Savills has confirmed that €170m has been made available by Nama for the development of Boland’s Quay, located at the former Boland’s Mill site in Dublin’s Docklands.
Mark Reynolds – the appointed receiver over the site – submitted a planning application for the development of almost 30,000 sq. m of office space for approximately 2,300 workers, 42 apartments, shops, cafes, restaurants and a number of new public squares and plazas last December.
Reynolds commented: “The development of Boland’s Quay is now full steam ahead. We are delighted with Nama’s commitment to funding its construction, as it enables us to move forward with the certainty that our plans for the site will come to fruition. This will be the most significant construction project this city has seen over the past 10 years and it has been supported by the SDZ fast-track planning scheme introduced by Dublin City Council, which has seen us bring the project from planning stages to development in less than a year.”
The scheme designed by Dublin’s leading architectural practice Burke Kennedy Doyle and is expected to take over two years to complete.