M&G agrees Europe’s largest single office letting since the Pandemic with Workday’s new space in Dublin

London, Dublin, 10 April 2025: M&G Real Estate and its development partners, Marlet Property Group, have agreed a circa 416,000 sq ft office letting with Workday – the AI platform for managing people, money and agents – at its state-of-the-art College Square scheme in Dublin. The new office will unify Workday’s Ireland-based workforce of over 2,000 employees from two current locations into one single hub. This investment reinforces Workday’s long-established presence in Dublin and allows for its continued growth alongside other global tech leaders in the city, with its reputation as Europe’s tech capital.

In the largest single European office letting since 2021, Workday will occupy the entirety of College Square’s ‘super prime’ office space, equivalent to five and a half football pitches. The remaining space at the 22-storey building – the tallest and aspiring to be one of the most sustainable in Dublin – comprises 58 residential rental homes and ground-floor retail space. Currently being developed by M&G Real Estate and Marlet Property Group, it is due to complete in June 2025 with Workday due to start its fit-out soon after.

Overlooking Trinity College’s city centre campus, the iconic Grafton Street and the river Liffey, College Square is accessible to over 1.5 million people within a 30-minute commute and is well served with excellent transport links.

Dublin is known as a top location for leading global technology companies due to its talent-rich workforce, presence in the European market and sustained economic growth. The city’s office market is thriving with expected office space take-up for 2024 exceeding two million square feet¹.

Martin Towns, Deputy Global Head of M&G Real Estate, says: “College Square exemplifies our global strategy for the office sector, of having state-of-the art buildings in desirable locations – such as the leading business districts within London, Paris and Seoul to attract blue-chip companies and meet their occupational needs. This is a landmark mixed-use development for Dublin, with exceptional transport links in a prominent location at the heart of the city offering occupiers and residents access to the best of Dublin’s thriving cultural hub. Workday’s letting is a significant vote of confidence in the enduring appeal of the city as Europe’s leading destination for global tech businesses. It is also testament to the market-leading sustainability credentials, amenity provision and build quality of the scheme - each of which play an important role in attracting and retaining the best of Ireland’s talent.”

Assal Yavari, VP, Real Estate, Workday, says: “Dublin is Workday's headquarters in the EMEA region, and this move to College Square signifies our commitment to further investment and growth in the country. We're excited to bring our talented Dublin teams together under one roof, where we will drive AI innovation, deepen our engagement within the Dublin technology community, and grow our European presence."

Pat Crean, CEO of Marlet Property Group, added: “We are excited to welcome Workday to College Square, marking a significant milestone for Dublin's office market. Securing Workday as a tenant for this landmark development is a testament to the quality of the College Square building and its prime location. The comprehensive amenities and sustainability features of College Square will provide an exceptional environment for Workday.”

M&G Real Estate is one of the world’s largest property investors with more than £34 billion in assets under management covering both real estate equity and debt strategies. Part of M&G plc’s £74 billion Private Markets division, M&G Real Estate provides global market insight and the ability to deliver a variety of compelling strategies to clients across the risk return spectrum.

Download a PDF of the release

Media enquiries

Rebecca Talbot

+44 (0) 7827 820428

Rebecca.talbot@mandg.com

George Greenstreet

Media Relations

+44 (0)7900 511020

george.greenstreet@mandg.com

Notes to editors

More information on College Square

This mixed use scheme will deliver highly sustainable grade A office, residential and retail space targeting a LEED Platinum certification.
In addition to super prime workspace, occupiers will benefit from access to a ground floor auditorium space, a winter garden, c.10,000 sq ft of outdoor terraces and 510 bicycle storage spaces on site.
College Square benefits from strong local and international transport connections via a one-minute and ten-minute walk respectively to the Tara St and Pearse St train stations, a two-minute walk to Trinity tram stop and a 25-minute drive to Dublin International Airport.

¹ Source: CBRE Dublin Office Market Q3 2024

OpenAbout M&G Investments and M&G Real Estate

M&G Investments is part of M&G plc, a savings and investment business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly owned international investment manager. M&G plc listed as an independent company on the London Stock Exchange in October 2019 and has £346.1 billion of assets under management (as at 31 December 2024). M&G plc has customers in the UK, Europe, the Americas and Asia, including individual savers and investors, life insurance policy holders and pension scheme members.

