December 7, 2021
TikTok’s long-awaited and much-anticipated move into the Sorting Office in Dublin’s south docklands is expected to take place shortly. Having agreed terms to lease the entire 202,000sq ft (18,766sq m) property earlier this year, the company is said by market sources to have formally signed the deal with the building’s owners, Mapletree Investments, last weekend. The Chinese-headquartered social media giant has agreed to occupy the property on the basis of a 15-year lease with 10 years’ term-certain and a rent-free period of about 18 months. The rental level agreed for the office scheme is understood to be between €55 and €60 per square foot.