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Published in Commercial Property on 29/01/2020

Flexible Workspace Platform Knotel Cements Footprint in Dublin with 2 New Properties


CNI Editor reports

Knotel, the world’s leading flexible workspace platform, has signed the leases on a further two properties in Dublin, to add to Riverview House its first Dublin location in November 2019.

Savills, who facilitated the transactions with flexible workspace giant, have announced that the acquisition of 8,785 sq. ft at the Bloodstone Building on Sir John Rogerson’s Quay and 8,666 sq. ft at Ashford House, Tara Street both in Dublin 2, will bring Knotel’s total space in Dublin to 25,435 sq. ft.

Knotel has also signed ThousandEyes, a San Francisco, California headquartered Cloud and Internet Intelligence company as its newest Riverview House client starting in March. ThousandEyes will be joining Ivy Technology, who are taking up occupation of the penthouse floor in the building at the end of January.

Frank Zorn, head of European expansion at Knotel said their entry into the Irish market is based upon customer demand, and the growing maturity of Dublin’s commercial real estate market.

Since it launched in 2016, Knotel has experienced significant success throughout the globe with their existing spaces in Amsterdam, New York, London, San Francisco, São Paulo and elsewhere. The leading flexible workspace platform say they have significant and long-term plans for growth in Ireland, having experienced significant demand for its current offering.

Over the last year, Knotel also expanded to Los Angeles, Paris, Boston, Frankfurt, Washington D.C. and Amsterdam. The firm launched in the latter four cities with signed customers, following its demand-first strategy and steadily growing by matching international supply with enterprise needs. In 2019, Knotel grew its customer base by 124% globally, and now works with 20% of Fortune 100 companies.