Bids approach €40m for Dublin s former City Arts Centre irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Having lain dormant since its sale to a consortium of developers including Paddy Kelly and the McCormack familyâs investment vehicle Alanis Capital in 2003, the former City Arts Centre on Dublinâs City Quay is being offered to the market once again.
While little has happened with the property itself in the 18 years since it changed hands for â¬4.2 million, the area surrounding the building and the 0.22 hectare (0.55 acre) plot it sits on has been transformed to the point where 1-6 City Quay is the last remaining waterfront development site in Dublinâs docklands.
That distinction is reflected in the â¬35 million now being sought by agent Savills on behalf of the receiver, Ken Tyrell of PWC.