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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 9:27 am 
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Facebook plans to almost double its workforce in Dublin after confirming it has signed a deal for an additional office building in the city.
The move means that almost 10,000 of Dublin city's industrial jobs will soon be provided by two companies - Facebook and Google.
It could also spark a new property boom in Dublin's East Wall area, where the tech giant's new facility will be located.

Facebook's Irish boss, Gareth Lambe, says its new property in Dublin's north docklands has space for 800 additional staff.
Facebook currently employs 1,600 people in its Grand Canal Square premises, but expects to fill that over the next 12 months.

"In our existing building, we have the capacity for 2,000 people.
"But we have now reached over 1,600 and we're growing so fast that it's filling up, so we've taken space for another 800 desks in a new building in East Wall with growth over the next few years in mind," he said.

Mr Lambe, who also runs sales forecasting and other strategic functions for Facebook across Europe, Africa and parts of Asia, added: "Over the next number of years, if the business and platform continue to grow, we expect to continue to grow pretty substantially in Ireland.
"It's by far our largest footprint of any country in the world outside our Silicon Valley headquarters."

Mr Lambe said the Dublin operation's success is the reason for extra investment from Facebook. "The business is growing pretty dramatically. Our last earnings showed growth of over 50pc year on year," he said.
"When you're growing users and business as fast as that, we [in Ireland] need to scale up. We've been very successful here in Ireland at delivering results for Facebook. So we continue to get investment."
Irish Independent


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 12:08 pm 
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Interesting - I had heard Facebook were thinking of Sandyford. That will be a big relief to the employees that I know - they weren't keen on Sandyford at all. Lets home that somebody builds some houses for the new workers. Plenty of redundant land in the city - perhaps if the private sector won't build the state could compulsoraly purchase the land and get the houses built?


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 3:01 pm 
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metalmike wrote:
Interesting - I had heard Facebook were thinking of Sandyford. That will be a big relief to the employees that I know - they weren't keen on Sandyford at all. Lets home that somebody builds some houses for the new workers. Plenty of redundant land in the city - perhaps if the private sector won't build the state could compulsoraly purchase the land and get the houses built?

+1

The Irish state who is known worldwide for being a sleek and efficient operator should be deliver 2-3 bed homes in the city centre for a little over €1m each ;)

Who needs CPOs when the state already owns the majority of under-utilised land in the city.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 3:31 pm 
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Any notion what all these staff are doing for Facebook?

Is it high end engineering roles or something different?


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 7:21 pm 
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Stapler wrote:
Any notion what all these staff are doing for Facebook?

Is it high end engineering roles or something different?

It's usually multilingual sales and customer service with most staff imported and on contract. A small amount of R&D so you can attribute IP licensing to the Irish company. That's the standard tax avoidance formula anyway.

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Thu Mar 16, 2017 9:25 pm 
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the employees wont need accomodation, they'll be living in the premesis 24 hours a day

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 8:04 am 
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Dublin will not be a serious destination for the very high-paying end of industries like tech or finance.

Marginal and average tax rates are very high at that level.

Other non-wage factors probably play a bigger part. There is a very illiquid market for unfurnished rentals and very little security of tenure. There is no proper international school, no private maternity hospital and public transport is poor quality.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 10:18 am 
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Neo Landlord

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Luan wrote:
metalmike wrote:
Interesting - I had heard Facebook were thinking of Sandyford. That will be a big relief to the employees that I know - they weren't keen on Sandyford at all. Lets home that somebody builds some houses for the new workers. Plenty of redundant land in the city - perhaps if the private sector won't build the state could compulsoraly purchase the land and get the houses built?

+1

The Irish state who is known worldwide for being a sleek and efficient operator should be deliver 2-3 bed homes in the city centre for a little over €1m each ;)


Keep awaiting on the Irish private sector to provide good quality affordable accommodation so :D

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 11:38 am 
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Skippy 3 wrote:
Dublin will not be a serious destination for the very high-paying end of industries like tech or finance.

Marginal and average tax rates are very high at that level.

Other non-wage factors probably play a bigger part. There is a very illiquid market for unfurnished rentals and very little security of tenure. There is no proper international school, no private maternity hospital and public transport is poor quality.


