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DEVELOPER
REVIEW |
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| Charterd
Land
November 2008 |
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Possibly
Ireland’s most dynamic property company, Chartered Land
is committed to creating a portfolio of innovative landmark
commercial developments that define town and cityscapes, enhancing
the lives of both residents and working populations.
Established in 2006 by Joseph O’Reilly, with Dominic Deeny
appointed Chief Executive in 2007, the company approaches each
new development as a completely unique project, carrying out
exhaustive research to achieve a full understanding of the market
segment in order to ensure a bespoke offer every time.
Chartered Land has quickly established an impressive reputation
and a clear ethos through the large amount of high-profile landmark
work under development. Its development pipeline is currently
approaching E4bn and includes developments at Dublin Central,
Swords Pavilions, South King Street, Grand Canal Square and
the ILAC Centre.
RLI caught up with Deeny to find out how he would sum up the
company’s performance over the past year. . |
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“The
past 6-8 months have been about two things: consolidation and
the creation of value,” he says. “It has been a
case of looking to the opportunities that we have procured and
driving those forward by completing site assemblies. As far
as value creation is concerned, we have been moving on two major
planning applications and are driving forward the completion
of two construction projects, in addition to the finalisation
of Phase 2 letting at Swords, where we are aiming to have every
unit up and trading by Christmas this year.”
Chartered Land is currently engaged in five projects, the largest
of which being the 1.2 million square foot Dublin Central development
on O’Connell Street. The development will introduce 100
new shops, a department store, over 1,000 parking spaces, around
50 residential units and a visitor attraction in the shape of
a rooftop garden and viewing platform, and represents the regeneration
of an entire quarter of the city. |
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Meanwhile,
the company is also making excellent progress at South King
Street, a 100,000sq ft mixed-use development just off Grafton
Street, one of Dublin’s prime retail streets. Three
big box retailers — Zara, H&M and Warehouse —
are currently fitting out their space in and will be open
and trading for Christmas.
The project also comprises 30,000sq ft of offices to let and
there are a number of residential units that have all been
taken.
Another major development that is currently at the planning
stage is the extension to the Swords Pavilions, to the north
of Dublin on the M50 ring road, which is the last regional
retail shopping centre opportunity on the M50. This Phase
3 extension will add a further 600,000sq ft of retail space,
bringing the entire scheme up to just over a million square
feet of retail. This will be supported by cultural uses, restaurants,
an existing Multiplex cinema and residential units.
Though it is early days, the company’s flagship must
surely be Dublin Central, located as it is on O’Connell
Street, Ireland’s cultural heartland; with the Centenary
of Independence approaching in 2016 and the Government’s
plans for remodelling the GPO, the centre of the original
uprising, this project will reposition O’Connell Street
in terms of the Irish sense of place and being.
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“From
a cultural point of view this is a hugely important site,”
says Deeny, “whilst in terms of retail, it is equally
important in repositioning Henry Street as the primary retail
offer in the Dublin market.”
Clearly, the company is making great gains in the Irish market
but does Deeny have an eye on international growth?
“We have, over the last couple of years, looked at opportunities
in the UK market and further into Europe,” he says,
“but not in any meaningful sense – we simply like
to keep an eye on what is happening. At the moment, given
the current climate, we do not feel that such expansion is
appropriate. Like everyone else, we are waiting for the markets
to settle – the silver lining to all this is that opportunities
will come.”
For
the full article please see the RLI Nov 2008 issue
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| DEVELOPER
REVIEW ARCHIVE |
|
Capital
Shopping Centresp - March 09
Chartered
Land - November 08
The
Ilyas & Mustafa Galadari Group - September 08
Las
Vegas Sands Corp - June 08
Redevco
- Dec 07
Chartered Land - Nov 07
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Paramount
Publications Ltd Suite 15, Hardmans Business Centre, New
Hall Hey Road, Rawtenstall BB4 6HH UK
Tel: +44 (0) 1706 212200 Fax: +44 (0) 1706 211782 Email:
info@rli.uk.com
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