// Hammerson to go ahead with Dublin Central development plans
// Irish architects will join Acme to accelerate existing proposals
// The new development in Dublin’s north inner city will be for mixed-use
Hammerson is moving forward with its Dublin Central development by appointing Irish architects Grafton, RKD and MOLA “to advance the ambitious regeneration”.
The newly-appointed architects will join Acme architects to accelerate the existing proposals and bring forward planning applications in the first half of 2021.
The new development in Dublin’s north inner city will include retail, offices, residential, hotels and restaurants.
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“We have assembled an outstanding design team, boasting the best of Irish architectural expertise, to undertake this important project,” Hammerson managing director City Quarters Simon Betty said.
“Dublin Central presents an exceptional opportunity to create a landmark quarter in Dublin’s north inner city.
“We are delighted to have appointed a full design team for the project and are looking forward to bringing the ambitious vision and plans for Dublin Central to life.”
Dublin Central is intended to occupy “a significant position in Dublin 1, with site frontage to Upper O’Connell Street, Parnell Street, Moore Street and Henry Street”.
The design team is being led by Acme Architects under Friedrich Ludewig, which has been in that position since 2018.
In early August, Hammerson said it plans to raise £825 million through a £552 million fundraise and £274 million sale of assets in an effort to offset “the extraordinary disruption caused by Covid-19”.
The shopping centre landlord will bolster its financial position through a proposed rights issue, as well as the sale of the company’s 50 per cent stake in VIA outlets.
Hammerson saw its net retail income in the first half of the year drop by 44 per cent to £87.3 million due to forced closures, reduced rental collections and agreements, and administrations as a result of Covid-19.