Authorization

Diageo seeks partner to redevelop part of the historic St James's Gate Guinness brewery

Diageo is to turn part of its flagship St James's Gate Guinness brewery in Dublin into offices, shops and homes.
The drinks firm has kicked off the search for a development partner to redevelop 12.6 acres of the 50-acre site into what it describes as a “new urban quarter” for Ireland’s capital, appointing Deloitte to broker a deal.
Diageo announced in early 2012 that it would be investing heavily in its brewing facilities in order to ensure the sustainability of its Irish business, having moved the entirety of its UK and Ireland operations to the site in 2008.
It now says that because of technological advances, it can brew more beer in less space and can therefore use the surplus land for redevelopment.
Diageo seeks partner to redevelop part of the historic St James's Gate Guinness brewery

Credit:
LEON NEAL/AFP
Plans submitted to Dublin council by the drinks firm showed that the site identified has the potential for 63,000 sq m of office space, 5,000 sq m of retail space and 22,000 sq m for hotel and leisure use, as well as 500 new homes.
Diageo said that given the size of the project, it would be phased over a “lengthy period”, with detailed plans being put together once a development partner has been appointed. The process to find a partner is expected to take around 18 months, Deloitte said.
Diageo plans to retain ownership of a number of key buildings in the quarter, including the iconic gate itself and the former home of Arthur Guinness, the beer company's founder.
Its next step is to run a series of consultation sessions on the future of the site.
Unseen Dublin: Images from the Guinness Archive
Colin O’Brien, beer and packaging director at Diageo, said: “This site has always been a hub of industrial activity embedded within the local community.
“When we look to the future we wanted this dynamic relationship to prevail, ensuring that our thriving brewing operations coexist with a vibrant urban environment. We have, in this site, a unique opportunity to open up the gates, creating a quarter that will form part of the fabric of the city for generations to come.”
St James’s Gate was once the largest brewery in the world, and today produces all of the Guinness drunk in the UK and Ireland.
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Май 2018    »
ПнВтСрЧтПтСбВс
 123456
78910111213
14151617181920
21222324252627
28293031