€1bn Trinity East project for Silicon Docks begins

Intended 5.5-acre Trinity East site beside Silicon Docks will deliver 40,000 sqm of academic space, 40,000 sq m of commercial space and 20,000 sqm of cultural and supporting uses.

Savills Ireland has been appointed by Trinity College Dublin to provide financial management and property advisory services for the ‘Trinity East’ project following a public procurement process.

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.

“There is no better location in Dublin for an innovation district”

The ambition is that the project will not only attract innovative companies but also venture capital, angel investors, services companies as well as multinationals who want to capture the energy and disruption that comes from scaling companies.

Innovation in the heart of Dublin

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.

The Savills team will be led by Mary Birmingham, the Project Director, and Ebba Mowat, Programme Manager, supported by Oliver Fursdon in Savills London office and his colleagues Alex McKinlay, Rory Brooke and Louis Sargent.

“We are very excited to be part of this project – the first of its kind in Ireland,” said Birmingham.

“Savills has extensive experience in the development of innovation districts in cities around the world – which we will utilise for the execution and delivery of this strategically important development for the country as a whole.”

Next generation campus

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 will work at scale to tackle some of the most challenging research problems facing enterprise and society.

In addition, 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. A key learning from international innovation districts is that the density and proximity of new and scaling businesses is essential to obtain the critical mass needed for the district to act as both an effective accelerator and attractor of companies.

“There is no better location in Dublin for an innovation district,” said Ebba Mowat, programme manager.

“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.”

By John Kennedy (john.kennedy3@boi.com)

Published: 19 November, 2020