JV for NAMA and Kennedy Wilson
Kennedy Wilson and NAMA have formed a joint venture arrangement to develop a project of significant importance on Sir John Rogerson’s Quay in Dublin 2.
The project will be a mix of offices and residential. Extending to over 4.8 acres, the Capital Dock development is one of the largest undeveloped sites in the Dublin Central Business District and will aim to deliver over 600,000 sq ft of new space at this prime waterfront location.
It will include 313,000 sq ft of office space across three buildings and 204 high quality residential units across two buildings, one of which will incorporate a 19-storey tower.
The proposed development, which is bounded by water on two sides, places a significant emphasis on public space with a new 1.5-acre landscaped public park and square, designated cultural space and a significant retail/leisure offering.
The site assembly was finalised at the end of 2014 following the completion of a joint venture arrangement between Kennedy Wilson and Nama.
“Our new development at Capital Dock will be the standard bearer for integrated office and residential development,” said Peter Collins, managing director, Kennedy Wilson Europe.
“The scale and layout of the site will enable us to offer larger floor plate office buildings but with a high degree of flexibility. Coupled with the water views on two sides and the level of public amenities being developed Capital Dock should prove very attractive to office users looking to locate in South Docklands. This development will have a transformative effect, not only on the skyline of the Dublin Docklands, but on the public social, cultural and business realm in this part of the city.”
CEO of Nama Brendan McDonagh added: “Nama is delighted to participate in a joint venture with Kennedy Wilson, a leading international firm that has made a big commitment to Ireland, in respect of this key strategic South Docklands Dublin site.”