Point Village Shopping Centre

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More customers for the Point Village

Dublin-listed housebuilder Glenveagh Properties has signed a deal to acquire a two-hectare site in Dublin’s north docklands with plans to deliver more than 450 residential units.

The acquisition, which marks Glenveagh’s first in the docklands area, is valued at more than €40 million. It is expected to close by year end.

The site on East Road is located near to both the International Financial Services Centre (IFSC) and the so-called “Silicon Docks” area.

“This acquisition will give us first-mover advantage to deliver a significant number of residential units in Dublin’s north docks where there is exciting regeneration potential. This acquisition demonstrates our ability to deploy the equity proceeds from our initial public offering (IPO) in a timely fashion,” said Glenveagh co-founder and chief executive Justin Bickle.

He said the housebuilder expected to announce more acquisitions in 2018.

“Securing a site with such scale and in such a central location is a real rarity in the Dublin land market. The buyer will be able to capitalise on an area undergoing significant change in the north docklands and also to tap into the pent up local demand for residential accommodation both to rent and purchase,” said Mark Reynolds of Savills.


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wakka12

Silicon docks always makes me cringe

The only people who call it that are journalists

beauf

Seems like the ball is well and truly rolling now.

blue_blue

Planning also went in late last month for a Centra in one of the unused retail units on East Road. Over from the new Facebook building.

Alicano

blue_blue wrote: »

Planning also went in late last month for a Centra in one of the unused retail units on East Road. Over from the new Facebook building.

That's good news.. Not much down that way at the moment.

subpar

https://www.sca.ie/news/tag/Exo

The Finished product in 2020

LeeroyJ.

subpar wrote: »

https://www.sca.ie/news/tag/Exo

The Finished product in 2020

I like the Building and I'm glad we're getting some 'higher' rise buildings but somehow it seems incredibly out of place next to the other building around there.
It's going to be another noisy 3 years for people that live there too (including myself)

dylan2017

Insomnia are opening up soon work as started in the unit already hopefully this will attract more businesses to the area in the year to come

dylan2017

Also anyone got any updates on the shopping centre on weather any more shops are due to open ?

Asdfghjkl987

dylan2017 wrote: »

Insomnia are opening up soon work as started in the unit already hopefully this will attract more businesses to the area in the year to come

Is this in the Point Square centre?

dylan2017

Asdfghjkl987 wrote: »

Is this in the Point Square centre?

No it's a minute walk from the shopping centre is its in one of the units when under where fm104 are located and facing the student accommodation being built

LeeroyJ.

Anyone pick up any news recently? Surprised there still hasn't been much work inside or shops preparing to open with all the box around there construction wise

subpar

No update on activity in the Point Village, but a detailed planning permission application was lodged this week which includes several restaurants and retail units / a new road and a small park as part of the Dublin Landings project which will front onto Castleforbes Road and Mayor St.

