Facebook is checking out of its offices at Grand Canal Dock in Dublin. Over the next three years, the social media giant will move two thousand workers to a new campus in Ballsbridge, currently occupied by AIB.
The 14 acre site means the company will have room to take on up to five thousand extra staff. Facebook plans could see it create an extra 5,000 jobs in Dublin.
The social media company has acquired a long-term lease for a new campus in Ballsbridge. The site sits at the premises known as the Bank Centre, which is currently occupied by AIB.
Facebook will take up 870,000 sq. feet of space there, allowing it to add 5,000 employees to its workforce. The social media company says Ireland is one of the best places in the world to be a tech company and that this long-term lease shows it's commitment to the country.
The Business Minister Heather Humphreys has welcomed the news, saying Facebook's expansion is a huge vote of confidence in Ireland. In a statement, the company says:
"Ireland is critically important to Facebook and plays a central role in its global operations as home to over 60 teams including engineers, safety experts, legal professionals, policy experts, marketing and sales teams covering many facets of the social network.
"A number of global and regional teams are run out of Ireland including the global gaming team, and the team that helps small, medium sized business across Europe, Middle East and Africa (EMEA) connect with customers."
Gareth Lambe is head of Facebook Ireland.
"Ireland is one of the best places in the world to be a technology company and we're investing here for the long term.
"By the end of the year we'll employ more than 4,000 people across four sites in Ireland working on our family of apps including Facebook, Instagram, Whats App and Oculus.
"This significant investment in a 14-acre campus with capacity for thousands more employees demonstrates our commitment to Ireland, our desire to grow our business here and continue to contribute to the economy."