LinkedIn searching for new Dublin HQ
LINKEDIN is on the hunt for a huge new international headquarters building in Dublin as it expands its operations here.
The IDA is working with LinkedIn on a plan to lease as much as 160,000 square feet (15,000 sq m) in Dublin.
A spokesman for the company itself declined to comment.
If LinkedIn is successful in finding – and filling – that size of office space in Dublin, it will make it one of the biggest technology employers in the capital. Google employs close to 3,000 people in three buildings on Barrow Street in Grand Canal Dock. The three properties – Gordon House, Grand Mill Quay and Montevetro – make up some 400,000 sq ft of office space. Facebook, meanwhile, has agreed to take up about 120,000 sq ft at 4 Grand Canal Square close to the Bord Gais Energy Theatre.
Large office space at the upper end of the market is now highly sought after.
Estate agents JLL are offering law firm Matheson's former offices in Dublin 2 for rent. The 49,765 sq ft offices are available for €39.50 per sq ft.
LinkedIn is a social- networking website for professionals, who use its website as a networking and job hunting tool.
Its shares have more than tripled since the company's 2011 initial public offering, and it is headed for its fifth straight quarter of decelerating sales growth. To expand its potential revenue base, LinkedIn is seeking to reach more workers outside the US, add mobile features and make acquisitions.
The company employs more than 450 people in Dublin – far more than it had been targeting for this stage in its business here (Additional reporting, Bloomberg)