Planning sought for major North Dublin office scheme
Published 06/10/2016 | 02:30
Irish development company Genvest, which is headed up by Michael Howard, has lodged planning for approximately 24,000 sq m of office accommodation in three stand-alone blocks on a site located at the junction of the M1 and M50, approximately 1.5kms from Dublin Airport.
The site is adjacent to the Clayton Hotel, which is owned by Ireland's biggest hotel group Dalata.
The scheme, which is named Capital Gate, has been designed by architects and master planners Reddy Architecture.
Extending to approximately 13 hectares, industry observers believe it has the potential to accommodate up to 100,000 sq m (1.1m sq ft) of prime suburban office accommodation.
QRE's Conor Whelan, who has advised Genvest during the process, confirmed that planning was lodged last week for phase one of Capital Gate, which comprises one block of 6,970 sq m and two blocks of 8,300 sq m.
Whelan said the design team had undertaken significant research of international business parks and that the proposed design for Capital Gate is based on Chiswick Park in London, arguably the UK's most successful suburban office scheme.
Commenting on its intentions, Genvest told the council in its planning application that the project would build on the "masterplan concepts of companies such as Google, Facebook and Yahoo".
Capital Gate will be arranged as a necklace of 13 office buildings around an inner garden with feature lake, boardwalks, pathways and variety of tree planting.
An external ring road will provide access to all buildings and each building will have an undercroft to accommodate car parking.
Development costs for phase one of the scheme are expected to be in the region of €80m.
QRE said: "The north suburbs of Dublin is currently vastly undersupplied and while there are major plans for office development in the south east of Dublin, there is virtually no quality office product in Dublin's north suburbs to accommodate large-scale corporate occupier requirements."