07 March 2016

Tyco International plc (NYSE: TYC) today marked the opening of its new global headquarters and business services center at One Albert Quay in Cork with a ceremony for more than 400 guests.


The official launch marked a very significant day for Cork and Ireland’s business community as they turned out in their droves to get a glimpse at the Grade A office development and “Ireland’s smartest building”. The building has held the interest of the business community, the public and the media since construction began over a year ago.


In January 2014,Tyco, working in partnership with IDA Ireland, announced plans to establish a global business services centre and hire more than 500 employees over three years, to provide consistent, efficient delivery of several processes for its businesses This includes sourcing and procurement, research and development, information technology, compliance, HR and finance. Tyco is on track with its growth plan to date and all staff are now on site at our new HQ location.


In November of 2014, Tyco moved its place of incorporation to Ireland, initially locating its global headquarters in Cork, at City Gate in Mahon. This was the temporary location of its business services centre, before moving to the now completed, One Albert Quay.


Speaking about One Albert Quay, VP and General Manager of Tyco Ireland Donal Sullivan said “We are thrilled with the building, it’s a wonderful place to work and it acts as a talent magnet for Tyco and the region generally. We have deployed the best Tyco technology from around the world to make this a truly smart building. We get the opportunity to use the building as a test-bed for future development and it acts as a demonstrator location of Tyco’s offerings to our global client base.”


One Albert Quay, a prime office property developed by JCD (John Cleary Developments) brings together several technologies that reflect Tyco’s strategy to help solve broader challenges for its customers and the trend toward smart connected technologies in homes, buildings and cities. Using its Tyco On smart services platform, Tyco has integrated the control and optimisation of 12 building functions, ranging from Tyco’s core fire protection, security and asset tracking systems, to features that enhance building efficiency and the comfort and convenience of employees and visitors, such as energy-saving elevator and lighting management, HVAC maintenance and smart parking.


Speaking today, John Cleary, Managing Director of JCD said, “We are delighted to see One Albert Quay occupied and fully operational. It was a very exciting project to work on and I have to thank everyone involved in creating such a sophisticated and smart building and delivering it on time. There were so many people involved in bringing this project to completion and it really is a building that we can all be proud of. I am so delighted to have Tyco on board as the anchor tenant here in One Albert Quay. They have been a pleasure to work with from the beginning and a perfect fit.”


In January of this year, Tyco and Johnson Controls announced plans to merge and create a global leader in building products and technology, integrated solutions and energy storage. Subject to shareholder and regulatory approvals, the merger is expected to close later this year, at which time Cork and One Albert Quay would become the global headquarters for the combined company.