U2 to buy 16 Hanover Quay from Dublin Docklands Development Authority


U2 to buy 16 Hanover Quay from Dublin Docklands Development Authority

The Dublin Docklands Development Authority has welcomed the recent approval by An Bord Pleanala of the North Lotts and Grand Canal Dock Planning Scheme (the SDZ), which recognises the Docklands as an art space with a variety of tourism attractions.

“The ability to attract tourists to previously unvisited sites requires strong drivers by way of high-profile events and attractions. To date, events such as Dublin Fringe, Docklands Maritime Festivals and Tall Ships have proven to be very successful in drawing large numbers of visitors. However, the Docklands needs to complement its growing visitor numbers with other types of attractions,” according to an extract from the SDZ.

“The U2 studios at Hanover Quay and Windmill Lane Studio for instance are part of the cultural heritage of the area and should be celebrated with new innovative tourism offering.”

The authority said that in the light of its imminent dissolution and the approval by An Bord Pleanala of the SDZ, it will no longer be pursuing a previous policy to remove, inter alia, No 16 and 18 Hanover Quay to provide access to the water body.

Consequently it will not be proceeding with a proposed CPO over No 18 Hanover Quay and neither will it be seeking to remove No 16 Hanover Quay.

Accordingly, Lambert Smyth Hampton, acting on behalf of the Dublin Docklands Development Authority has agreed with Jones Lang LaSalle acting on behalf of U2, to sell to them the authority’s interest in 16 Hanover Quay, Dublin 2 for a sum in the region of €450,000.