Tyco HQ move to ‘smartest’ building in Ireland a major vote of confidence
Almost 400 people, including Tyco chief executive George Oliver and several senior executives who jetted in from the US, attended the official opening yesterday of the firm’s new offices across three floors at the hi-tech One Albert Quay complex in Cork City.
The building, built over the last 18 months by John Cleary Developments (JCD), sets the benchmark for future office development in the city, guests were told.
With plans lodged recently for a similar office block twice its size nearby, the combined effect of both was described as a catalyst for the development of the city’s docklands.
It is understood the IDA is already in talks with another company seeking up to 150,000 sq ft of similar hi-tech office space in the city within the next two years.
Tyco, which received 10,000 applications for its first recruitment drive for the Cork operation, will employ 500 people there working in sourcing, procurement, research, development, information technology, compliance, HR, and finance.
It comes just eight years after Tyco, which acquired Sensormatic in 2001, downsized its assembly operations in Cork. Following a global review, the decision to relocate its global base from Switzerland to Cork was announced in January 2014.
Agriculture Minister Simon Coveney praised Tyco’s Irish management team, led by Donal Sullivan, for their ambition and vision. He also praised JCD for delivering a building tailored to Tyco’s needs.
“It is a huge statement from Cork on where the city is going. Facilities like this are attracting new companies like Tyco, which will ensure the city grows outwards, and which will provide a real counterpoint to Dublin for development,” said Mr Coveney.
Mr Sullivan said they are thrilled with the building, which will act as a “talent magnet”. The €60m building has been embedded with Tyco’s protection, security, and asset-tracking systems, and features solar panels, rain harvesting, smart parking, energy-saving lift, and lighting systems.
Ireland's 'smartest' office block. @TycoSecProTech's impressive global HQ #OneAlbertQauy which opened today in #Cork pic.twitter.com/9VhgmQDfQ5
— Eoin English (@EoinBearla) March 7, 2016
Daryll Fogal of Tyco said it will serve as a technology template for its other operations around the world.
“We’re trying to find the best people and we’re finding them in Cork. But once you hire those people they have an expectation of what their life’s going to be like at work and we think this exemplifies that” he said.
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