Wednesday 4 October 2017

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Diageo is seeking a development partner to transform its iconic St James’s Gate site. 12.6 acres of the site will become a mixed-use development, the St James’s Gate Quarter. It will include residential, office and commercial space. The company plans to retain ownership of a number of key buildings in the quarter. The tender process will be managed by Deloitte Real Estate and is expected to take 18 months. “Our aim is to repurpose some of the wonderful old vat houses, cooperages, and brewhouses, where Guinness was originally built, and to transform them into incredible spaces for a new generation of entrepreneurs, residents, visitors, dreamers and doers,” said Diageo Ireland country director Oliver Loomes. As many as 500 homes will be included in the development, which is also set to include  63,000 sq m of office space, 5,000 square metres retail space and 22,000 square metres for hotel and leisure facilities. The proposals are  underpinned by the Dublin City Development Plan and the Liberties Local Area Plan Diageo recently invested  €16 million in the Guinness Storehouse, the most popular tourist attraction in Ireland.