Around 500 construction jobs will be created following the selection of BAM Ireland as the builders of the new Bolands Quay development in Dublin.
The development will eventually have around 400,000 square foot of office space in three separate buildings.
It is expected that the office space will be ready in the final months of next year.
Enabling works were recently completed on the project which is being funded by Nama.
The development will also involve the restoration of a number of protected mill buildings and the creation of a new plaza at Grand Canal Dock. A new pedestrian bridge will link the plaza to Ringsend Road.
BAM Ireland was selected by property consultancy firm Savills and Cleary McCabe, who are collaborating on the redevelopment on the site having been selected to lead the redevelopment by Nama.
The development was designed by Dublin architects Burke, Kennedy, Doyle. Consultants Linesight and Arup have been retained to oversee the implementation
It is estimated that once the project is completed, the new Bolands site will have capacity for around 2,500 jobs.
Planning permission was submitted through Dublin City Council’s fast-track SDZ planning scheme in December 2014 and permission was granted in July 2015.
“We are delighted to have BAM Ireland on board to construct what will become a landmark commercial and residential development in the resurgent Dublin Docklands area,” said Mark Reynolds of Savills.
BAM Ireland ceo Theo Cullinane said: “Ireland needs world-class office buildings to attract international investment and BAM is uniquely positioned in terms of experience and expertise to deliver the landmark projects the country needs to compete on the world stage.”
BAM Ireland is a subsidiary of the Royal BAM Group. The company employs around 23,000 people worldwide and reported revenues of €6.9bn in its most recent annual accounts. The site was bought by developer Sean Kelly for €42m during the boom, with plans to build apartments, offices and retail unit on the 1.7-acre site.
However, the downturn put a halt to the scheme and Nama appointed Savills as receivers to Kelly’s company, Versus, in February 2012.
Mr Kelly was declared bankrupt by the High Court in London in 2014.
The site is often mistakenly assumed to be where Éamon de Valera led a battalion during the 1916 Rising. However, that nearby site was redeveloped as the Treasury Building and is now home to the National Treasury Management Agency.
Source: Irish Independent