Kennedy Wilson announces completion of Capital Dock

Property investment company Kennedy Wilson has completed Capital Dock in Dublin's south docklands, one of the largest mixed-use developments ever built in the Republic.

The city campus spans 4.8 acres, providing more than 690,000sq ft of new mixed-use space, including offices, retail and family units, as well as more than 1.5 acres of public park space.

About 1,300 construction workers were based on site during the build, with the development expected to support hundreds of permanent jobs when fully complete.

More than 200,000 tons of concrete, 15,000 tons of steel and 7,500 panes of glass were used during construction.

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Global investment bank JP Morgan and jobs site Indeed have committed to occupy all of the available office space, and are preparing their new premises for occupancy in 2019.

Minister for Finance Paschal Donohoe joined Kennedy Wilson and Nama last week in the penthouse of the 22-storey residential tower, the Republic's tallest such building.

The 190 family units will be available to rent in January, with a dedicated on-site concierge, resident lounges, cinema, professional gym, business suites and a chef’s kitchen. There will also be a landscaped park and square open to the public.

The project will welcome new retailers in the coming year, including a restaurant and bar with a terrace, a gourmet grocer, and additional 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 Kennedy Wilson chief executive William McMorrow.

“When we began conceptualising 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.”

Mr Donohoe said Capital Dock was a “significant development, creating critically-needed commercial and residential space” in the docklands area.

“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,” he said.