Multinational company with Kilkenny office to increase Irish presence

State Street, one of the world’s largest providers of financial services and investment solutions has announced its signing of a multi-year lease, commencing in Q3 2027, for a new office in Dublin, Ireland at 2 Grand Canal Quay (2GCQ).

State Street said the long-term investment reflects its continued commitment to Ireland and marks an important milestone as it approaches 30 years in the Irish market.

The company first established its Irish operations in 1996 and has grown to become one of the largest international financial services employers in Ireland.

The firm maintains a strong presence in Ireland, having announced the establishment of a global cybersecurity centre in Kilkenny in 2024, which supports the needs of its employees in over 200 geographic markets worldwide.

2GCQ is described as one of Dublin’s tallest and most modern office buildings combining architectural and design excellence with a centrally located and highly collaborative workspace.

Developed by Island Capital, this state-of-the-art office environment is said to combine in-built energy-efficiency and proximity to public transport (including DART, rail and bus) representing a sustainable, future-ready workspace.

State Street will occupy 80,000 in 2GCQ in what is expected to be one of Dublin’s largest commercial real estate deals this year. The firm will occupy levels 4 to 10 on the building, including an impressive terrace on level 10.

“State Street is delighted to commit to a new Ireland HQ and an office environment that we believe will be a standard bearer for sustainability and collaborative working,” said Terri Dempsey, Ireland Country Head for State Street.

“Ireland and State Street have mutually benefitted from almost 30 years of cooperation, growth and innovation and with this agreement we’re setting our long-term commitment to the region in stone.”

“State Street’s continuing investment reflects the depth of the financial and technology talent available to support our continued growth and innovation,” she added.

Together with State Street Investment Management, State Street’s asset management business, the firm has grown over the years to become one of the largest international financial services employers in Ireland, with over 2,000 members of staff across the country.

“We remain grateful to successive Irish governments for supportive policies that have seen Ireland prosper as a leading financial services centre for the multi-trillion dollar global funds’ industry,” explains Ann Prendergast, Head of EMEA for State Street Investment Management.

“Regulation that’s consistent with international standards and allows businesses to innovate while ensuring that consumer rights are protected is a key element that informed out long-term commitment to the region.”

“Against this backdrop, the future is bright for us in Ireland and we look forward to working alongside our local partners and continuing to support our clients in the region for years to come,” she concluded.