Rabbitte announces Digital Hub Property Development Worth €40m
Communications Minister Pat Rabbitte today announced that the Liberties area of Dublin is set to benefit from an investment of over €40 million as a result of a new property development at The Digital Hub.
The project, which is facilitated by the Digital Hub Development Agency (DHDA), is expected to create up to 300 jobs in construction in the short-term, and will result in the creation of an additional 10,650 square feet of enterprise office space at The Digital Hub, as well as a housing development for 470 students on Bonham Street in Dublin 8.
Minister Rabbitte said:
The property investment announced today is excellent news, both for The Digital Hub and the wider Liberties, and I look forward to seeing the renewed energy that both young students and digital entrepreneurs will bring to the area. The Government’s Action Plan for Jobs asks for cross-cutting measures with the potential to have a significant impact on job creation, and this development does exactly that. It should come as no surprise that it is the Digital Hub that is behind a project that is startling in its innovation and efficiency.
I sincerely congratulate the DHDA on negotiating this deal, which will revitalise the area. The 300 construction jobs and digital enterprises supported will contribute to the economic sustainability and the regeneration of The Liberties, one of the most iconic and historically important areas of Dublin.
Knightsbridge Student Housing Ltd. will invest substantially in this development, which will see the development of both the Grainstore building and high quality student accommodation.
For more information read the full press release here.