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How’s the Market? April 2017

Posted by Fergal Hynes on 13/04/2017
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€100m Docks development to create 500 construction jobs

Plans have been drawn up for a €100 million ‘urban quarter’ at Galway Docks – which will create 500 construction jobs and office space for 2,600 workers.

The ‘Bonham Quay’ regeneration project will open up an entirely new area of the city’s waterfront and satisfy urgent calls from the IDA for high-spec city centre office space to attract Foreign Direct Investment.

Well-known Galway developer Gerry Barrett has lodged plans with the City Council for 26,000 square metres of ‘Grade A’ office space in four blocks on the two-acre former Topaz oil tanks site at the Docks. It will also offer 2,000 square metres of retail space and restaurants offering views over the Docks and Galway Bay.

The project is backed by his Edward Capital company, and will cost €104m to build. According to a spokesperson for the company, the development has the potential to create 500 construction jobs and will provide space for 2,600 workers – satisfying pent-up demand from some multinationals who are waiting for city centre offices.

Bonham Quay is a new departure for Galway. The creation of a new urban quarter will stimulate significant employment in Galway city and its environs and will have a ripple impact in the broader national economy. It will offer significant opportunities for Galway and its surrounding areas post-Brexit with ease of access to both Dublin and Shannon Airports. The quality of lifestyle in Galway is also sure to be a huge attraction for Foreign Direct Investment and their employees.

For more on this story see The Galway Advertiser or The Irish Times.

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