tech market

Dublin to overtake London as Europe’s IT capital? Maybe…

Dublin is a small town compared to the vast metropolis of London. But when it comes to IT real estate, things are considerably closer than you might expect. The Irish Independent cites a Colliers International report which claims that the tech market in Dublin has been so successful in securing corporate property deals that it’s now close to overtaking the tech real estate market in London.

Between 2008 and 2012 alone, major US technology companies invested €95 billion in Ireland. This is approximately the same amount as they invested across all of developing Asia.

‘Tech firms are saying that Dublin offers them young and fresh talent in abundance,’ said Paul Finucane, director at Colliers International. ‘The city has also proved its ability to attract talent from abroad, with 55 per cent of the positions in the information and communications sectors coming from abroad to work in Dublin.

‘Now Dublin is hot on the heels of London for the title of Europe’s Silicon Valley.’

The Colliers report also posited Ireland as the fastest-growing country in Europe for data centre operators.

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