Saturday 15 December 2018

'Canary Wharf' plan for Dun Laoghaire

 

Dun Laoghaire (Stock photo)
Dun Laoghaire (Stock photo)
Dearbhail McDonald

Dearbhail McDonald

The old Ferry Terminal at Dun Laoghaire is set to be transformed into a Canary Wharf-style hub for multinational companies as well as technology, design and marine-based enterprises that could support up to 1,000 jobs.

The Sunday Independent has learned that under the proposed plans, the ferry terminal at St Michael's Pier will be redeveloped into a harbour innovation campus (HIC) and aims to be the largest co-working space in Ireland - and one of the largest in Europe.

The Dun Laoghaire Harbour Company has agreed to lease the buildings - which will comprise a total of 75,000 square feet across the former arrivals hall, departure lounge, baggage hall and ticket office buildings - to the new coastal hub.

Dublin-based businessman Philip Gannon is behind the HIC scheme, which will be home to a host of venture capital funds, mentors and business advisors as well as providing hot-desks for remote workers and budding entrepreneurs.

The innovation campus will be operational by 2018 under the plan, which is set to be unveiled later this week.

The former ferry terminal was opened more than 20 years ago to facilitate Stena's Dun Laoghaire-Holyhead ferry service.

The terminal was last used by Stena in 2015 and more recently provided space for the popular Shackleton Exhibition.

It was initially constructed primarily to provide duty free shopping and departure/arrival facilities for foot passengers using the ferry service.

The terminal building is located in the heart of the harbour area and beside the DART, town hall, yacht clubs, Dun Laoghaire Shopping Centre and hotels and restaurants.

Earlier this year, Gerry Dunne, chief executive of the Harbour Company, said the new use of the building would bring "52-week vibrancy" to the harbour instead of "the 26 weeks we have now".

Gannon could not be reached for comment about the scheme.

Sunday Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business