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15th Dec 2017

This part of Dublin is getting a €1.2 BILLION makeover

This sounds great

Olivia Hayes

This sounds fab!

A new development is being planned for Dublin’s Spencer’s Dock.

It was announced that New York real estate investors Colony Northstar Inc is planning the new project which is valued at $1.2 billion (€1.02 billion).

According to Bloomberg, Colony Northstar Inc will build four office buildings in the area as well a hotel, shops and homes.

Image result for spencers dock

Irish developer Johnny Ronan is also involved in the venture, with director Stefan Jaeger telling Bloomberg: “Even if you have very minor Brexit moves of 500 or 1,000 people from individual banks, that has a huge impact in Dublin because there currently is a shortage of space.

“Dublin will be a major beneficiary and this development is in a prime position to take advantage of that.”

It is said the first buildings will be completed by 2020.