Mark Reynolds of Savills has confirmed that full funding (€170m) has been made available by NAMA for the development of ‘Boland’s Quay’ at the former Boland’s Mill site in Dublin’s docklands.
Last December, Mr Reynolds – the appointed receiver over the iconic Dublin site – submitted a planning application for the development of almost 30,000sq m of office space for approximately 2,300 workers, 42 apartments, shops, cafes, restaurants and a number of new public squares and plazas. The plans were approved by Dublin City Council in July.
Mr Reynolds commented;“The development of Boland’s Quay is now full steam ahead. We are delighted with NAMA’s commitment to funding its construction, as it enables us to move forward with the certainty that our plans for the site will come to fruition. This will be the most significant construction project this city has seen over the past 10 years and it has been supported by the SDZ fast-track planning scheme introduced by Dublin City Council, which has seen us bring the project from planning stages to development in less than a year.”
The scheme designed by Dublin’s leading architectural practice Burke Kennedy Doyle, is expected to take over 2 years to full completion.
The Dublin Docklands is strategically important for the Irish economy. Over the past 10 years, major global businesses – such as Google, Facebook, Yahoo and State Street Bank – have chosen the Docklands for their European HQs, creating thousands of new jobs.
Mr Reynolds concluded;
“We need to ensure that we continue to attract the biggest players in global business to Dublin – providing the quality office and residential accommodation which will be seen at Boland’s Quay is paramount to that.”