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Displaying items by tag: Expressions Sought

#dublinbay - New expressions of interest will be sought by Dún Laoghaire-Rathdown County Council for the former Stena Line ferry terminal site after a €20 million plan to convert it into a technology hub stalled late last year.

“Dún Laoghaire-Rathdown will be seeking expressions of interest for the development of the ferry terminal building in the next few weeks. Information sought will include production of a robust business plan and adequate proof of funding for the first three years of the project,” a spokeswoman for the local authority told The Irish Times.

The council is seeking expressions from consortiums, businesses, commercial interests, entrepreneurs or other individuals who will “develop and manage the property and offer space to the business sector while providing a positive economic impact for Dún Laoghaire town”.

Estate agent Lisney has been appointed to find an occupier. The building has a 10-year planning permission with an option to extend for a further period of five years.

Investor Philip Gannon had been leading a plan to transform the empty terminal into a 7,000 square metre digital hub, but last October pulled out of the project. Mr Gannon terminated his lease on the site after issues emerged over the lack of a foreshore licence needed to develop the property correctly.

The technology investor Ian Lucey had also been involved in the project to develop the terminal, but relations between him and Mr Gannon broke down some time ago. Mr Lucey has expressed an interest in continuing to be involved in the development if possible.

For much more on The Irish Times story, click here. 

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