KPMG selects Hibernia Reit to develop new Dublin headquarters ‘Big Four’ firm enters into exclusive talks with developer on move to Harcourt Square scheme
about 3 hours ago
KPMG has selected Hibernia Reit as the preferred bidder for the delivery of its new Dublin headquarters.
Following the receipt of proposals from six of the country’s leading developers, the Big Four accounting and advisory firm had refined its deliberations in recent weeks to consider two other schemes being delivered by Shane Whelan’s Westridge Real Estate and the Kenny family’s Clancourt Group respectively.
The Irish Times understands that KPMG’s partners voted to select Hibernia Reit’s scheme as their preferred option on Thursday night. The parties will now enter into a period of negotiations with a view to finalising the deal.
Five developers in bid to deliver new Dublin HQ for KPMG ‘Big Four’ accounting and advisory giant seeks space for 2,500 workers in the city
Wed, Feb 17, 2021, 06:00
Ronan Group Real Estate is looking for KPMG to relocate to its Waterfront South Central scheme
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Having recently reignited its near decade-long search for a new Dublin headquarters, KPMG is understood to be in the process of assessing proposals from five of the city’s biggest developers.
The shortlist of contenders comprises Johnny Ronan’s Ronan Group Real Estate (RGRE), the Kenny family’s Clancourt Group, Shane Whelan’s Westridge Real Estate, Hibernia Reit, and US real estate firm Kennedy Wilson.
Redevelopment of former DIT campus gets green light
Updated / Monday, 21 Dec 2020
17:40
Dublin City Council
Dublin City Council has given the green light to €475 million plans to construct a large scale mixed use scheme for the redevelopment of DIT s former Kevin Street Campus.
Last May, Westridge Real Estate lodged plans for the development of 53,110 ft of office accommodation in two 11-storey blocks alongside 299 build to rent apartments across three buildings of up to 14 storeys in height.
Westridge acquired the 3.57 acre site for €140 million in August 2019 and a report lodged with the plans by EY estimates that the total output that the redevelopment will generate over 10 years is €7.67 billion.