WeWork To Pre-Lease Entire Office Space at One Central Plaza… - Hines

WeWork To Pre-Lease Entire Office Space at One Central Plaza for its Iconic New Dublin Location

Hines, the international real estate firm, and Peterson Group today announced that global community company and shared space provider, WeWork, will be One Central Plaza’s new anchor tenant. The announcement comes just one week after the decision to approve planning permission by An Bord Pleanála for the redevelopment of the former Central Bank building on Dame Street.

Marking today’s announcement, Brian Moran, Hines senior managing director of Hines, said, “We are delighted that WeWork has opted for the iconic location of Central Plaza. With planning permission just granted for this flagship Dublin development, and leasing of the building’s office component now almost fully complete, this is yet another very positive step for this unique project. Central Plaza will accommodate over 1,300 professional workers and create over 300 new full and part-time retail and hospitality jobs across the five existing buildings that make up the Central Plaza development.”

WeWork's EVP Real Estate, Patrick Nelson, said, “Expanding our Dublin portfolio with a location like Central Plaza really proves our commitment and dedication to this city. We recently opened our first location, which has been an incredible success, and we’ve seen interest from a mix of both start-ups and large corporate companies taking space with us. We look forward to welcoming new companies to this iconic location, adding to our already flourishing ecosystem of members, who will benefit from the nearby amenities, locality and transport.”

WeWork has leased space available across eight floors at One Central Plaza and is expected to move in Q4 of 2019. The re-developed office space will feature open plan and breakout meeting spaces, incorporating BER A3, and LED lighting, and creating an entirely modern environment and a desirable space in which to work. The project will also be LEED® Gold certified and Wired Score Platinum.

The office’s impressive six-meter-high wraparound entrance lobby will be accessible via a granite staircase rising from the exterior plaza in two flights to a stunning 15-meter-wide glazed façade with double-height revolving doors.

Central Plaza will include retail, restaurants and cafés at street and basement level. The existing plaza will also be expanded to create a dynamic new streetscape towards College Green and along Fownes Street and Cope Street, creating a link between the key retail and tourist destinations of Grafton Street, College Green, and Temple Bar.

Central Plaza is part of an overall masterplan that includes adjoining properties 6-8 College Green, No. 9 College Green, and 2 Central Plaza comprising the former Annex and Commercial buildings on Dame Street.

Jim O’Reilly of Knight Frank, who acted as the office agent, said, “Hines is undertaking a significant redevelopment at Central Plaza. Securing WeWork relatively early in the marketing process is a testament to the quality of the plan and the vision that Hines has had from day one. WeWork is an excellent addition to the development. They also join Amtrust, who recently pre-committed to 6/8 College Green.”

Hines

Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 201 cities in 24 countries. Hines has approximately $111 billion of assets under management, including $60 billion for which Hines provides fiduciary investment management services, and $51 billion for which Hines provides third-party property-level services. The firm has 108 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,295 properties, totalling over 422 million square feet. The firm’s current property and asset management portfolio includes 506 properties, representing over 210 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.

Since entering the market in 1991, Hines has built up its presence in Europe from one site in Berlin to offices in 48 cities in 11 European countries. In Europe, Hines currently manages properties in Denmark, France, Germany, Ireland, Italy, Norway, Spain and the United Kingdom, with an overall value of around 14 billion EUR.

Further information is available at www.hines.com and www.hinessustainability.com for more details about the sustainability program and the objectives of Hines.

WeWork

WeWork provides more than 250,000 members around the world with space, community, and services through both physical and virtual offerings. WeWork’s mission is to help create a world where people work to make a life, not just a living. Founded in New York City in 2010 by Adam Neumann and Miguel McKelvey, WeWork currently has more than 250 physical locations in over 74 cities and 22 countries around the world.

Peterson

Peterson Group is headquartered in Hong Kong with businesses in property and financial investments. Its global property arm focuses on investments in Hong Kong, Europe and Canada covering different asset classes and strategies. The group's capital arm conducts investments in alternative assets classes and capital market. Visit www.petersonhk.com for more information.

Contact Hines

Headquarters

Global Headquarters

2800 Post Oak Blvd.
Houston, TX 77056-6188
United States
1 713 621 8000
Contact Hines

European Headquarters

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

Regional Offices

U.S. East Region

345 Hudson Street
12th Floor
New York, NY 10014
United States
1 212 230 2300

U.S. Midwest Region

444 West Lake Street
Suite 2400
Chicago, IL 60606
United States
1 312 419 4900

U.S. Southeast Region

5 Ravinia Dr NE
Atlanta, GA 30346
United States
1 770 206 5300

U.S. Southwest Region

609 Main St.
Suite 2400
Houston, TX 77002
United States
1 713 237 5600

U.S. West Region

101 California Street
Suite 1000
San Francisco, CA 94111
United States
1 415 982 6200

Asia Pacific Region

1 Connaught Road, 28F
Central, Hong Kong

Eurasia Region

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

European Region

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900

International Offices

Australia

20 Hunter St
Level 10
Sydney, NSW 2000
Australia
61 2 9232 3137

Brazil

Av. das Nações Unidas, 12901
Torre Norte - 6 ° andar
São Paulo 04578-910
Brazil
55 11 5504 7600

Canada

200 King Street West
Suite 1805
Toronto, ON M5H 3T4
Canada
416 595 1949

China

Suite 333, Hyundai Motor Tower
38 Xiaoyun Road, Chaoyang District
Beijing, PRC 100027
China
8610 8453 8855

France

66 Avenue Charles de Gaulle
Neuilly-sur-Seine, IDF 92522
France
33 1 41 45 80 80

Germany

Hines Immobilien GmbH
Joachimsthaler Str. 1
D - 10623 Berlin
Germany
49 30 726241 100

Greece

Voukourestiou 19
Athens 106 71
Greece
30 210 364 7895

India

One Horizon Center
12th Floor
Gurgaon, Haryana 122002
India
91 124 480 2222

Ireland

Block 2, First Floor
Clanwilliam House, Clanwilliam Place
Dublin 2
Ireland
353 1 7999900
Dublin.OfficeAdmin@hines.com

Italy

Via Broletto, 35
Milan 20121
Italy
0039 02 8962921

Japan

Akasaka K Tower Level 4
1-2-7 Motoakasaka, Minato-ku
Tokyo 107-0051
Japan
81 90 9854 5236

Luxembourg

35 F, John F. Kennedy
Luxembourg L-1855

352 264 337 1

Mexico

Torre del Angel
Reforma 350
Mexico D.F. 06600
Mexico
52 55 52428809

The Netherlands

Gustav Mahlerplein 28
Amsterdam, NH 1082 MA
Netherlands
31 6 30 70 81 29

Nordic Countries

Forbindelsesvej 4
Copenhagen 2100
Denmark
44 7815 285 191

Panama

Torre B Piso 15
Torre de las Americas
Punta Pacifica, Panama City
Panama
507 028 20 7375

Poland

Prosta Street 68
Warsaw 00-838
Poland
48 22 351 2400

Russia

Gasheka Street 6
Ste. 820
Moscow 125047
Russia
7 495 785 05 00

Spain

Sor Ángela de la Cruz, 2° - 2° C
Edificio Cuzco III
Madrid 28020
Spain
34 91 703 00 23

South Korea

Glass Tower, Level 20
534 Teheran-ro, Gangnam-gu
Seoul 06181
Republic of Korea
82 2 3439 9141

United Kingdom

5 Welbeck St.
London W1G 9YQ
United Kingdom
44 20 7292 1900