There is a proper international school that offers the IB, American Studies and everything. You just can't get into it because everyone wants to :-)

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 12:35 pm 
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Here's how your socially liberal, uber-cool, uber-tolerant, tech companies operate: cleanse the slums.
given the origin of the companies, its all in-line with the background ideology

from Sept 2016:
https://www.theguardian.com/technology/ ... properties

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 12:37 pm 
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Actually it's the landlords doing that. It's simple supply and demand.

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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Mar 17, 2017 2:10 pm 
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Mantissa wrote:

There is a proper international school that offers the IB, American Studies and everything. You just can't get into it because everyone wants to :-)


I did not know that.

With google as my guide, all I could find that St Andrew's in Booterstown offers it. But it's still a regular Irish secondary school where most kids do the Leaving Cert, etc.

I had seen the issue come up in the context of attracting financial firms post-Brexit: http://www.irishtimes.com/business/financial-services/dublin-to-get-international-school-to-attract-bankers-from-uk-1.2833223


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Fri Apr 07, 2017 12:37 pm 
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Extract from recent article in Irish Independent

Facebook is closing in on a new, additional Dublin building with up to 1,000 new staff.
What's the biggest reaction? Is it 'oh great'? Or 'wow'? Or even 'how can we capitalise on this'?

No. It's 'now hold on there, where will people live?'
This is as understandable as it is depressing. In a week when official figures showed the lowest unemployment rate Ireland has had in nearly a decade, we're heading full tilt into another infrastructural crisis.

There aren't enough houses, transport is creaking and we have no real resolve to fundamentally restructure either problem.
We just can't be bothered.

Take accommodation. We don't have nearly enough housing or office space in Dublin. And we won't allow big high-rise developments around the city.
As a result, rents are soaring to unheard-of levels. Forget about renting a modern two-bedroom apartment anywhere in the city for under €15,000 a year.

And, with Google and Facebook adding jobs, get ready for new price hikes in swathes of adjacent north city neighbourhoods, especially Fairview, Marino and East Wall.
Of course, that's before any potential Brexit jobs-relocation dividend from London.


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Mon May 01, 2017 9:01 am 
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The changing face of Dublin's docklands is changing yet again following the recent submission by Johnny Ronan's Ronan Group Real Estate (RGRE) of a planning application for its proposed Spencer Place scheme at Spencer Dock.
RGRE is seeking permission for the development of 66,599 sq m (717,000 sq ft) of space, which upon completion will include a 212-bed hotel, restaurant and retail units and 46,184 sq m (500,000sq ft) of LEED platinum-rated office accommodation.
The new application represents a significant revision of the planning permission which had been obtained by the site's receivers prior to Ronan's acquisition of it last year for a reported €43m. The existing permission allows for 31,580 sq m (340,000 sq ft) of offices and a 169-room hotel.

Commenting on RGRE's new planning application for the scheme, the company's development director, Shane Whelan, said: "It marks the culmination of months of positive engagement with Dublin City Council. The design has incorporated the best architectural elements from around Europe and will deliver a 211-bed hotel to compliment the 500,000 sq ft of best-in-class office accommodation.
"Spencer Place will see the completion of the original Spencer Dock masterplan which successfully delivered 2,000,000 sq ft, including the National Convention Centre Dublin, PwC, Credit Suisse buildings and 620 state-of-the-art apartment units."

Whelan said each of the proposed buildings at the Spencer Place development will have an "individual identity and be constructed to a high-quality of architectural detailing and finish".
Spencer Place will achieve an LEED platinum rating and will include a seven-storey glazed atrium wider than Grafton Street, three storeys of internal landscaped garden and breakout areas, 1,000 bike spaces, a 10,000 sq ft gym, two hotels and best-in-class retail space, bars and restaurants.

The scheme, which accounts for just over half of Ronan's six-acre Spencer Dock site, is well-located with immediate access to two Luas Stations, Dublin Bikes and the Spencer Dock surface rail station. The development will also be within easy reach of Dublin's proposed 'Grand Central' station once the planned Dart underground is delivered with capacity for over 30 million passengers per year.
Spencer Place will also be accessible on foot from the south side of the River Liffey following the completion in two years' time of a new pedestrian bridge linking Spencer Dock with Grand Canal Dock.
Sunday Independent


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 Post subject: Re: North Docklands - On the Rise !
PostPosted: Mon May 01, 2017 10:58 am 
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I wonder where will they build another high density place.. Swords?

No rail, high traffic, far from CBD.. fits.

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