US payments and fintech firm Fiserv is set to move into a major port area in Dublin after signing a 15-year lease with real estate firm Kennedy Wilson and its partner Nama.
iserv will occupy all 68,300 square feet and seven floors of the waterfront property at Ten Hanover Quay in Dublin’s South Docklands.
The new lease will generate a return on costs of over 6 percent. The National Asset Management Agency, Nama, is a 40-part joint venture partner on the lease. Fiserv has a tenant breach option on the lease in Year 12.
Fiserv’s 400 employees at the existing Clonskeagh site will relocate to the Hanover Quay site. Fiserv, which works with AIB Merchant Services, also employs 200 people at its technology center in Nenagh and plans to add a further 300 jobs in Ireland.
“Our new location will be an important part of our presence in EMEA [European, Middle East and Africa]serving as a destination for talent, bringing people together in a dynamic hub of collaboration and innovation as we advance payments and financial services,” said John Gibbons, Head of EMEA at Fiserv.
The building is located on the redeveloped 5.3-acre Capital Dock campus, which includes 460,000 square feet of fully occupied offices, 190 residential units, 2.5 acres of public space and 27,000 square feet of restaurant and bar space.
Kennedy Wilson has renovated Ten Hanover Quay to high environmental, digital and social standards and has received Gold certifications in multiple building rating systems including Leadership in Energy and Environmental Design (LEED), the global design standard for health and well-being, WELL and WiredScore, the Landlords rated by digital connectivity.
Ten Hanover Quay dates back to the 1780s when it was a warehouse and stables.
Global real estate investment firm Kennedy Wilson acquired the site in 2017.
The restored building includes a historic Lock Keepers Cottage that Kennedy Wilson renovated and expanded for communal use.
The company also commissioned a 40-foot limestone sculpture from renowned artist Michael Warren, known as the Sentinel.
“We are delighted to lease 10 Hanover Quay to complement our state-of-the-art Capital Dock campus with its fantastic community facilities, innovative placemaking and recently accredited ISO certifications,” said Ali Rohan, Kennedy Wilson’s Head of Ireland.
“The financial and technology sectors are well represented in Docklands and have fueled demand for smart buildings that enable collaboration, connectivity and the well-being of occupants.”
https://www.independent.ie/business/irish/us-fintech-fiserv-signs-lease-for-hanover-quay-offices-41509965.html US fintech Fiserv signs lease for offices on Hanover Quay