Fiserv signs long-term lease on offices at Ten Hanover Quay

US real estate firm Kennedy Wilson and joint venture partner Nama have signed an agreement with global financial technology and payments provider Fiserv for all of the 68,300 square feet of office space at Ten Hanover Quay in the docks of south of Dublin.

The company has agreed to occupy the property on a 15-year lease with an option to terminate the tenant in the 12th year. Although the rent was not disclosed by the landlord, The Irish Times understands that Fiserv has agreed to pay between €55 and €60 per m² for the property.

Located on the waterfront of Kennedy Wilson’s mixed-use Capital Dock project, Ten Hanover Quay comprises seven floors of offices housed in a former warehouse and stables dating back to the 1780s.

Following the acquisition of the site in 2017, Kennedy Wilson and his partners engaged OMP and Mola Architecture, along with contractors John Sisk & Son, to transform the property into a modern office building with a rooftop terrace and the best features conservation.

As a Class A industrial warehouse office redevelopment, the property boasts sustainability credentials, including gold certifications across LEED, WELL and WiredScore, as well as site building and l community engagement.

As part of the redevelopment project, Kennedy Wilson also renovated and expanded the historic Lock Keeper’s Cottage, which is for community use, and commissioned the Sentinel, a 40-foot limestone sculpture by famed artist Michael Warren for anchor the public domain.

Fiserv has a long history here in Ireland, with over 400 people employed at its existing offices in the south Dublin suburb of Clonskeagh, and a further 200 people at its technology hub in Nenagh, Co Tipperary. Its Dublin-based workforce will move to its new office in Ten Hanover Quay later this year, while the company plans to increase its overall Irish workforce by 300. Fiserv operates in over 100 countries, with a customer base of nearly 10,000 financial institutions.

Here in Ireland, it operates a joint venture with AIB, AIB Merchant Services (AIBMS), one of Ireland’s largest payment solutions providers and one of Europe’s largest e-commerce acquirers.

Dynamic Hub

Commenting on his company’s decision to relocate to Ten Hanover Quay, John Gibbons, Head of EMEA at Fiserv, said: “Our new location will be a key part of our presence in EMEA, serving as a destination for the talent that brings together people in a dynamic hub of collaboration and innovation as we advance payments and financial services. »

Ali Rohan, Head of Ireland at Kennedy Wilson, said: “We are very pleased to lease Ten Hanover Quay, complementing our state-of-the-art Capital Dock campus. The financial and technology sectors are well represented around the docklands and have boosted demand for smart buildings that enable collaboration, connectivity and occupant well-being.

Capital Dock’s global campus spans 5.3 acres and includes 460,000 square feet of fully occupied office space; 190 high-end residential units currently 92% occupied; 2.5 acres of public space, 27,000 square feet of restaurants, bars and dining offerings, including Dublin’s flagship Brewdog Outpost, Fresh the Good Food Market and a new waterfront park and playground .

Michael J. Chiaramonte