Co-working space provider WeWork Cos. is set to occupy eight floors at the former Central Bank building on Dame Street in Dublin, The Irish Independent reported.
Redevelopment of the building is being undertaken by U.S.-based property developer Hines and the Peterson Group of Hong Kong, with a project cost of up to €100 million, according to the report. The refurbished property, which was renamed Central Plaza, will feature 12,500 square meters of office space that will be leased to WeWork in its entirety. It will also house fashion outlets, as well as food and beverage stores, the June 18 report noted.
Separately, the City of London gave its approval to WeWork Property Advisors' redevelopment plans on the 51 Eastcheap and 120 Moorgate office properties, propertyfundsworld reported.
WeWork is expected to occupy 100% of the office space in the 10-floor, 85,000-square-foot property at 51 Eastcheap upon its completion by the fourth quarter of 2018, according to the June 15 report.
Meanwhile, the nine-floor 120 Moorgate asset will contain 100,000 square feet of space, with the office-sharing operator to occupy 90% of the office area. The building will also have ground floor retail space, with an existing Barclays branch, the report noted. Completion of the project is scheduled in the fourth quarter of 2019.