Google planning to snap up key Dublin office building in €120m deal as it grows workforce
Tech giant Google is close to finalising a deal to acquire the Treasury Building on Dublin's Grand Canal Street for a figure in excess of €120m (£107m), it can be revealed.
It is understood the proposed transaction marks the conclusion of a process which kicked off with informal talks at the beginning of this year.
While a Google spokeswoman declined to comment, the US web giant's intended purchase of the Treasury Building represents a coup for the property's owners, developers Johnny Ronan, Paddy McKillen and Percy Nominees.
It also serves as a statement of Google's intent to deepen its investment in Dublin, and to grow its 6,100-strong workforce.
Google's decision to buy the Treasury Building follows its decision to buy a European HQ on Dublin's Barrow Street and the Montevetro building in 2011.
Both buildings were developed by Treasury Holdings, the company formerly led by Johnny Ronan and Richard Barrett. Google's move into the Treasury Building could come as early as next year.
The building's current occupier, the National Treasury Management Agency, is poised to move shortly to its new headquarters at Dublin Landings, which is being developed in the north docks.
In more welcome news for Dublin, US tech giant LinkedIn is also understood to have agreed to pre-let 130,000 sq ft of office space at One Wilton, a 150,000 sq ft building which is set to be developed by Iput on the site of Fitzwilton House at Wilton Terrace.