One of the Largest, Single-Phase Developments Ever Built in Ireland, transformative Project Includes Ireland’s Tallest Residential Tower, Creating a New Urban Center.
Capital Dock is a visionary urban quarter that brings fresh cultural and commercial energy to the heart of Dublin Docklands.
Capital Dock’s distinct blend of entertainment, shopping and food will supplement a great range of existing amenities in one of Dublin’s liveliest new meeting places. Capital Dock introduces a unique, cam- pus-style working environment to Dublin city centre. Built in a single phase, the scheme enhances working life through its thoughtful balance of property types and open spaces and its pivotal positioning at the head of two transformational new Docklands bridge connections. Grade A offices, premium riverside apartments, practical conveniences and unique amenities unite with fabulous public spaces to create a dynamic, self-contained hub and destination address. The cam- pus is an integrated entity with all elements being constructed in unison and finished to the highest standard.
100, 200 and 300 Capital Dock are three LEED Gold standard of ce buildings at the heart of Dublin’s South Docklands that collectively offer 343,483 sq ft of premium of ce accommodation. In a city where accommodation is at a premium, businesses that locate in Capital Dock will have the advantage of priority access to the scheme’s 190 luxury rental apartments. As a resident of Capital Dock, one’s personal living space will be enhanced by a fabulous range of lifestyle spaces within your building.
The project is being launched by Kennedy Wilson, in a joint venture with Fairfax Financial Holdings Limited and the National Asset Management Agency (‘NAMA’).
The campus-style scheme is designed by award-winning Irish architecture rm O’Mahony Pike and Axiseng are the Building Service Engineers on the project. The development will include 345,000 sq ft of of ce space across 100, 200 and 300 Capital Dock and 190 high-quality rented residential units with waterfront views across three aspects, including a 23-storey tower marking the gateway to the city.
Capital Dock is designed to meet the needs of the many rapidly expanding international businesses based in Dublin. Positioned on Sir John Rogerson’s Quay, in the heart of Dublin’s Docklands, Capital Dock is one of the largest single phase ground up developments to be delivered in Dublin with over 660,000 sq ft of new mixed-use space.
Kennedy Wilson and its equity partners reached a new milestone with the completion of Capital Dock, one of the largest mixed-use developments ever created in Ireland, that is transforming Dublin’s South Docklands. The iconic city campus development spans 4.8 acres, providing over 690,000 square feet of new mixed-use space, including offices, retail and multifamily units, as well as more than 1.5 acres of public park space that will soon serve thousands of people.
Through the build out, approximately 1,300 construction workers were based onsite, with the development expected to support hundreds of permanent jobs when fully built. Over 200,000 tons of concrete, 15,000 tons of steel and 7,500 panes of glass were used during construction.
The community has already begun welcoming some of the biggest names in tech and nance that will serve as the foundation to energize the new campus. J.P. Morgan, a Fortune 50 bank, and the world’s #1 jobs site, Indeed, have committed to occupy all of the available of ce space, and are preparing their new offices for occupancy in 2019.
This past week, Ireland’s Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD, joined Kennedy Wilson and NAMA in the penthouse of the newly completed 22-story multifamily tower that is the country’s tallest residential building and serves as the gateway to the community.
The group marked the launch of the multifamily building and the introduction of a new standard of services and amenities to the Dublin rental market. Beginning in January 2019,the 190 multifamily units will be available to rent, with ve-star resident amenities, dedica- ted on-site concierge, resident lounges, cinema, professional gym, business suites and chef’s kitchen.
The amenities extend to the public realm, including a landscaped park and square that include designated cultural space along Grand Canal Docks. The project will also welcome new retailers in the coming year, including a flagship restaurant and bar with a terrace, a gourmet grocer and additional artisanal food and beverage offerings.
“We are so proud of what the team has accomplished here in dublin at capital dock with what’s been our largest scale development to date, and to deliver high-quality residences within such a vibrant market,” said William McMorrow, Chairman and CEO of Kennedy Wilson.
“When we began conceptualizing capital dock years ago, we envisioned creating a new heart for the docklands that brought people together in modern work spaces and beautiful outdoor areas, while raising the bar for residential rentals. to see the area come to life and our vision come to fruition is incredibly satisfying and reinforces the exciting future of the docklands and the greater dublin market.”
Speaking at the completion ceremony, Minister for Finance and Public Expenditure and Reform, Paschal Donohoe TD said, “Kennedy Wilson’s Capital Dock is a significant development, creating critically needed commercial and residential space in the growing South Docklands. The diverse Capital Dock campus fits well with Dublin’s long-term future as an innovative and successful European city, at the heart of modern Ire- land. Projects like Capital Dock are key components in increasing the supply of private, rented residential units in the city and also in attracting FDI to Ireland.”
While the completion of Capital Dock marks the end of Kennedy Wilson’s five-year development journey to bring the project to life, it is the beginning of its exciting asset management program for this landmark city campus. Kennedy Wilson and an equity partner took direct ownership of the site in mid-2013, secured zoning approvals and joined with NAMA in December 2014, a year before breaking ground on the site in November 2015 and the start of vertical construction in September 2016.
Kennedy Wilson is one of the most active real estate investors and operators in Ireland, with significant development underway across €1.0 billion of assets throughout the country, including more than 1,300 new multifamily units in various stages of development on prominent Dublin projects including Clancy Quay, The Grange and City Block 3.