For nearly nine decades M&G Investments has been helping its customers to prosper by putting investments to work, which in turn creates jobs, homes and vital infrastructure in the real economy. Its investment solutions span equities, fixed income, multi asset, cash, private debt, infrastructure and real estate.

M&G plc recognises the importance of responsible investing, is a signatory (both as an asset manager and owner) to the UN-supported Principles for Responsible Investment (PRI), and is targeting net zero emissions by 2050, across our investment portfolios and operations.

M&G Real Estate is a leading financial solutions provider for global real estate investors. As part of M&G Investments’ private markets business, M&G Real Estate has a sector leading approach to responsible property management and is committed to continuously improving the sustainability performance of its funds. Globally M&G Real Estate manages more than £34 billion (as at 31 December 2024) of assets on behalf of clients, providing a range of strategies and solutions.

This press release reflects the authors’ present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.

Issued by M&G Luxembourg S.A. in the EEA, registered office 16, boulevard Royal, L-2449, Luxembourg and by M&G Investment Management Limited in the UK and outside the EEA (unless otherwise stated), registered in England and Wales under numbers 936683 with its registered office at 10 Fenchurch Avenue, London EC3M 5AG. M&G Investment Management Limited is authorised and regulated by the Financial Conduct Authority. The registered office of M&G Luxembourg S.A. is 16, boulevard Royal, L-2449, Luxembourg. M&G Real Estate Limited is registered in England and Wales under number 3852763 and is not authorised or regulated by the Financial Conduct Authority. M&G Real Estate Limited forms part of the M&G Group of companies.

M&G Securities Limited: Terms and Conditions for downloading Photographic material

1. Introduction

Welcome to the myM&G campaign landing page (the "Website"). The Website is operated by M&G Securities Limited (“M&G”, “we”, “us” or “our”). By accessing or using the Website and downloading any photographs, images, graphics, or any other visual content available for download or stored on the Website or M&G’s content management system (the “Photos”), you (“You”) represent to have read, understand and agree to comply with and be bound by these Terms and Conditions (the "Terms"), forming a binding agreement between You and us. If You do not agree to these Terms, please do not use the Website.

2. Intellectual Property Rights

All Photos available on the Website are the property of M&G or its licensors and are protected by copyright, trade mark, and other intellectual property laws. Unauthorised use of any Photos or content is strictly prohibited.

3. Permitted Use

Subject to your compliance with these Terms, M&G grants You a limited, non-exclusive, non-transferable, and revocable licence to download and use the Photos available on the Website for any purpose, except for purposes which are defamatory, derogatory, related to pornography, otherwise indecent, or involve the creation or dissemination of AI-generated “deep fake images”. Photos can only be downloaded from the hidden URL provided in the press release.

4. Additional prohibitions

You agree that You will not:

(a) modify, alter, or create derivative works from the Photos;

(b) use the Photos in any manner that infringes on the intellectual property rights of M&G or any third party;

(d) share the hidden URL with any unauthorised third party.

5. Attribution

When using the Photos, You must provide appropriate credit to M&G by including a link to our Website or mentioning the source in a manner that is reasonable and customary.

6. Disclaimer of Warranties

The Photos on the Website are provided “as is” without any warranties of any kind, either express or implied. M&G does not warrant that the Photos will be error-free or that your access to the Photos will be uninterrupted.

7. Limitation of Liability

In no event shall M&G be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of the Photos, even if M&G has been advised of the possibility of such damages. As the Photos are provided free of charge, M&G's total liability to You for any damages, losses, and causes of action shall not exceed the amount paid by You for accessing the Photos, which is nil.

8. Indemnification

You agree to indemnify and hold harmless M&G, its affiliates, and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your use of the Photos.

9. Changes to these Terms

M&G reserves the right to modify these Terms at any time. Any changes will be effective immediately upon posting on the Website. If a "click to accept" mechanism is not implemented, You will be notified of changes to the terms via email or a prominent notice displayed on the Website. Your continued use of the Website after any changes constitutes your acceptance of the new Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law principles. Any disputes arising out of or in connection with these Terms, including any questions regarding their existence, validity, or termination, shall be subject to the exclusive jurisdiction of the courts of England and Wales.

11. Contact Information

If you have any questions or concerns about these Terms, please contact us at lucy.riazi@mandg.com.

Reframing later life