David Carson of Deloitte, Statutory Receiver of Danninger Unlimited Company (In Receivership & Liquidation), intends to apply for planning permission for development at a site of c. 0.842 hectares bound by Mayor Street Upper to the south, Castleforbes Road to the east, Northbank House and Alexander Terrace to the north and undeveloped land to the west, Block 3, North Lotts, Dublin 1. The site bounds the Pelko building which fronts onto Castleforbes Road and includes the access route south of Northbank House and Alexander Terrace. The development consists of the following: 1. The provision of 3 no. commercial blocks as follows: a. Block 3E - 11,865 sq.m. GFA of commercial space with a retail/cafe/ restaurant unit (115 sq.m. GFA) at ground floor to Mayor Street Upper with part 6, part 5 storeys. The six storey element has frontage to Mayor Street Upper and the five storey element has frontage to the permitted public park. A terrace is proposed at fifth floor to the north; b. Block 3F - 23,340 sq.m. GFA of commercial space with frontage to Mayor Street Upper and Castleforbes Road, with part 6, part 5 storeys. The six storey element has frontage to Mayor Street Upper and Castleforbes Road and the five storey element has frontage to the permitted public park and the east west street within the city block. A terrace is proposed at fifth floor to the north and west. Two retail/cafe/restaurant units are proposed. One of 215 sq.m. GFA is located at the corner of Castleforbes Road and Mayor Street Upper. The second of 175 sq. GFA is located along the new north south street between Blocks 3E and 3F orientated along the new street with frontage to Mayor Street Upper; c. A two level basement is proposed which is below Block 3E and 3F of 7,535 sq.m. GFA. The basement levels provides 90 car parking spaces and 450 bicycle parking spaces and associated facilities. At -1 level, office space is provided of 3,390 sq.m. GFA. The basements also include plant and services; d. Block 3G - 940 sq.m. GFA of commercial space with five storeys which fronts onto Castleforbes Road and the access route south of Northbank House and Alexander Terrace. This includes a retail/cafe/restaurant/class 2 office/own door office (Class 3) unit (135 sq.m. GFA) at ground floor with office over. 2. Vehicular and bicycle access to basement car park is from the street south of Northbank House and Alexander Terrace accessed off Castleforbes Road. A further 50 no. bicycle parking spaces are provided at ground level. 3. The development includes the construction of a new north south street between Blocks 3E and 3F. The development also consists of revisions to the landscaping to the southern part of the park and to the eastern side of the north south street west of Block 3E permitted under DSDZ3357/17. 4. Revision to the east west route south of Northbank House and Alexander Terrace including footpaths and set down area; 5. All hard and soft landscaping works including integration with and minor revisions to the permitted public park (DSDZ3357/17 refers). 6. Upgrade to the footpaths to Mayor Street Upper and Castleforbes Road; 7. Development to include all site development, boundary treatment, landscaping, roof plant, PV panels, substations, service provision and ancillary works. 8. The overall development comprises of 43,445 sq.m. GFA. The application relates to a proposed development within a Strategic Development Zone Planning Scheme area.

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New York based WeWork to move into Dublin Landings by October 2018

This influx of new office workers can only further increase the demand / need for new shops and cafes in the immediate surrounding area.


Article from Irish Independent-

New York-based WeWork, which is valued at around $20bn (€16bn), is to lease almost 10,000 sq m of commercial office space in the Dublin Landings development located in the city's docklands.

The shared office provider is letting the space from developer Sean Mulryan's Ballymore Properties and its development partner, Oxley Holdings.

The move comes just days after WeWork, along with two other companies, paid about £580m (€672m) for an office complex in the City of London district, according to two people with knowledge of the deal.

In Dublin, WeWork will occupy No 2 Dublin Landings on North Wall Quay, beside the new Central Bank of Ireland headquarters and the new head office of the National Treasury Management Agency (NTMA).

It is anticipated that WeWork will move into the building by October.

"Our Dublin locations have proved fantastically popular and we're thrilled to be expanding our portfolio by adding a further WeWork location, this time in the architecturally impressive Dublin Landings," said Patrick Nelson, WeWork's executive VP of Real Estate.

The company already has shared office spaces in the Iveagh Court in Dublin 2, where a hot desk can be rented from €390 per month.

In addition, the company has shared office spaces in 1 Georges Quay, prices for which are currently not available.

John Mulryan, managing director of Ballymore UK and Ireland, which was this week named Developer of the Year, said that Ballymore's vision for Dublin Landings has been to create "a culturally rich, inspiring community in the Dublin Docklands area".

"The calibre of our Dublin Landings tenants, the NTMA, the Central Bank and now WeWork, is evidence of Ballymore and Oxley's commitment to the creation of a vibrant new destination for Dubliners to live, work, and visit," he added.

On completion the Dublin Landings site will house 270 residential apartments and 2,000 sq m of commercial office space. There will also be restaurants, bars and retail outlets. (Additional reporting Bloomberg)

Assetbacked

Whatever about new companies; there is no where for these people to live!

hako

I totally agree with the fact where all these people gonna leave? You build so much but just office buildings and no green areas around them at all!!!!

subpar

Update on progress at the Dublin Landngs Development , some 6,000 office workers will occupy the various buildings apparently - from todays Irish Independent

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When Ballymore chief Sean Mulryan and his partners at Singapore-headquartered developers Oxley unveiled plans in October 2016 for over a million square feet of offices and apartments in the Dublin Docklands, there were some who may have baulked at the scale of their ambition.

