06 Sep Block 5, Parkmore East Business Campus launched in Galway
September 2017: Block 5, Parkmore East Business Campus launched in Galway
Fine Grain Property’s new, 45,000 square foot office development in Galway, due to open in summer 2018, is set to create significant employment in the jewel of Ireland’s Wild Atlantic Way, as noted by Minister of State for the Diaspora and International Development, Ciaran Cannon TD, at the launch of the project today. The launch was featured in the Irish media, and was attended by dignitaries and invited guests, including the Galway Chamber of Commerce, Galway County Council, the Ireland Strategic Investment Fund, Ireland’s international development agency, the IDA, and a number of major multinational investors.
Designed by architects Arthur Gibney & Partners, the modern and sustainable building will be located at Block 5 of the Parkmore East Business Campus. It will help cater to the needs of the growing business community in Galway, both indigenous and international, being ideally located just 10 minutes from the historic city centre. The Campus is an established IDA business park, and already hosts a number of prominent international companies such as SAP and Oracle. The new tenant, once confirmed, will have the option to expand the facility beyond its already impressive 45,000-square-foot space.
Cormac Ó Tighearnaigh, CEO, Fine Grain Property Ireland, said: “Fine Grain Property is passionate about creating great workspaces to help domestic and international employers to attract and retain talent. The Firm’s international experience and presence on the ground in Ireland leaves us very well placed to realise these opportunities, providing tenants with high quality facilities tailored to their individual needs.”
“The needs of office occupiers have changed dramatically over the past ten years. We have been listening carefully to employers in Galway. In addition to creating a sustainable, state of the art business facility, we have put a great deal of thought into creating a great place to work, incorporating lifestyle elements such as bright spaces, secure bicycle parking, and comfortable shower and changing areas for employees.”
As the Group’s operations in Ireland expand (prior to this acquisition, they have already established ownership of blocks in Parkmore West, Galway, and Eastpoint, Dublin), they rely on the same basic formula which has brought success in Singapore; a throrough knowledge and understanding of the local market, operating under a commitment to “buy well, manage well, and sell well.”
Commenting on the launch, Fine Grain Property’s Chairman, Ron Bolger, Singapore Honorary Consul to Ireland and former Managing Partner of KPMG, said: “We are delighted to be combining Asian Investors and Irish skills to build a stable, long term investment portfolio of industrial, logistics and business park properties across Ireland.”
He added: “Our principals and investors represent long term, patient capital, and include the Ireland Strategic Investment Fund (ISIF), which has invested €25 million with a view to driving continued economic growth and development in Ireland. The new office development at Parkmore East is a great example of that.”
There is considerable rental interest in the property from Galway’s growing businesses, and through the global team of Ireland’s development agency, the IDA.