Bar­rett gets green light for €104m Bon­ham Quay

Irish Independent - Business Week - - COMMERCIAL PROPERTY -

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

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