The smaller site area to the east of the main estate road, meanwhile, extends to 2.67 hectares and consists of a former commercial building which has been converted to a high-quality office. There is car parking to the front and 5.1 acres of greenfield zoned land to the northern boundary of this site. Significantly, the Campus is zoned ‘HT’ , which offers the potential for an alternative commercial use such as a data centre or life sciences facility, subject to planning permission.
Commenting on the sale of the Campus at Ballycoolin, Garrett McClean, executive director at CBRE, said: “The Campus represents a superb opportunity to acquire a substantial portfolio of four buildings. Buildings 2, 4 and 5 were fully refurbished to a very high turn-key standard at a cost of approximately €15 million between 2019 and 2021.
Those staff in Dundalk who remain with the US payments company will work remotely, while the firm’s Dublin-based employees will move from Ballycoolin to a smaller office in the city centre that “better meets the needs of its workforce”. “Employees, including myself, have really embraced the flexibility of our new working models and the increased opportunity to work from home. As a result, employee footfall at our offices at Dublin and Dundalk has remained consistently low. Nonetheless, we have maintained our strong community connections and supports in these regions, and will continue to do so.”
I hope the trees are preserved