Global property investment company Kennedy Wilson and privately held real estate investment firm Cain International have announced details of the construction of one of the country's most sustainable commercial developments at Coopers Cross, Dublin's newest urban quarter in the North Docks.
The project will deliver 395,000 sq ft of prime Grade A commercial space.
It will be constructed in a major single-phase contract, which has been agreed with John Sisk & Son, and which is set to be delivered in 2023.
The development will deliver the largest outdoor public park in the North Docks and some of the most sustainable buildings in Dublin.
Designed by Irish architects Henry J Lyons, the office-led blocks will sit across two buildings of 295,000 sq ft and 100,000 sq ft respectively, with the smaller building targeted for delivery by early 2023 and the larger by end of that year.
The buildings will include retail and amenity uses, with up to seven stories over basement level and are designed for maximum efficiency and flexibility, with floorplates ranging from 10,000 sq ft to 46,000 sq ft.
As part of the wider six-acre mixed use Coopers Cross campus, a major focus has been placed on public green spaces.
One acre of extensive landscaping and the largest outdoor public park in the North Docks will connect the commercial space with the Coopers Cross residential development of 472 new apartment units and related resident amenities.
Ali Rohan, Head of Ireland at Kennedy Wilson Europe, said that the last year has seen an acceleration of trends which were already well underway in office delivery.
She said that offices are now being designed as amenity rich, efficient, and flexible places where people look forward to working and socialising with colleagues.
"Coopers Cross will deliver all the key elements required to address the changing needs of occupiers and their staff, while providing amenities for the local community to enjoy," she added.
Peter Collins, President at Kennedy Wilson Europe, said the company continues to believe in Dublin as a city with outstanding growth prospects, demonstrated by some high-profile job announcements in recent months.
"Its attractive fundamentals of a young, well educated workforce, top educational institutions, and robust foreign direct investment position it as a city of the future, giving us confidence in its long-term growth," he added.