The expansion plans will create 330 new jobs over the next three years, with potential for further growth in the longer term. The company will build a new eco-friendly office campus near its current location in Letterkenny, County Donegal to accommodate the expansion.
Pramerica is a professional shared services and technology subsidiary of U.S.-based Prudential Financial, Inc. (PFI).
"Pramerica is delighted that we have reached this historic milestone just 15 short years since we launched our business in Letterkenny with eight employees," said Caroline Faulkner, senior managing director and chief information officer at Pramerica Systems Ireland. "With Ireland's rich pipeline of talent and favourable work environment, now is the ideal time for us to make an investment in a new campus facility."
-- Advertisement --
The new site is approximately one kilometre from Pramerica’s existing facility in Windy Hall, within the same business park. The first of two construction phases will begin during Q4 of 2015 and will be completed by summer 2017. Occupancy of the 135,000-square-foot facility, which could eventually accommodate up to 1,800 staff members, is tentatively scheduled to open in mid-2016.
The new campus will offer parking for more than 1,000 vehicles, landscaped and green areas for staff recreation and many other amenities. The building will incorporate green technologies for electricity generation and rain water harvesting to reduce its overall impact on the environment. The construction project will be managed by Pramerica and delivered by Extraspace Solutions in a modular fashion to shorten construction time, improve building performance and reduce construction costs.
(CD)
