It was announced today that following a public procurement process, Savills Ireland has been appointed by Trinity College Dublin to provide financial management and property advisory services for the ‘Trinity East’ project.
The project involves the potential development of an estimated 100,000 sq m Innovation Campus at Trinity’s current site at Grand Canal Dock which is, in turn, located within the wider area of Ireland’s first designated Innovation District known as the Grand Canal Innovation District.
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 aims to work at scale to tackle some of the most challenging research problems facing enterprise and society.
Furthermore, Trinity’s four national centres – the SFI Centres AMBER, CONNECT and ADAPT and the EI / IDA Technology Centre Learnovate – will be housed at the new campus - allowing enhanced interaction, collaboration and industry engagement.
The campus will also provide significant space for industry co-location and for the development of new and innovative incubation space for early stage and scaling companies.
Upon completion, it is intended that the 5.5-acre site will deliver 40,000 sqm of academic space, 40,000 sq m of commercial space and 20,000 sqm of cultural and supporting uses, with an estimated gross development value (GDV) of €1bn.
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.
Speaking this week, Programme Manager, Ebba Mowat said, "There is no better location in Dublin for an innovation district. Over the past 20 years, the area 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 for technology and innovation."
Source: www.businessworld.ie
