DAA to go ahead with next phase of offices at Dublin Airport
The DAA is forging ahead with the next phase of its multi-million euro business park project at Dublin Airport.
It has just lodged a planning application to construct four new office blocks beside the former Aer Lingus headquarters.
The DAA has sought permission for four office blocks, ranging in height from six to seven storeys, as well as a five-storey carpark for nearly 700 cars. The development is planned on carparks that were used by Aer Lingus staff at the former HQ.
The development will include a raised pedestrian link from its central courtyard to connect to the existing Terminal 2 multistorey carpark.
The DAA intends to start construction of the first of the new office blocks early next year, with the timeline for construction of the other offices to be determined by demand.
The DAA has already redeveloped the existing former Aer Lingus building at a cost of about €10m.
ESB International, which used to be based beside the former Anglo Irish Bank headquarters on Dublin's St Stephen's Green, has agreed to lease the entire building.
There was strong interest in the office from potential clients, especially given the shortage of prime office space within the capital. The location of the DAA business campus at the airport and beside major road networks is likely to prove attractive to potential tenants.
The DAA expects the latest phase of the business campus development to involve a six to nine-month planning and tendering process.
The semi-state is again looking for Irish or multinational companies for the high-end development.
"The scale of development for the subsequent phases of this project is being considered as part of the ongoing master planning process and will ultimately be subject to the planning process with Fingal County Council and market demand," said a spokesman.
The DAA has also applied for planning permission for the partial demolition of former flight simulator building, and the installation of two new floors within the existing three-storey element of the building.
The DAA has significant capital expenditure plans underway, including the €320m it intends to spend on building a new runway at Dublin Airport.
It has also been refurbishing Terminal 1. Passenger numbers at Dublin Airport have soared since the downturn. It handled a record of over 25m passengers last year, 15pc more than in 2014.