Ryanair has spent between €10m and €12m buying a new headquarters in Airside Business Park in Swords, Co Dublin.
Industry sources have said the airline is planning on spending another €5m on fitting out the 100,000 sq ft office.
Ryanair spokesperson Robin Kiely said that the move would help lower Ryanair’s costs and provide a boost to Swords.
“This is a significant investment by Ryanair, allowing us the space and facilities to further develop our Dublin organisation, at much lower costs than the high rents on the Dublin Airport campus, and allowing other staff currently housed in satellite offices to be brought together under one roof, resulting in a large reduction in rental expenses and further cost savings.
“Ryanair’s Airside Business Park relocation will also provide a welcome economic boost for the growing town of Swords, which continues to attract blue-chip corporations, including the world’s largest airline,” he said. The airline only plans to use half of the large headquarters.
“Ryanair will also be offering up to half (50,000 sq ft) of this building for rent to other high-profile multinational companies who are looking for high-spec offices in a great location,” a spokesperson said.
Ryanair decided to buy the premises to lower its rental costs and allow for expansion in the future, and will soon begin fitting out its new offices in the hope of being able to move in the autumn.
“Ryanair will shortly begin the tendering process for the fit-out of the building and plans to move all of its Irish office operations and approximately 400 staff from its current offices at Dublin Airport to Airside before the end of 2013,” the spokesperson said.
Picture: The new Ryanair headquarters in Airside Business Park
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