The arrival of c 100 jobs at the two US technology companies — SimpliVity and Parade Technologies — brings City Gate and City Gate Park, back to full occupancy of an incredible 660,000 sq ft of suburban office development, much of it built and occupied during the Irish economy’s downturn.
Now also this year, developers JCD will embark on their third, equally major, Mahon office development to be called City Gate Plaza, on the now-cleared former M/A-COM site between the CSO and the original City Gate.
JCD’s next Mahon project has planning for 300,000 sq ft of offices, in six blocks on a site bought two years ago for €4 million.
Having completed the 170,000 sq ft/€58 million One Albert Quay, JCD and BAM are already on-site to develop the Capitol cinema site for retail and some further office uses, with demolition well advanced by Loftus.
It’s understood the dynamic, Cork-rooted firm is also reinvesting a significant portion of the gains it got from selling the fully-let One Albert Quay to Green Reit in other very recent Cork investment/development purchases.
One’s an existing property in the heart of the city centre, the other’s outside the city area, with scope for a major industrial/warehousing/business park development. JCD have so far declined to confirm details of either of purchase.
Meanwhile, John Cleary Developments have welcomed the return to full occupancy at the Mahon location.
“More than 3,000 people are working in City Gate and City Gate Park which are now 100% occupied,” said a spokesperson, also confirming “we intend to commence construction works on the final phase of City Gate, City Gate Plaza on the former M/A-COM site later this year.”
The arrival of SimpliVity to Cork was first revealed in late 2014, with 70 jobs promised, and it is now expanding its customer support operations in Cork, complementing existing support operations and allowing expansion to address what it says is “the growing global adoption of its data center technology.”
SimpliVity has 750 employees globally, and added offices in Munich, Seattle, and Raleigh North Carolina in the past year, as well as in Cork, and now at City Gate rents of c €20 psf have been achieved, it’s understood.
SimpliVity is headquartered in Westborough, Massachusetts and Parade Technologies Ltd, an Asian firm quoted on the Taipei stock exchange, has offices in Silicon Valley’s Santa Clara.
Both now have expanding Cork offices building on the technological talent in the region.
Employing 400 globally and with a turnover of $200m, the 2005-founded Parade Technologies is a global supplier of microchips/semiconductor products, investing in touch controllers for wireless devices.
“The experienced engineering team in Cork is very excited about the new leading edge projects planned with Parade Technologies,” says Denis Ellis, site manager of the firm’s Irish design centre, who added, “the move into our updated new Cork facility will help us retain our top talent, as well as attract more that will be needed to serve this growing and technically demanding market segment.”
Others at JCD’s Mahon parks include world-leading IT companies such as Dell, EMC, and Intel Security, Solarwinds, Qualcomm and Aruba Networks.