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A MAJOR SITE that could accommodate up to 500,000 square feet of office and retail space and 160 new homes in Dublin’s Docklands is up for sale.
The National Asset Management Agency (NAMA) has invited interested parties to acquire a long leasehold interest in the key 2.35 hectare site.
The site is situated right next door to the half-built proposed new Anglo Irish Bank Headquarters. That site is currently earmarked for the new headquarters of the Central Bank of Ireland.
The site on the North Wall Quay accounts for 15 per cent of NAMA-linked undeveloped land in the docklands.
The party successful in accquiring the leasehold will have the right to develop, manage and realise the site, with NAMA retaining the freehold interested, which will generate and “maximise its return via a ground rent structure,” they said.
NAMA Chief Executive Brendan McDonagh said this is ”good news” for the Docklands and good news for NAMA.
It will introduce new investment into the area and open the door for further development in neighbouring sites.There is clearly substantial interest in developing sites in the Docklands now that approval of the SDZ has brought planning certainty and we expect this will be one of the landmark developments that should see the early return of construction activity to the Dublin Docklands.
It is envisaged that the completed development will be similar in size to the commercial footprint of the Spencer Dock development, which includes the Convention Centre.
NAMA will play a number of roles in the Docklands in the coming years, including releasing sites for investors to develop and providing direct funding to debtors and receivers to support commercial and residential development.
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More office and retail space…….but only 160 homes. Where are all these workers supposed to live? Another retail space is not something the city is screaming out for, nor that of an office. Somebody needs to get a handle on things.
Passed by idiots, they haven’t gone away you know!
George, that’s a lot of homes for a site that size. They’ll be packed in like sardines. Is that really how you want people to live?
Don’t think you read my comment properly…..I think I’m on your side with this one……though you say it’s a lot of homes ? But packed in like sardines….don’t quite understand what you mean here…..
CHQ is 90% empty and it’s 4 mins walk away, so is the point village, and the offices just before it, it should be 90% residential at this stage IMO.
This site should be sold with a covenant that it must be developed within a certain timeframe.
That’s job creation.
Great! That’s just what we need, more overpriced dog box 1 bed apartments.
Excellent. The northside docklands need development to keep expanding. It would be neat if they could *widen* the development though. It’s like a little colony down there. Walk one or two streets over and it’s a whole different city.
Developments are being restricted to one and a half storey’s in height, so as not to ruin the aesthetic of this beautiful part of the city.
Start building high rises consisting of office space and spacious homes in this area designated as a SDZ it would transform the docklands into a vibrant central business district for Dublin
Half a million square feet of commercial space and only 160 Jones! This is clearly designed to keep the prices artificially high the council should not approve this development
Jones? I meant homes
Freudian slip but your first comment still makes sense:
And while we are at it – leave the Anglo shell the way it is to remind us how nasty a lot of people became and then crippled the country.
It seems like the collective are beginning to forget!
Also to remind us of the debt of others that we are paying. And by paying, we have to borrow money at interest to pay for these debts.
If the public knew what I know about building standards, property prices would be in serious trouble.
It’s the proposed new Central Bank HQ.
have your say