Joint receivers Mark Reynolds and Glenn Cran of Savills have formed an executive development platform to manage the Boland’s Quay project in Dublin’s Docklands.
The ‘Boland’s Quay Development Group’ (BQDG) is a collaboration of Savills and property development consultancy, Cleary McCabe & Associates.
Michael Cleary of Cleary McCabe & Associates has been appointed Development Director of the Group and will report directly to the NAMA appointed receivers, Mark Reynolds and Glenn Cran.
Commenting on the appointment, Mr Cleary said; “I’m delighted that Cleary McCabe & Associates has been appointed to work on the iconic Boland’s Quay project. Our extensive experience in the development sector will enable us to direct, support and promote the successful delivery of this major scheme. We firmly believe that this project will become a landmark development in the resurgent Dublin Docklands area.”
Boland’s Quay will provide 3 new landmark buildings comprising approximately 36,851 sq. m (approx. 397,000 sq ft) of office, residential, retail and cultural space. The development will also involve the restoration of a number of protected mill buildings and the development of a new civic plaza looking onto the waterfront at Grand Canal Dock. On completion, Boland’s Quay will accommodate up to 2,500 workers.
Planning permission for the new development was submitted through Dublin City Council’s fast track SDZ planning scheme in December 2014 and permission was granted in July 2015. Demolition works are now underway and the construction phase – which is due to be completed in 2018 – will commence shortly.