Fast forward to today however, and it would appear that Mr Mulryan got his timing right in relation to the delivery of the Dublin Landings scheme. Having only recently sold No 1 Dublin Landings to the German pension fund, Triuva, for around €164m, Ballymore and Oxley are now offering No 2 Dublin Landings to the market through joint agents CBRE and Knight Frank for €98.8m.

Due for completion later this month, the building should prove attractive to investors, as it has already been pre-let to global co-working operator, WeWork.

Located next to the new headquarters of the Central Bank of Ireland and the new head office of the National Treasury Management Agency (NTMA) at North Wall Quay, the overall Dublin Landings development extends to 93,000 sq m (1,001,043 sq ft). In addition to No 1 & 2, a further three office blocks will be developed on the site providing a further 28,700 sq m of space. The construction of all three buildings is under way with a view to making them available for occupation in 2019.

All told, Dublin Landings will comprise 298 apartments, offices, restaurants, bars, retail, and landscaped gardens.

Some 6,000 people are expected to work and live at the docklands scheme once it is finished.

LeeroyJ.

It seems the Coffee shop in the Odeon upstairs has closed. It makes sense with the new unit opening in Castleforbes, Starbucks in the point and the Coffee shop inside Freshii.

beauf

Terrible location for cafe even when it was the only thing around.

I heard the cinema gets business in the evenings.

bren2001

LeeroyJ. wrote: »

It seems the Coffee shop in the Odeon upstairs has closed. It makes sense with the new unit opening in Castleforbes as Starbucks and the Coffee shop inside Freshii.

Costa in Coolock is gone as well. Have Costa pulled out of all Odeons?

(at Coolock theres a brand new down the road so I just assumed it was because of this)

LeeroyJ.

Seems the Costa has halted the fitting works. The Coming soon Sticker is coming off and no work has been done in a few weeks. Wonder what happened. Maybe they realized a 3. Cafe in such a small area might not be the best idea.

Fighting Tao

I was in the shopping centre last week and saw a sign about a new food place coming soon. I think it was called Salad Bowl.

blue_blue

Fighting Tao wrote: »

I was in the shopping centre last week and saw a sign about a new food place coming soon. I think it was called Salad Bowl.

Maybe these guys

https://www.irishexaminer.com/breakingnews/business/salad-box-opens-first-irish-restaurant-in-cork-856025.html

vicwatson

What is the construction site at the point all about?

LeeroyJ.

blue_blue wrote: »

Maybe these guys

https://www.irishexaminer.com/breakingnews/business/salad-box-opens-first-irish-restaurant-in-cork-856025.html

More shops is always good, hope it doesn't turn into a food Hall though. Was hoping there would be retail at some point too

LeeroyJ.

vicwatson wrote: »

What is the construction site at the point all about?

Next to the three arena is the exo bulding, next to the gibson is 2 studen accommodation blocks, facing the river next to 3 arena is a hotel and also various office and apartments

L1011

Moving jobs back to the one I had beside this next week - too many dry Starbucks sandwiches and queues in Spar were part of a tapestry of reasons to leave (the other important ones have been fixed too - not going back just for Eddies :pac:) so I'd be OK with a food hall - however I can see why actual residents and the cinema operators would prefer real shops.

vicwatson

LeeroyJ. wrote: »

Next to the three arena is the exo bulding, next to the gibson is 2 studen accommodation blocks, facing the river next to 3 arena is a hotel and also various office and apartments

Right so if it’s gonna be like that....

Specifically .. The area along the R131 East Wall Road

beauf

Hes already answered your question. "..Next to the three arena is the exo bulding..."

vicwatson

beauf wrote: »

Hes already answered your question. "..Next to the three arena is the exo bulding..."

