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Facebook to double its office size in Dublin Docklands

The social media giant, Facebook is doubling the size of its European headquarters in the Dublin Docklands with an adjoining office to take its total space up to 250,000 sq.ft. The deal includes the standard landlord fit-out including ceilings, floors, light fittings and air conditioning.

It is reported that the lease which will be for 25 years will see Facebook pay the new standard city centre rent of approximately €45 per sq.ft, but the deal does include the option to break the lease after a period of 13 years. Facebook is understood to have negotiated a rent of no more than €376 per sq.m (€35 per sq.ft) for its first block at 4 Grand Canal Square at the end of 2011.