KPMG settles on Hibernia’s Harcourt for Irish HQ

KPMG Ireland has agreed non-binding heads of terms with Hibernia REIT to take almost all of its 337,000 sq ft Harcourt Square development in Dublin. The Big Four accountant will pay just less than €50 (£43) per sq ft for the space. KPMG had been eyeing six developments in the city for its requirement, including Westridge Real Estate’s 572,000 sq ft redevelopment of the DIT Kevin Street campus and Clancourt Group’s 396,000 sq ft Charlemont Street development. KPMG already occupies around 20,000 sq ft at Clancourt’s Park Place scheme on Hatch Street. It signed a 10-year lease on the space in 2019. The move into Harcourt Square will be a consolidation for the accountant, which, alongside the 20,000 sq ft at Park Place, has the majority of its 2,500 Dublin-based staff in a building at Stokes Place and in the IFSC. Its leases across the two buildings are set to expire in 2026.   To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews