Student housing plan at Digital Hub
A student housing project and expansion of a disused grainstore near St James' Gate in Dublin is to become the biggest construction scheme in the city this year.
About 300 building jobs are being created in the 40 million euro redevelopment of property at the city's Digital Hub in the Liberties area.
When finished it will provide an extra 10,650 sq ft of enterprise office space for the inner city technology enterprise centre as well as apartments and accommodation for 470 students on Bonham Street, between the Quays and Thomas Street.
The project, by London-based investment company Knightsbridge Student Housing, will see part of the old Guinness Grainstore converted into units leased out for students at third-level colleges.
Pat Rabbitte, Minister for Communications, Energy and Natural Resources, said the area will be revitalised by the redevelopment.
"The 300 construction jobs and digital enterprises supported will contribute to the economic sustainability and the regeneration of the Liberties, one of the most iconic and historically important areas of Dublin," he said.
Bob Crompton, Knightsbridge chief executive, said: "Although we have a strong presence in four European markets, this development is our first entry into the Irish higher education sector, so it is a really exciting move for us.
"Our aim is to provide high-quality, service-led student accommodation, and we believe Dublin 8 provides a perfect location for that.
"It makes good sense to locate student housing close to a project such as The Digital Hub, where growing enterprises are constantly on the lookout for new talent."
Edel Flynn, Digital Hub Development Agency chief executive, described the development as a milestone.
"It will have a positive impact not only on our campus but on the Liberties as a whole.
"In the short term, the development will bring much-needed investment and employment to this area," she said.