Quay is growth for new Navigation Square tenant Clearstream

Confirmation of the financial services firm Clearstream to over 70,000 sq ft, plus an optional extra of 20,000 sq ft more for 600 well-paid financial services jobs at Navigation Square on Cork city’s quays makes it one of the very largest-ever office deals in Cork city.

The financial services company has €13 trillion in assets under securities custody, and its commitment to the new, under-construction office accommodation in Cork endorses and underpins the 350,000 sq ft, €90m office development by O’Callaghan Properties, with other significant FDI occupier deals in the wings.

Further, it provides a significant next step into Cork’s future docklands campus after One Albert Quay’s completion of 170,000 sq ft of offices, and will go on to support a wide range of city-based services — as well as fueling residential and rental accommodation demand.