And what is the “exo building”?

beauf

It a building called "exo" more here...

http://lmgtfy.com/?q=exo+building

SimonTemplar

Mr.S wrote: »

Surprised it lasted this long tbh, the cinema is dead at the best of times and that coffee shop would only ever have people waiting for the films to start and not buying anything!

The cinema will get much busier once that student accommodation place opens.

subpar

SimonTemplar wrote: »

The cinema will get much busier once that student accommodation place opens.

Agree , it will turn into a nice little earner for Odeon

vicwatson

beauf wrote: »

It a building called "exo" more here...

http://lmgtfy.com/?q=exo+building

Or here, for those that don't want to deal with the silly sarcasm - https://www.theexobuilding.com/


An office block

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Dunnes court bid over Point struck out

The Court of Appeal has struck out as "entirely without merit" a legal action brought by Dunnes Stores as part of a long-running dispute over the Point Village development in Dublin's docklands.

Dunnes claimed Point Village Development (PVD) had, in its construction of Point Square in the Point Village, failed to comply with a clause of a 2008 agreement regarding the quality and standing of the square in the development. On that basis, Dunnes refused to release a €3m sum payable to PVD on completion of the square.

The relevant clause provided the design and specification of Point Square shall be to a "first-class standard" akin to the newly redeveloped Eyre Square, Galway, Grand Canal Square, Dublin, and the Civic Plaza at Dundrum Town Centre.

Mr Justice Gerard Hogan said Dunnes' action was "abusive" because it was brought despite an independent expert architect having been appointed in October 2014 to assess whether Point Square had been completed in accordance with the 2008 agreement.

That adjudication remained on hold because of this case, which was "an attempt to frustrate and repudiate a commercial agreement negotiated at arms length" to which Dunnes "had freely agreed".

Dunnes took the case against PVD and Paul McCann and Stephen Tennant in their capacity as receivers appointed by Nama over PVD.

The receivers and PVD appealed after the High Court refused to stay Dunnes' case to allow the independent expert process to proceed to a decision.

Giving the three-judge appeal court's unanimous judgment yesterday, Mr Justice Hogan said Dunnes' case should not just be stayed, but should be struck out under the appeal court's inherent jurisdiction as "an abuse of process".

The 2008 agreement provided, if there was a dispute between the sides as to whether Point Square was completed in accordance with that agreement, an independent architect, acting as expert, be appointed to determine that dispute with the expert's decision "final and binding" on the parties.

The entire object of that was to achieve a speedy and final resolution of the dispute, even if the ultimate conclusions and the reasoning contained in an expert's adjudication is not always perfect or completely justified on the evidence.

There were compelling policy reasons which warrant the courts respecting parties choosing to submit to adjudication by expert in commercial disputes of this nature, he added.

In this case, the 2008 agreement provided for the independent architect to give his decision within 20 working days but the effect of litigation was to frustrate the underlying objective of the sides, the judge found.


Thats 18 Million lost by Dunnes on this saga , they would have been better advised to open the store.

AMKC

SimonTemplar wrote: »

The cinema will get much busier once that student accommodation place opens.

Your joking right. It's a great cinema the way it is. The last thing you want when going to see a film is fecking students in the cinema making noise and probably trying to get it on in the back aisle. Besides most of them these days watch everything on there phone anyway and will probably not be able to afford to go to the cinema.

beauf

I would have thought the same they would watch it online. But the stats suggest that age group are among the biggest cinema goers.

ceebee1981

The students that can afford those apartments will be ok with a trip to the cinema I think.

subpar

ceebee1981 wrote: »

The students that can afford those apartments will be ok with a trip to the cinema I think.

Agree the rent will be in the region of at least 1k per month from Sept to May with short term leases to summer visitors

subpar

Latest News on Dunnes Stores Saga

Dunnes Stores has taken ‘no steps’ to fit out Point Village store
Anchor unit is important to development of Dublin docklands site, receiver tells court.


Dunnes Stores has breached an agreement by taking “no steps whatsoever” to start the fit out of its proposed Point Village store in Dublin, the Commercial Court has heard.

