IWG is opening a state-of-the-art flexible workspace in Donnybrook House, Dublin 4 as the demand for hybrid working rapidly accelerates. The building is owned by MM Capital. Savills and joint agent, CBRE, represented MM Capital on the deal.
Situated in the centre of Donnybrook, this new Spaces location is part of a drive-by IWG to meet the sharply rising demand for top-class flexible working space in Dublin. Spaces will provide 215 desks across 70 private offices, meeting rooms, call booths, co-working and creative spaces, as well as a business cafe. Donnybrook House is conveniently within 10 minutes of St Stephen’s Green, close to Ballsbridge, the home of Facebook’s new European HQ.
In 2018, Donnybrook House underwent extensive refurbishment under the creative guidance of award-winning architect Henry J Lyons, transforming it into a modern Grade A office accommodation with excellent amenities. The building features high-standard office floors with abundant natural light, contemporary finishes, and tenant amenities such as showers, changing rooms, and bicycle parking.
Mark Dixon, CEO and founder of IWG, commented: “We are looking forward to opening a new state-of-the-art hybrid working space in Donnybrook House and expect the location to be very popular as more and more look to work closer to home, in the heart of their local communities. We are expanding throughout Ireland with the recent addition of Regus in Clonakilty and will continue to announce further locations to meet customer demand. Our increasing footprint highlights that more and more companies are discovering that flexible working boosts employee happiness and satisfaction while helping the environment. Our workplace model is also proven to increase productivity and allows for a business to scale up or down at significantly reduced costs.”
Thomas Sinclair, CEO of IWG Ireland, commented: "We are very excited to open other new Spaces in Dublin. As the ongoing shift towards hybrid working accelerates, conventional office occupancy will continue to fall as businesses require less traditional space and turn to flexible workspace instead. This trend is propelling the IWG business forward and the addition of this latest cutting-edge Spaces location in Donnybrook House marks a significant milestone in our plans to add around 1,000 locations globally over the next year. It is a testament to our business model to witness the increasing number of landlords and investors making the switch to IWG, enabling us to add over 400 new global locations in the first half of 2023, with just 5% of them being company-owned. We look forward to continuing our mission to support businesses while nurturing and expanding our relationships with landlords to harness the full potential of our platform and network."
Derek Poppinga, Managing Director, MM Capital said, “We are delighted to welcome such high-calibre tenants to Donnybrook House. Spaces will bring a dynamic and collaborative atmosphere to the building, enhancing its modern and innovative environment.”