Saturday 20 October 2018

Google completes €300m Bolands Quay purchase in city docklands

Flashback to last November when the Irish Independent revealed the tech giant’s deal
Flashback to last November when the Irish Independent revealed the tech giant’s deal

Ronald Quinlan Commercial Property Editor

GOOGLE has completed its acquisition of the entire Bolands Quay scheme in Dublin's docklands. The sale of the development at a total cost of approximately €300m follows months of negotiations with Nama-appointed receiver Savills Ireland.

While the deal's conclusion was confirmed in a joint statement issued by the parties yesterday afternoon, the news will come as no surprise to readers of the Irish Independent. On November 16 last, this newspaper exclusively revealed Google's intention to buy the Bolands Quay scheme.

Upon completion, the development will include three new landmark buildings, with the tallest rising to 53m (173 ft).

There will also be a 15-storey apartment block rising to 47.8m (157 ft) and a 13-storey office block of 49m (161 ft).

Capable of accommodating 2,500 workers, the scheme will comprise 36,851 sq m of office, residential, retail and cultural space.

Irish Independent

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