Sunday 20 May 2018

Ballymore Group scores hat-trick in Dublin and London docklands

Ballymore Group senior executives Linda Mulryan, Robert Mulryan, and John Mulryan, group MD, at the Property Week Awards
Ballymore Group senior executives Linda Mulryan, Robert Mulryan, and John Mulryan, group MD, at the Property Week Awards
Ronald Quinlan

Ronald Quinlan

Developer Sean Mulryan's Ballymore Group enjoyed something of a hat-trick last week here at home and in the UK.

Having picked up two gongs at the prestigious Property Week awards on Tuesday night, Ballymore was out of the blocks early the following morning to announce that it had signed up world-leading providers of flexible working space, WeWork, as a tenant at its Dublin Landings scheme in the Dublin docklands.

Recognising the Irish developer's contribution to the regeneration and transformation of London's own docklands, Property Week has crowned Ballymore 'developer of the year' and given it the 'placemaking award' for its hugely ambitious scheme at London City Island.

Ballymore's success in signing WeWork up at No 2 Dublin Landings, meanwhile, will see the company leasing almost 10,000 sq m (107,639 sq ft) of commercial office space at the development. WeWork is expected to move into the building by this October.

The deal follows on from the recent sale of the first of the blocks at Dublin Landings for €164m to German institutional investor Triuva. No 1, The Landings attracted 10 bidders - one Irish, four European, one Middle Eastern and four Asian.

Located adjacent to the new headquarters of the Central Bank of Ireland and the new head office of the National Treasury Management Agency (NTMA) at North Wall Quay, the overall Dublin Landings development extends to 93,000 sq m (1,001,043 sq ft).

Upon completion, the site will comprise 270 apartments, 2,000 sq m (21,527 sq ft) of office space, restaurants, bars, retail, and landscaped gardens.

Some 6,000 people are expected to work and live in Dublin Landings once it is finished.

Sunday Independent

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