Wednesday 19 December 2018

Iconic Offices engage Deloitte to help raise equity for international expansion

Iconic Offices CFO Brian Kelly and CEO Joe McGinley
Iconic Offices CFO Brian Kelly and CEO Joe McGinley
Louise Kelly

Louise Kelly

Iconic Offices have engaged Deloitte Ireland to help raise funds to continue their expansion in Dublin and across Europe.

The flexible workspace provider is looking for a capital partner to help them fulfil an ambitious five year growth plan.

Around 7,000 workstations are expected to be built by Iconic over this period as it forecasts portfolio expansion of an additional 538,000 sq ft.

Over 100 new jobs will be created with the delivery of this plan, the majority of which will be domestic.

CEO, Joe McGinley, said that "the capital injection will transform the business and see Iconic Offices reach its full potential, and allow us to add lots of new talent to the company".

Read more: Exclusive: Sneak peek inside the new Iconic Offices - where bespoke luxury meets co-working

Founded in 2013 by McGinley, the firm has doubled its Dublin headcount to over 50 people and created over 2,000 workstations across the capital.

It is expected that the Iconic portfolio will grow by at least 1,000 workstations over the next 12 months, The Victorians on  Earlsfort Terrace the first  Iconic Offices building to open its doors in 2018.

CFO, Brian Kelly, said that Iconic Offices has enjoyed exponential growth to date.

"This capital raise will give us a strong platform to continue our growth trajectory while delivering the next generation of flexible workspace both at home and abroad."

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