DIAGEO is to transform 12.6 acres at its St. James’s Gate site to create a new urban quarter in the Irish capital.
Located into the heart of Dublin’s Liberties area, the firm is now looking for a development partner. Deloitte Real Estate is managing the tender process, which is expected to take 18 months.
Following investment since 2011 at St. James’s Gate and advances in technology, Diageo can now brew more beer with less space and is aiming to transform 12.6 acres of its nearly 50 acre site.
The new quarter will be called the St. James’s Gate Quarter and will include residential, office and commercial space as well as public spaces.
It will also have public spaces and streets and will be fully integrated into the wider Liberties area.
Diageo is planning to will run a series of consultation sessions in the Open Gate Brewery.
"We will engage with a wide range of interests and expert views on how the St. James’s Gate Quarter can be best developed and how it will contribute to the wider regeneration of the Liberties," the company said.
“This unique relationship between past and future makes St. James’s Gate an extraordinary place," said Oliver Loomes, Country Director for Diageo Ireland.
"It is rooted in history and its future is one of innovation and creating experiences.
"We’re committed to a long term sustainable future at St. James’s Gate and are delighted to be opening streets, creating spaces, and generating opportunity.
"We’re transforming our centuries-old vat houses, brew houses and cooperages into incredible spaces that will house and inspire a new generation of entrepreneurs, residents and visitors, dreamers and doers.”
Earlier this year Diageo announced a €16million expansion of the Guinness Storehouse.