Salesforce deal for Slack opens major gap in Dublin office market

Last year's €27.7 billion acquisition by US tech giant Salesforce of workplace collaboration specialist Slack Technologies has opened up a major gap in Dublin's office market.

Having committed in early 2020 to a long-term lease on all 135,617sq ft at the newly-developed Fitzwilliam 28 on Fitzwilliam Street at a rent of €7.7 million per annum, Slack will now relocate its entire operations to Salesforce’s new European headquarters in the city’s north docklands instead.

The Irish Times understands that agent Cushman & Wakefield has been engaged to secure an occupier for Slack’s Fitzwilliam Street offices on the basis of a lease assignment.

Fitzwilliam 28 is one of two adjoining but independent blocks developed by the ESB. The sister block to 28, Fitzwilliam 27, is to be owner-occupied by the utilities provider.

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The Fitzwilliam 28 scheme is owned by Amundi Real Estate, a specialist subsidiary of Europe's leading asset manager Amundi, a company with some € 1.527 trillion in assets under management. Amundi acquired Fitzwilliam 28 for €180 million in November 2020.