The site was granted planning permission in July 2015 and since then, the National Asset Management Agency (NAMA) has provided funding for demolition and enabling works.
In December 2016, NAMA agreed to provide funding to Mark Reynolds of Savills – the NAMA-appointed receiver to the Bolands Quay development project – to build the entire scheme in one phase.
Google has agreed to acquire the entire Bolands Quay campus, which will be linked to Google’s EMEA HQ on Barrow Street via walking routes through the site.
- DFT Roundtable: Mezzanine finance, joint ventures and equity
- Google to build 10-storey HQ in King's Cross
- Construction begins on major Dublin office development
Bolands Quay will comprise 28,000 sqm of office space, 46 apartments, cafes and cultural space.
Google will retain the office accommodation for its own use and will appoint a commercial letting agent to manage the letting of the remaining commercial premises and apartments.
“NAMA is pleased at the progress which has been made in developing this landmark site, which will bring much-needed office, retail and residential accommodation to the city,” said Brendan McDonagh, chief executive at NAMA.
“The acquisition of Bolands Quay by Google is a significant vote of confidence in the Irish economy and in the future of its operations here and NAMA is very pleased to have been part of this successful outcome for all parties.”