Google is set to snap up quay scheme
Google's acquisition of the entire Boland's Quay scheme in Dublin's docklands has moved a step closer to completion.
It's understood heads of terms for the deal have been agreed between the US tech giant and Nama-appointed receiver Savills Ireland, which is currently presiding over the development of the €170m project by BAM Ireland.
While both Google and Savills declined to comment on the matter, the expected completion of the sale will represent the company's most significant investment in the Dublin property market to date.
Upon completion, Boland's Quay will include three new landmark buildings, with the tallest rising to 53 metres (173 ft). There will also be a 15-storey apartment block rising to 47.8 metres (157 ft) and a 13-storey office block of 49 metres (161 ft). Capable of accommodating 2,500 workers, the scheme will comprise some 36,851 sq m of office, residential, retail and cultural space.