Leading business advisory firm Grant Thornton Ireland has signed an agreement for a 25 year lease on a new headquarters at Dublin’s City Quay. The premises, backed by TIO, at 13-18 City Quay will be built by summer 2018 and will comprise of approximately 107,000 sq ft of office space and 10,000 sq ft for retail space. Grant Thornton is currently based at 24-26 City Quay.
Grant Thornton Ireland has agreed heads of terms, brokered by Savills, for the lease that will be signed once the build is completed. The firm will rent the entire building for over €5.8 m per annum.
Commenting on the deal, Paul McCann, managing partner with Grant Thornton Ireland said, “We are moving to facilitate the exceptional growth of the firm over the past number of years. Since we merged with RSM Farrell Grant Sparks last year, we have been operating from two separate locations in Dublin.”
“In order for us to continue to grow at the rate we are doing now, it’s strategically important that we future proof the practice and come together in a flagship headquarters. A key selling point of this building is that it enables us to stay in City Quay, it’s where we grew up and we’re very excited about our future here in our new home,” said McCann.
Grant Thornton Ireland has experienced significant expansion with a 46% growth in revenue in the past three years alone. The firm currently employs over 1,000 people across its eight office locations in Ireland and will create 250 additional jobs in the next 18 months.
“This is a significant milestone for the firm and we continue to grow rapidly demonstrating that our unique strategic approach to drive growth in niche areas and introduce new services lines in the last 18 months is driving our success, “continued McCann.
Grant Thornton is expected to move into the new, modern headquarters in summer 2018.