Dublin, Ireland – 19th September 2023 – WeWork (NYSE: WE), the leading global flexible space provider, today announced it is commencing its fit-out on WeWork One Central Plaza, with the iconic location set to open in May 2024. Situated in the heart of Dublin and totalling 73,000 sq ft of flexible workspace, WeWork One Central Plaza underscores the company’s commitment to investing in its product offering and member experience. It also reaffirms the demand that WeWork continues to see in Dublin, with occupancy at over 90%, from businesses of all sizes who are prioritizing flexible, service-led and well-designed workspace that meets both business and employee needs.
Formerly Dublin’s Central Bank, one of the city’s most iconic buildings, WeWork One Central Plaza will span eight floors and offer a wide variety of mixed-use workspace to cater for both SMBs and enterprise companies, as well as WeWork All Access and On Demand members, who are opting for inspiring workspace for both collaboration and focus work. From private bookable offices, office suites and full floors to lounge space, pantry areas and an outdoor terrace with 360° views overlooking the city, WeWork One Central Plaza is well-connected via Dublin’s public transport services – making it ideal for both workers living locally or commuting into the city.
Striking a balance between functional, flexible and thoughtful design, WeWork One Central Plaza will be expertly designed to cater to hybrid work models in this new era of work. Blending hospitality and workspace, with high-quality finishes and cultural twists to bring a local flavor to the space, WeWork One Central Plaza will be a state-of-the-art, sophisticated workspace designed to foster collaboration and productivity.
Peter Greenspan, Global Head of Real Estate, WeWork, says – “WeWork One Central Plaza is set to be a highly sought-after space in an iconic location in the heart of Dublin – one of Europe’s preeminent business and tech hubs. At WeWork, we continue to experience strong appetite from SMBs and large enterprises in Dublin who are not only looking to incorporate flexible space in their real estate portfolio but also prioritize a first-rate in-office experience that employees don’t want to miss out on. Our occupancy in Dublin is over 90%, and WeWork One Central Plaza underscores our ongoing commitment to invest in our member experience, product and services across key markets.”
Peter Lynn, Managing Director with Hines says – “Central Plaza is a truly unique mixed-use redevelopment of a 1970s office scheme which has resulted in a significant carbon saving through adaptive reuse. Located in the heart of Dublin comprising a mix of office, retail, food and beverage and hospitality uses. Hines and Peterson Group marked the completion of this sensitive redevelopment in 2022 with the unveiling of the newly restored buildings and extended city plaza area. The project will reach another major milestone shortly with the occupation of the offices in One Central Plaza and we look forward to several exciting new leasing announcements soon which will bring occupancy close to 100% and the project into its fully operational phase with an expected 1000 additional workers adding new vibrancy to the plaza area and local business district.”
WeWork (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at wework.com.
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage €87B1 in high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 790 properties totaling nearly 25 million square meters globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of June 30, 2023.