120 new jobs will be created by tech company Xanadu at their Blackpool office in Cork as a result of a major surge in demand for its online IT support services for the gaming industry. The expansion, officially announced by An Taoiseach Enda Kenny last Friday, will see Xanadu who currently employs over 100 staff more than double. While in Cork, An Taoiseach turned the sod to mark construction of a 200,000sq.ft office block at Albert Quay. The €50 million euro project will play a significant role in meeting the high demand for office space in the city centre.

Already, specialist security company Tyco has secured space in the Albert Quay development to house their new global headquarters and the city centre location is seen as a crucial competitive advantage for Tyco in filling the 500 roles announced earlier in the year.