Wednesday 20 March 2019

Adesto moves to new Irish HQ in Carrickmines

The Herbert Building is located at the Park, Carrickmines, Dublin 18
The Herbert Building is located at the Park, Carrickmines, Dublin 18
Ronald Quinlan

Ronald Quinlan

Adesto Technologies has relocated its Irish headquarters to The Herbert Building at The Park in Carrickmines, Dublin 18.

A specialist provider of semiconductors and embedded systems for the internet of things (IoT), Adesto joins a number of international companies including PTC, Getty Images, Bimeda, and the Park scheme's original developer, Park Developments in occupying space at the Herbert Building.

Acquired by Cantor Park Commercial Property Fund in 2018, the Herbert Building is capable of accommodating a range of requirements from 1,000 sq ft to 20,000 sq ft at a quoting rent of €27 per square foot.

The Park Carrickmines is well-located immediately beside both the M50 motorway and Ballyogan Wood Luas Stop. The scheme itself has extensive car parking, and offers occupiers a range of retail, food and beverage amenities including Costa Coffee and the Vanilla Pod.

David O'Malley of Savills says: "There has been strong demand for office space in the south suburbs recently and Carrickmines has benefited from this largely due to the availability of high quality office space with access to best in class on-site amenities. Vacancy rates in Dublin 18 have continued to fall and are currently at 11.45pc down from 13.2pc this time a year ago. This follows total take-up for 2018 of 27,568 sq m (296,739 sq ft) in Dublin 18.

"The improving market conditions in Dublin 18 are consistent with the strong current interest in The Park. In addition to the Adesto Technologies letting, we have also agreed to lease a further 12,000 sq ft within The Herbert Building and have good interest in the remaining space."

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