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Falcon announces key advisor line-up for North Quays and Michael Street Projects

Waterford, Ireland 9th April 2019: Falcon Real Estate Development Ireland, the company that is backing the Waterford North Quays and Michael Street development projects, has appointed its key advisors including the leasing agency and design team for the project. Cushman & Wakefield, a leading global real estate service firm, has been appointed as the leasing agency for the entire North Quays project. Cushman & Wakefield will be responsible for the commercialization of the retail, office, residential and hospitality components of the project and a leasing campaign targeting potential retailers is already underway.

A full team has been contracted for the design and build-out of the project. The Waterford office of Carron + Walsh has been appointed as both project manager and quantity surveyor for the project.  The executive architect is Echo Architecture, an international London based firm which specialises in design and build solutions for retail and hospitality projects. The planning consultant is BMA Planning.  Fewer Harrington & Partners is the technical architect.  Punch Consulting Engineers has been selected as the civil, structural and traffic engineer and also the health & safety consultant. The mechanical and electrical engineer is BDP and the fire engineering consultant is JGA.

Waterford North Quays, an eight hectare real estate mixed use scheme, was conferred SDZ (Strategic Development Zone) designation by the Government in 2016. Falcon Real Estate Development has previously confirmed that work on the project is likely to start before the end of the current year, with the objective of developing a significant quality range of assets and meeting the company’s vision for Waterford to be the “go-to” destination for living, working, shopping and entertainment. The company is currently focused on the pre-development and planning phases with a view to being site active during the last quarter of 2019.

“The proposed scheme makes for an exciting addition to the South East Region and comes at a time when there is a particular focus on how people shop. It’s no longer about the basics, it’s about providing an exceptional retail experience for customers and ensuring best in class amenities & services are all under one roof. The emphasis on this development will be to ensure a diversity of mix with a strong leisure and food & beverage offer but also creating a real state of the art environment. Despite the challenging retail environment Cushman & Wakefield believe that well positioned retail developments will continue to attract both indigenous and multinational retailers,” said Karl Stewart, Head of Retail, Cushman & Wakefield Ireland.

The North Quays and Michael Street developments will mark a major economic boost for Waterford and the South East Region of Ireland. The total investment is estimated to be €350 million in the development, phased over three to five years. 2,500 full time roles will be created during the development of the new district, with an additional 4,500 indirect jobs. The planned integration of the schemes with the existing urban centre of the City will confirm Waterford as the Gateway City of the South East Region, increasing regional and national visitation and tourism, and will serve to reverse regional economic leakage. Combined with the forecasted 2040 population growth of 181,000 people for the South East, the retail market size in the South East is expected to grow from €3.49 billion in 2015 to €6.30 billion in 2025.

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Issued on behalf of Falcon Real Estate Development by Heneghan PR

Media contacts

Nigel Heneghan + 353 86 2587206 – nigel@hpr.ie

Fiona Peppard + 353 (0) 1 660 7395 – fpeppard@hpr.ie

 

Note to editors

About Falcon Real Estate Development

Falcon Real Estate Development is an independent company. It aims at developing a significant portfolio of Real Estate projects. The company strategy is to source, develop and operate a quality range of assets in European Growth Markets to reflect the strength and innovation delivered in the home markets of the company’s owners.

Falcon Real Estate confirms North Quays development to start

Waterford North Quays is a project of Falcon Real Estate Development Ireland.  With over 8 hectares, it will be the largest mixed use real estate development in the South East of Ireland.

A €350m investment, delivering 2,300 full time jobs by 2022
Waterford, Ireland 12th March 2019:

Falcon Real Estate Development Ireland reasserts its commitment to the Waterford North Quays and Michael Street developments and confirms that work on the project is likely to start before the end of the current year. An independent real estate developer and operator, Falcon Real Estate Development Ireland aims to develop a significant quality range of assets, meeting the company’s vision for Waterford to be the “go-to” destination for living, working, shopping and entertainment and is currently focused on the pre-development and planning phases with a view to being site active during the last quarter of 2019.

Waterford North Quays, an eight hectare real estate mixed use scheme, was conferred SDZ (Strategic Development Zone) designation by the Government in 2016. It will comprise a sustainable mix of 46,900 square metres convenience & comparison retail facilities, leisure, dining destinations and a Waterford Visitor Experience. Complementary to the scheme and core to its values of diversity a 200-room Four Star Hotel & Conference Centre, 15,000 square metres prime Office space, and 300 riverside apartments will be delivered in a contemporaneous and phased approach.

Waterford North Quays is set to become one of Ireland’s most modern transport hubs, connecting the site locally and nationally with Rail, Bus, Greenway, Pedestrian and Electric Bus with a link-bridge to Waterford city centre across the River Suir. It will blend carefully planned infrastructure investments with tourism, retail, business and living needs. Visitors will be able to enjoy easy parking, quality restaurants and cafes with over 35,000 square metres of green open space and a riverside promenade and integral part of the recently opened Waterford-Dungarvan Greenway. Falcon Real Estate Development’s vision is to create a new focus for Waterford city and a destination that is firmly integrated with the local community, offering opportunities for living, working and socializing.

The North Quay development will mark a major economic boost for Waterford and the South East Region of Ireland. The total estimated investment is estimated to be €350 million in the development, phased over three to five years. 2,300 full time roles will be created during the development of the new district, with an additional 4,500 indirect jobs. The planned completed integration of the scheme with the existing urban centre of the City, will confirm Waterford as the Gateway City of the South East Region, increasing regional and national visitation, tourism and will serve to reverse regional economic leakage. Combined with the forecasted 2040 population growth of 181,000 people for the South East, the retail market size in the South East is expected to grow from €3.49 billion in 2015 to €6.30 billion in 2025.

(Ends)


Issued on behalf of Falcon Real Estate Development by Heneghan PR

Media contacts

Note to editors

About Falcon Real Estate Development
Falcon Real Estate Development is an independent company. It aims at developing a significant portfolio of Real Estate projects. The company strategy is to source, develop and operate a quality range of assets in European Growth Markets to reflect the strength and innovation delivered in the home markets of the company’s owners.