The €104m development is the largest of its kind in the city
Galway is the latest city to reveal plans for a major new urban development.
The city council has approved plans by Edward Capital to create a new two acre development including 26,000 square metres of “Grade A” office space in the city centre.
The €104m development is the largest of its kind in the city and will incorporate a green area two thirds the size of Croke Park.
Spokesperson Paddy McDonald says Galway is one of the fastest growing cities in Europe:
“The office market in Dublin has gone from strength to strength over the last number of years and we have really seen Cork and Limerick coming out of the ground with new schemes,” he said.
“So, Edward Capital’s ambition here was to bring Galway up to the forefront of that emergence and the new developments that you have seen right across the country – I think it is great news for everybody.”
The development at the city’s Bonham Quay is expected to create 500 jobs in the construction phase alone.
It is the first office complex of this scale to be built in Galway and Mr McDonald said there is huge potential for the project:
“Galway is emerging as an international centre for manufacturing, research and biomedical and really the opportunity to have the first major office development in the city centre is great news for Galway city,” he said.
The four blocks included in the development will range in size from 4,820 to 11,845 square metres.
They have been designed with “maximum flexibility” to allow multiple occupation and efficiency.
Once operational, the development will cater for approximately 2,600 employees once operational.