DTZ

DTZ Sherry FitzGerald acquires new offices for Yahoo!

Overview

Property Location: Pinnacle 1, East Point Business Park, Dublin 3, Ireland.

The Challenge we faced

• Yahoo! appointed DTZ to advise on the acquisition of office accommodation to relocate their Irish base
• Yahoo! needed a modern building in an accessible location and at a lower rent than they were paying for the existing space.

What DTZ did

We provided Yahoo! with;

• Established expertise in tenant rep advice
• Points of contact in Ireland, UK and US
• Market knowledge helping to secure optimum returns
• Full project management service provided for tenant fit out.

Results

• DTZ in Dublin, London and Palo Alto worked closely to bring the project to fruition
• Advice provided on optimum location balancing accessibility, profile and facilities in locality
• Options report provided followed by detailed evaluation process
• Negotiated lease on 39,000 sq ft with multiple break dates and a watered down reinstatement clause.