Savills Ireland has been appointed by Trinity College Dublin to provide financial management and property advisory services for the ‘Trinity East’ project at Grand Canal Dock which is located within the wider area of Ireland’s first designated Innovation District known as the Grand Canal Innovation District.
The project involves the potential development of an estimated 100,000 m2 Innovation Campus at Trinity’s current site.
Upon completion, it is intended that the 5.5-acre site will deliver 40,000 m2 of academic space, 40,000 m2 of commercial space and 20,000 m2 of cultural and supporting uses, with an estimated gross development value (GDV) of €1 bn.
Savills will advise Trinity College Dublin in the initial stages of the project to include preparation of the business case, market testing, formulating and design of the procurement strategy and, if appropriate, the securing a development partner to deliver the project.
Mary Birmingham, project director, commented: 'We are very excited to be part of this project – the first of its kind in Ireland. Savills has extensive experience in the development of innovation districts in cities around the world – which we will utilise for the execution and delivery of this strategically important development for the country as a whole.'
'There is no better location in Dublin for an innovation district. Over the past 20 years, thearea has been transformed and is now home to some of the world’s most innovative companies, such as Google, Facebook and HubSpot – to name a few. The addition of the Grand Canal Innovation District further adds to the locations’ reputation as a global hub fortechnology and innovation,' said Ebba Mowat, programme manager.
Trinity East will house a major new research institute to be known as E3RI, focused on bringing together multiple disciplines – engineering, computer science, natural sciences and material science – which will work at scale to tackle some of the most challenging research problems facing enterprise and society. In addition, Trinity’s four national centres – the SFI Centres AMBER, CONNECT and ADAPT and theEI / IDA Technology Centre Learnovate – will be housed at the new campus.
