Top Korean investor acquires €100m future Facebook HQ
June 1, 2018
Knight Frank Investment Management have teamed up with a Korean investment manager to acquire The Beckett Building in Dublin for over €100m.
The 190,000 sq ft Beckett Building, located just north of the Dublin Landings development on East Road, will become home to Facebook over the next 6 months. Facebook currently employs 1,600 people in its Grand Canal Dock premises.
Then then-vacant office building in the north Dublin docklands was bought by the Comer Group in 2013 for €5m before being fitted out and sold to the South Korean-based Kookman Bank as a long-term investment on the back of the Facebook letting.
This further proves the attraction of the Docklands to multinationals and property investors, following the recent purchase of Bolands Quay by Google .