Point Village Development (PVD) is seeking orders requiring Dunnes to specifically perform its obligations under a 2008 development agreement and subsequent settlement agreements over the matter in 2010.

In the original 2008 agreement, PVD and businessman Harry Crosbie agreed with Dunnes that it would develop a shopping centre at the Point, to include 35 retail units together with a substantial anchor unit which Dunnes would fit out and operate.

Receivers Paul McCann and Stephen Tennant were appointed in 2013 over the assets of PVD and certain assets of Mr Crosbie, including their interests in the Point Village.

PVD, acting through the receivers, says that once certain matters, including that binding leases or agreements for leases, had been exchanged in relation to at least seven other ground-floor retail units in the development, Dunnes was required to begin the fit-out.

Dunnes was also required to pay €15 million to PVD, the court heard.

In February 2016, nine such leases were exchanged and Dunnes had until March 30th, 2016, to start work.

However, Mr McCann says in a sworn statement that this did not happen and Dunnes also failed to release the €15 million.

Dunnes has appealed a High Court decision requiring it to pay the money and that is due for hearing next May.

Mr McCann said the opening of the anchor unit is important to the operation and success of the Point Village. The longer the delay, the greater the prospect of further delays in prospective tenants of the smaller units being prepared to open, he says.

A successful shopping centre with an anchor tenant is situ is an important part of the creation of a thriving hub in the area, he said.

On Monday, Mr Justice Robert Haughton admitted the case to the fast-track Commercial Court and adjourned it to October.

AMKC

Mr.S wrote: »

Odeon is a €5 mid week, I think they'll be fine

I Suppose.

ceebee1981 wrote: »

The students that can afford those apartments will be ok with a trip to the cinema I think.

Good point.

geecee

Scaffolding at the front of the Student apartments came down in the last few days, it looks well.... But I can't see the entire complex being finished at the end of Sept in time for the beginning of college terms

hako

geecee wrote: »

Scaffolding at the front of the Student apartments came down in the last few days, it looks well.... But I can't see the entire complex being finished at the end of Sept in time for the beginning of college terms

I also don't see it happening by early September given the fact the way things looks like at the moment...

subpar

Expect to see elements of the 1st block opened by late Sept.

LeeroyJ.

The first block should be open by end of september.It's moving forward quite quickly now and the noise in the morning is finally bearable (my gaff faces the construction) was a nightmare for a while.

Muahahaha

subpar wrote: »

Latest News on Dunnes Stores Saga

Dunnes Stores has taken ‘no steps’ to fit out Point Village store
Anchor unit is important to development of Dublin docklands site, receiver tells court.

That whole Dunnes situation is bizarre tbh. I can understand their decision not to open when we were in the depths of recession but nowadays things have picked up and there are plenty of people living down in East Wall to sustain a supermarket. Yet they still havent opened it.

L1011

They are still doing shopfitting on Insomnia at the rate of about half an hours work twice a week. It might open in 2020 at this stage

LeeroyJ.

L1011 wrote: »

They are still doing shopfitting on Insomnia at the rate of about half an hours work twice a week. It might open in 2020 at this stage

I really don't know whats going on there, the Coming soo sign is slowly coming off, there seems to be near 0 work there and there is a To Let sign up again. I messaged Insomnia on Facebook and Twitter to see whats up but no reply.

geecee

I remember hearing they were having issues with lack of drainage and Aircon condenser space... seems it wasn't too well thought through!

Last I heard they were seeking permission to cut through the slab into the basement and place their utilities there

They also have an issue with lack of exterior signage

hako

Today I spoke with one of the guys that work in student accommodation site. I asked him whats the plan for the opening. He said in couple of weeks (probably 3) they will partially open some levels in the one close to Luas line. This will be a partial opening he said. I also asked about Tesco that was mentioned some months ago in the forum. He said Centra is opening in the ground floor and they even work till 10 in the evening. I guess they are also pushing to open the same time as the building. Thats all from me for the moment.