NAMA looking to develop major Dublin Docklands sit

Wednesday 04 June 2014 17.59
NAMA offering a 'long leasehold interest' in the 2.35-hectare site in the Dublin Docklands
NAMA offering a 'long leasehold interest' in the 2.35-hectare site in the Dublin Docklands

The National Assets Management Agency is looking for expressions of interest in a major site in the Dublin Docklands as it looks to develop the property.

NAMA is offering what it terms a 'long leasehold interest' in the 2.35-hectare site on the northside of the river Liffey.

The site is situated beside the former headquarters of Anglo Irish Bank, which is the proposed new location of the Central Bank.

It is also located within the Docklands Strategic Development Zone Planning Scheme, which was recently approved by An Bord Pleanála.

The site will be made available through the public tender process. 

There is no price tag included, but given its size and location it will likely run to several million euro.

"This is good news for the Docklands and good news for NAMA. It will introduce new investment into the area and open the door for further development in neighbouring sites," commented the agency's chief executive Brendan McDonagh. 

"There is clearly substantial interest in developing sites in the Docklands now that approval of the SDZ has brought planning certainty and we expect this will be one of the landmark developments that should see the early return of construction activity to the Dublin Docklands," he added.