart from carrying out comprehensive improvement works to the Campus’s existing buildings, also oversaw the construction of two new blocks called F1, which is fully let to Elavon, and F2, where 80,000 sq ft is available to lease. MOLA Architecture was also brought on board to reconfigure the scheme’s lakeside area for the use of visitors and occupiers and to redefine the space to include a new sunken garden
Outside of its proven popularity with leading corporates, including Elavon and Accenture, the Campus has proven itself to be attractive to international investors. In September, Spear Street secured €27.7 million from the sale of Block 12 at the scheme to the leading French asset management company, Corum.
Accenture’s securing of office space indicates that the Dublin headquartered company is rigid in expanding its workforce. The South Dublin area will allow Accenture to create office space for nearly 300 workers. The surrounding new town of Cherrywood will also comprise over 7,700 new homes upon completion, alongside shops, parks, offices, and schools.