Dublin prepares for possible London Brexit office exodus
The cities in the European Union most often mentioned as being likely to benefit from a move of financial services activities and jobs out of London for Brexit EU-passporting reasons are Frankfurt and Paris, but Amsterdam, Berlin, Brussels, Dublin, Luxembourg, Stockholm and Warsaw are also in the frame. Initial thoughts were that large numbers of work/job redeployments could be involved but it now seems more likely that only small teams may be moved. Much depends on the shape of the eventual Brexit deal.
Some firms are looking favourably at Dublin’s attributes of having the same language, time zone, culture, regulatory framework, rule of law and transparency, and way of doing business.
Office development activity in Dublin in recent years has been connected more with Ireland’s recovery from the global financial crisis and the euro zone sovereign debt crisis. There is little doubt, however, that there would be an adequate supply of class A office space if there were a