WP Engine, the WordPress digital experience platform (DXP), is to occupy the 12,000 sq ft prime office building at 12 Henry Street in Limerick city centre, a premises in the portfolio of local property firm Kirkland.
The US firm plans to relocate the company's existing 75-member team to the premises, which will also provide space for future expansion. It is understood that the rent will be more than €25 per sq ft.
This letting will see WP move from the coincidentally named The Engine building, where Limerick County Council provides space for start-up firms and overseas firms when they first set down in Ireland. WP's Innovation and Technical Support Centre operated there since 2016 but has outgrown its space.
Rudi Butler, head of Kirkland Investment, welcomed WP Engine's move to 12 Henry Street, describing it "as testament to the skilled workforce and the attractiveness of the city as a place of both business and lifestyle".
The letting represents the last available office unit within Kirkland's Limerick office portfolio of Grade A accommodation. Following its revamp last autumn of the former Bank of Scotland building on Henry Street, now known as Carlton House, it has also attracted a number of tenants to this 12,000 sq ft property with lettings at around €25 per sq ft.
Focus Consulting has recently reserved space there to join Amesto Global, KMPM and Tribeca Holdings.
"These recent lettings further highlight the limited availability of Grade A office accommodation in Limerick city centre with overall office vacancy now at its lowest level since 2007," said John Buckley of letting agents Cushman & Wakefield.
Kirkland is now advancing the next phase of development which will provide over 85,000 sq ft of LEED Gold Grade A office accommodation on the waterfront along the city's Bishops Quay. It is due to commence construction later this month and will also include a residential element comprising 34 apartments overlooking the River Shannon.
Paul Ryan, senior director of technical support at WP Engine, said that the new office "in the heart of Limerick's artistic and cultural scene, will amplify our ability to give back to the community and bring more employment at all levels, to the region".
Denis O'Donoghue, of CBRE, who acted on behalf of WP Engine, commented that the acquisition is hugely positive for Limerick and cements its reputation as one of Europe's most attractive FDI locations.
Other firms which expanded in Limerick in recent years include Uber.