Developer Johnny Ronan’s Ronan Group Real Estate (RGRE) and its funding partners, Colony Capital, will be paid €600 million by social media giant Facebook over its 25-year lease agreement.
The deal by Facebook to lease the the entirety of Fibonacci Square, a 350,000 sq ft office space on the Merrion Road, is the biggest single letting in Irish history.
Property industry sources said that Facebook was paying over €60 per sq ft per annum...
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