and speculation over its future in recent weeks have added to the already palpable sense of anxiety in Dublin’s office market.
Leaving aside Hines’s Central Plaza development on Dame Street where it was scheduled to take up 11,148 sq m across seven floors, WeWork currently occupies 9,920 sq m at the Dublin Landings 2 building in the docklands where its landlord is a South Korean fund. Finally, the US company is also present at the McGarrell Reilly-developed Iveagh Court on Harcourt Road in Dublin 2.
“If the worst came to worst and WeWork was to pull out, the space is still occupied by somebody and the most likely course of events, I think, is that those occupiers would either stay in situ and just have a different landlord.” This is the most likely template if WeWork does decide to vacate any of its leases in the capital, although any such decision would likely be the subject of legal wrangling.