Deals done at Penrose

A letting of an office floor to growing research company UTRC in the rebranded and upgraded Penrose Wharf Business Centre puts the building vacated last year by Siemens back onto the market competitively.

Further deals are set to follow, says owner Jack Lynch.

Mr Lynch has let floor four of the 12-year-old third-generation office block to multinational United Technologies Research Centre (Ireland), a wing of United Technologies, which employs 200,000 worldwide. Research wing UTRC employs 450, in Connecticut, Shanghai and Cork.