Businesses located in Cork’s Penrose Dock office complex expect to recruit up to 500 staff over the coming months, bringing to 1,600 the number of people working there.

The new Grade-A office complex was developed by JCD Group and c.90% of its floorspace has been let. The complex extends to 250,000 sq. ft. of office space across two buildings, Penrose One and Penrose Two.

The Penrose Dock development was recently named Building of the Year and the Best Large Office development at the National Building and Architecture of the Year Awards 2021.

The development forms a key part of the evolution of the North Quays into a new economic district in Cork.

Centred around Kent Train Station, the district at the eastern entrance to the city is a cornerstone of a rejuvenated area, adding momentum to the development made in recent years on the South Quays with One Albert Quay and Navigation Square.

In Association with

Eleven of the 18 tenants are IDA clients. Among the companies who have taken up residence at Penrose Dock are Qualcomm, Cloudera, Varonis, Aspira, Tigera, Grant Thornton, Matheson, Cadence, IBEC, Remitly, Sophos, Nuacra, CH Robinson, Nathan’s Trust and Minelab.

The complex incorporates a gym operated by Dennehy’s Health and Fitness and Naturally Nourished café. Penrose One also includes Flexi Workspace, JCD Group’s flexible office offering.

During a site visit, Taoiseach Micheál Martin described Penrose as a great example of the promise of Cork’s docklands to become a future driver of economic growth for the region and the country as a whole.

“In the months ahead, as restrictions ease, this part of the city will become a base for innovation. To see a strong mix of Irish companies alongside global firms shows how Cork is attractive as a destination for future investment,” Martin commented.

(Pic: Darragh Kane)