NAMA to Make the Docklands the Centre of New Construction Activity
Explosion of construction activity now being planned
There have been no new offices developed in Dublin over the last five years. Recently, there has been an explosion of construction activity now being planned by various parties. The biggest of these by far, is by the National Asset Management Agency (NAMA) in the Dublin Docklands, where there has been interest in 75 per cent of the 22 hectares available foe development. The area has been designated by the Government as a strategic development zone (SDZ).
The potential development area is twice the size of the IFSC. It will comprise 350,000 square metres of new commercial space and 2,600 high-spec residential units. It will also involve two new pedestrian bridges across the Liffey to link the north and south side of the docks, and additional public transport links.
While it will be some time before cranes begin to dot the docklands landscape, Nama has already provided funding to key infrastructure projects. This includes a €10 million loan to Dublin City Council for a new pedestrian bridge across the Liffey, close to the Conference Centre Dublin, and a €26 million facility to Irish Water for sewerage and waste water works to ensure there is sufficient capacity available north of the river when the new blocks are finished out.
To read more on this Irish Times article click here.