Barrett gets green light for €104m Bonham Quay
Mr Barrett said he expects there to be significant opportunities for Galway and its surrounding areas post-Brexit given the city’s ease of access to both Dublin and Shannon Airports.
He said: “The reaction from the market has been very encouraging and we have already had strong interest from UKbased firms wishing to relocate to cities like Galway.
“The quality of lifestyle in Galway is also sure to be a huge attraction for foreign direct investment and their employees”.
Edward Capital has retained major international architect-led design practice BDP as architects for the project, BDP continue to design and deliver many major workplace schemes across Ireland, the UK and internationally for clients such as Google.
Agents Cushman & Wakefield have been engaged by Mr Barrett to ensure that Bonham Quay is aggressively marketed both nationally and internationally.
Given the shortage of supply of modern floor plate offices that are flexible enough to cater for sophisticated multinational occupiers, the agents believe that the proposed development will see strong interest from existing and prospective occupiers.
Cushman & Wakefield believe this development given its superb City Centre location, high-calibre design and flexibility in terms of layout will attract strong interest from existing and new occupiers to the Galway market.
Bonham Quay Development will finally deliver new office space in an area that has seen demand outstripping supply in recent years.
Galway City Council’s approval of the project is welcome news for Mr Barrett and for Edward Capital.
The developer is currently locked in a bidding battle with his biggest creditor, Deutsche Bank, for a number of his major assets, including the five-star G Hotel, after they were placed in examinership.
An artist’s impression of the proposed Bonham Quay scheme which will overlook Galway Docks