Irish Auction Info
PayPal, the money transfer arm of online auction giant eBay, is leasing the entire Atrium building at Blanchardstown for an annual rent of around 1.1 million, giving Dublin’s suburban office market a major boost after years of double-digit vacancy rates.
The e-commerce firm has signed up for two five-storey blocks, which total 6,968.66sq m (73,934sq ft) of space, as part of a major expansion of its Irish operations.
According to market sources, PayPal has agreed a competitive rent of 162 per sq m (15 per sq ft) on a 20-year lease that includes break options.
The two buildings are strategically located at the entrance to the Blanchardstown shopping centre and overlook the N3 motorway.

Posted: 04|20|06 at 6:50 am. Filed under: Auction News.