The arrival of a US-based IT/digital-based international marketing company to high-spec offices within a 200-year old Cork city centre Georgian building — and one which had had lain idle for over a decade — speaks volumes for the street’s renewal, and changing tecchie tenant profile.
There’s now 600 workers in the tech sector in offices on the South Mall, once the heartland of the most traditional arms of commerce, from banking to auctioneering, and from finance to insurance. And, that number of 600, spread across a cluster which has started to infill over the past three years, is on course to double in the next several years, as the ‘Mall’ refinds its ‘mojo’.
Atlanta Georgia-based Click Dimensions this week has started to occupy revamped offices at No 10 South Mall, a red-brick period office building vacated in 2008 by Standard Life Assurance, who had relocated to Lapps Quay.
The recent purchase and upgrade of long-vacant No 10 and its occupancy by Click Dimensions is associated with John Cleary Developments (JCD), and indicates a willingness by tech companies to move into historic buildings, and not just ‘glass and steel’ new-builds.
Working in the Microsoft digital marketing automation sector, rapidly scaling-up Click Dimensions has three offices in the US, as well as The Hague in the Netherlands, Tel Aviv in Israel and Christchurch in New Zealand.
Its first Cork staff landed temporarily in the South Mall’s Republic of Work co-working offices, and about 25 employees this week started to move along the boulevard’s southern side to No 10 South Mall, next to Savills at No 11.
Its arrival in Cork, thus far, has been low-key, and its further growth/occupancy plans are as yet unconfirmed, pending an official announcement, but Click Dimensions’ employees shared news of their arrival at No 10 on social media this week.
No 10 South Mall had been put up for sale as far back as 2006 as Standard Life prepared to relocate, back then with a guide of €1.6m, and while a deal was struck at as much as €2.5m, that sale didn’t close, and other adjacent South Mall sales at the time came in at excess €1.8m.
Just now revamped after a 2017 sale via agent Sean Healy of Cushman & Wakefield at an unconfirmed price, understood to be in excess of €600,000, the scale and quality of the further investment, as well as the occupier profile assisted by JCD, is notable.
A thorough refit and upgrade of the c 3,500 sq ft five-storey building has quietly taken place in recent months, unveiled just this Monday when window screens came down, set back behind the reinstated cast iron railings on the street, an historical and architectural feature which had disappeared in previous decades and usages.
Their arrival follows on after Eventbrite moved to Cork’s South Mall in summer 2016, initially taking 2,500 sq ft at 89/90 South Mall, and subsequently moving to the iconic former iconic AIB bank building at 97 South Mall, where Eventbrite employ 55, set to grow to 100, according to sources.
Since 2016, Eventbrite have been joined at South Mal by Blackberry- Cylance, F5-Nginx, Keeper Security, Forcepoint, Otter Products relocating from Georges Quay, and Park Place Technology.
Employment among that IT cluster tops 600 after Click Dimensions’ fresh arrival, with further jobs on the way to boost footfall, and spending power, in the heart of the ‘old’ city.
Added to the redevelopment of the Capitol with Facebook VR, Chinese giant Huawei and Alien Vault (now AT&T Cybersecurity) it’s a balance to the scale of docklands’ employment growth in shiny new builds downriver, and impacts positively on the long-established city centre hotels, retail, cafes, bars and restaurants.
Details: Cushman & Wakefield 021-4275454, /www.jcdgroup.ie