Big Tech

Ian Guider: All eyes on plans for Meta’s HQ as tech sector feels the pinch

The tech sector, facing its first ever downturn, is cutting costs – including its real-estate footprint. The commercial property sector is watching developments at Meta’s Fibonacci Square HQ in Ballsbridge with interest

Meta’s Fibonacci Square HQ: deal with Johnny Ronan, who owns the site, involves an estimated annual rent of €22 million

Amid the townhouses of Ballsbridge, opposite the Royal Dublin Society, black wood hoarding attempts to conceal a giant construction site and make it blend into its leafy surroundings. But it is almost impossible now to disguise the scale of the building that now occupies the site.

The old low-rise AIB Bankcentre is gone, and in its place stands Fibonacci Square. The name does not quite fit in with the more staid street names of Dublin ...