Penrose Dock offices in Cork to open in June

Penrose Dock offices in Cork to open in June
More than 60% of the Penrose Dock office development in Cork has been reserved. Picture: Larry Cummins

A strong flavour of FDI, cybersecurity and data protection companies feature in the major 250,000sq ft Penrose Dock, Cork city, office scheme, with a June opening date confirmed this week by developers JCD Group.

They said more than 60%, or 150,000sq ft, has now been reserved in the project, by Kent Rail Station, and the two blocks are capable of hosting 2,200 employees.

Confirmed this week as tenants are cybersecurity company Sophos, which employs 3,500 globally and which already has a Cork city profile, at City Quarter. Sophos was acquired last year in a €3.4bn takeover deal.

Also confirmed for Penrose Dock are San Diego-based data protection company Qualcomm, who currently have Cork offices at the JCD Group-developed City Gate, in Mahon.

Again reflective of the strong cluster of cybersecurity expertise in Cork is Varonis, a data security company with an existing Cork foothold at the JCD Group-developed One Albert Quay, set now to move from the south to the north quays.

And, adding then to the mix is Matheson Law, a long-established Irish corporate law firm, which employs over 700 nationally. Matheson has six Irish offices and its Cork office has an expertise in and focus on the FDI sector.

Previously confirmed for Penrose Dock is financial services company Grant Thornton, who are vacating offices on Cork’s South Mall and taking a penthouse level in the new Grade A office development.

The buildings, across two blocks under construction by PJ Hegarty since October 2018, are now weathertight, and the third and final crane comes down later this month. Tenant fit-out is underway on 50,000 sq ft and companies begin moving in from June through to the end of the year. There’s also 28,00 sq ft of FlexiSpace, available on short leases, an on-site coffee shop, operated by Naturally Nourished, plus a new gym will open for business on June 22.

CEO of JCD Group John Cleary says: “The companies that have already committed to Penrose Dock offer a great mix of global technology and professional services. We have longstanding relationship with many of these and we are delighted to be part of their ongoing growth, by supplying office accommodation and amenities that assist them in attracting and retaining the best people.

“There is strong interest in the remaining space at Penrose Dock, and we look forward to confirming further occupants in the months ahead,” he added.

More on this topic

Thieves break into 15 cars and steal a van in Co CorkThieves break into 15 cars and steal a van in Co Cork

Cork community left reeling after young man killed in freak bike accidentCork community left reeling after young man killed in freak bike accident

Blarney man, 24, who died in motorcross accident yesterday is named locally Blarney man, 24, who died in motorcross accident yesterday is named locally

Cork-based flight training school continues to teach new pilotsCork-based flight training school continues to teach new pilots

More in this Section

Ladysbridge family home is contemporary to the coreLadysbridge family home is contemporary to the core

Property in Ballycotton on the crest of a waveProperty in Ballycotton on the crest of a wave

Making a mark at Marina ParkMaking a mark at Marina Park

House of the week: Studied elegance in Mount OvelHouse of the week: Studied elegance in Mount Ovel


Lifestyle

Easy and cost-effective ways you can spruce up your home. By Carol O’CallaghanStaying in is the new going out: Easy and cost-effective ways to spruce up your home

Need a funny, hopeful read? Hannah Stephenson rounds up the best.10 uplifting books to cheer you up on dark days

Esther N McCarthy put the call out to Irish crafters and grafters this week. Let's support our local makers, all of these are available onlineWish List: Supporting Irish crafters selling online

Shane Johnson takes a look (and listen) at two recent electronic full-lengths.Album reviews: Wajatta and Takeleave provide beats and pieces

More From The Irish Examiner