Full funding in place for “Boland’s Quay” Development

Boland Quay, previously known as Boland Mill, has full funding of £170M in place.

After the approval from Dublin City Council for a £170M redevelopment of the historic Boland’s Mill site in Dublin’s docklands, Mark Reynolds of Savills has confirmed that full funding has been made available by The National Asset Management Association (NAMA).

Boland’s Mill will now be rebranded as Boland’s Quay, one of the first schemes to be undertaken through the fast-track planning system for the docklands.

The planning application, which was submitted to Dublin County Council in December 2014, is the latest to be approved since the Dublin docklands were designated a strategic development zone (SDZ).

Mr Reynolds submitted a planning application in July for the development of almost 30,000sq m of office space for approximately 2,300 workers, 42 apartments, shops, cafes restaurants and a number of new public squares and plazas.

Mr Reynolds commented: “The development of Boland’s Quay is now full steam ahead. We are delighted with NAMA’s commitment to funding its construction, as it enables us to move forward with the certainty that our plans for the site will come to fruition. This will be the most significant construction project this city has seen over the past 10 years and it has been supported by the SDZ fast-track planning scheme introduced by Dublin City Council, which has seen us bring the project from planning stages to development in less than a year.”

The Nama-backed development involves the construction of three new office and residential blocks and the restoration of the five original, but now derelict, mill buildings. The tallest building will be 14 storeys and 53 metres in height. A 15 storey block has also been planned, with a height of 47.8m. The third new building will be 13 storeys and up to 49 metres.

The scheme, which was designed by architectural practise Burke Kennedy Doyle, is expected to take over two years to complete.

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