Union Investment Begins Redevelopment of Former Meta Headquarters in Dublin

Union Investment has started the redevelopment of the office complex at 4+5 Grand Canal Square in Dublin’s South Docklands. The project, with an investment volume of around €70 million, will modernize the existing structures into sustainable, high-specification workplaces, with completion targeted for 2027.

The complex consists of two buildings connected by a seven-story glazed atrium and has been part of the open-ended real estate fund UniImmo: Europa since 2015. Until July 2023, it served as the European headquarters of Meta, which relocated to a new campus in Ballsbridge before its lease expired. Union Investment has used the vacancy to advance a full redesign of the property.

The redevelopment will introduce a mix of collaborative and leisure spaces, including a ground-floor café with outdoor seating, a private gym with wellness facilities, and a rooftop terrace accessed through a business lounge. A “Collaboration Street” will be created in the central atrium, offering multifunctional work areas aimed at flexible office use.

Sustainability is a central feature of the project. The building will be fully electrified, with hot water and heating provided by heat pumps, rooftop photovoltaics, and renewable grid electricity. According to Union Investment, these measures align the building with high environmental standards, including low operational carbon targets.

The total lettable area of the property is approximately 23,000 square metres. Leasing is being managed by Savills and Cushman & Wakefield, while Walls Construction has been appointed as the lead contractor.

Union Investment stated that the redevelopment is designed to strengthen Dublin’s South Docklands as a business hub and meet demand for energy-efficient, adaptable office space in the Irish capital.