Monday 22 October 2018

Diageo advances plan to develop Dublin site

Ollie Loomes, country director of Diageo Ireland, at St James’s Gate in Dublin. Photo: Frank McGrath
Ollie Loomes, country director of Diageo Ireland, at St James’s Gate in Dublin. Photo: Frank McGrath
Gavin McLoughlin

Gavin McLoughlin

Guinness owner Diageo has received strong interest as it seeks a partner to redevelop large swathes of the area around the St James's Gate brewery.

The Sunday Independent understands the process has seen initial interested parties whittled down to six potential partners: Apollo, Lone Star, Oxley, Hines, Delancey, and U&I.

Diageo declined to comment when contacted.

Last week, Diageo's country director for Ireland, Ollie Loomes, told this newspaper that the plan, which will see 12.6 acres around the brewery redeveloped, "is not a money-making exercise for Diageo".

He added: "We're not popping up a 'For Sale' sign and selling, we're looking to partner with a world-class property partner to do something wonderful.

"I'm imagining a mixed-use area with residential, with leisure, with commercial, etc and that mix of wonderful old buildings, vat houses and brew houses.

"It really can be a very vibrant part of town," Loomes said.

"We think it will take something like 12 to 18 months to find a property partner who's got the same level of ambition and vision."

Hines, Delancey, U&I, and Lone Star declined to comment. Apollo and Oxley did not respond to a request for comment.

Sunday Indo Business

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