Business Technology

Sunday 22 July 2018

New data centre plan for Gallagher site

 

'A separate data centre development by Clyde in the Blanchardstown area, B10, was recently sold by the group to a Singapore-based REIT that specialises in data centres.' Stock photo: Getty
'A separate data centre development by Clyde in the Blanchardstown area, B10, was recently sold by the group to a Singapore-based REIT that specialises in data centres.' Stock photo: Getty

Fearghal O'Connor

Global data centre provider Equinix is planning to build three data centres at a huge former industrial building in Blanchardstown owned by entrepreneur Sean Gallagher's property group.

The Californian internet infrastructure giant, which already operates four data centres in Ireland, applied to Fingal County Council for permission to build an almost 210,000 square foot development at the former Alcatel-Lucent complex, now known as Clyde House.

It comprises three separate "data hall buildings", partly powered by an array of solar panels.

Gallagher's commercial property group, Clyde Retail Estate, which purchased the 300,000 square foot building, has separately applied to demolish a large portion of the existing complex.

When contacted, Gallagher, who is a columnist for this newspaper, a former presidential candidate and former investor on RTÉ's Dragon's Den, confirmed that Equinix had lodged a planning application for the site but said he was not in a position to comment further at this time.

In 2015, Gallagher and business partner Colm Piercy raised €25m to buy commercial property. It is understood that the amount since invested has increased substantially and Clyde has been very active in suburban and regional locations.

A separate data centre development by Clyde in the Blanchardstown area, B10, was recently sold by the group to a Singapore-based REIT that specialises in data centres. Clyde also owns an office building adjacent to the nearby Blanchardstown Institute of Technology.

Other properties owned by Clyde around the country includes a facility used for R&D by Intel in Shannon, and the 30-acre former Braun facility in Carlow town, for which Clyde is understood to be currently developing a master plan.

Sunday Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business