Latest news with #ISIF
Irish Examiner
8 hours ago
- Business
- Irish Examiner
Waterford's Glassworks 'first commercial property to be developed in city in over 20 years'
This week's launch of a flagship office building on the Kilbarry Waterford City site of the legendary crystal plant is a 'historic but important moment in the history of the Glassworks site and the first commercial property to be developed in Waterford in over 20 years'. That's according to letting agents Cushman & Wakefield of the €43m Building One, the advance offer at a proposed €130m, 37-acre enterprise and innovation campus linking industry with South East Technological University (SETU) academic and research facilities. 'Building One', the initial 80,000 sq ft flagship office building of the Glassworks University Enterprise Quarter, is expected to open by Q3 2025 Space at the 80,000sq ft Building One, with floor plates of 17,000sq ft and planned to run free of fossil fuels, is expected to come on stream from Q3 2025 at rents of €32.50psf, with scope for 800 employees. The larger enterprise and innovation campus will accommodate up to 6,000 employees. At its peak in the 1980s, Waterford Crystal employed up to 3,000. The crystal works finally ceased production in 2009, after 62 years, while the undeveloped site since continued to have an enormous significance for the South East region. Crystal clear: entrance foyer of 'Building One' Part of the ambitious Glassworks campus masterplan — to include a 580-bed student accommodation element on an adjacent site — the building is in a pivotal location beside SETU, the IDA business & technology park and the IDA industrial park. Building One will be Waterford's first purpose-built, BER A3-rated office building, meeting LEED Gold and WiredScore Gold standards. Now under advanced construction, Building One is being developed in a joint venture between the Ireland Strategic Investment Fund (ISIF) and Frisby, the second-generation family Waterford-based developers. Cushman & Wakefield are agents for the joint venture scheme, which includes core partner SETU. As a link to the site's legendary crystal manufacturing legacy, Building One incorporates the former Waterford Crystal showrooms, remodelled as offices, with two dedicated ground-floor access points plus strong profile onto the Cork Rd. 'ISIF's commitment to Building One is an example of its double bottom line mandate at work, investing on a commercial basis in a manner designed to support economic activity and employment in the State,' said ISIF director, Nick Ashmore. Further purpose-built buildings allow for enterprise, research, and students 'meeting the same stringent sustainability standards as Building One,' it was stated at this week's formal launch. Building One's flexible floor plates range from 1,400sq ft to 17,000sq ft, with double-height entrance lobby, two lifts, parking, EV charging points, concierge service, cycle storage, and shower facilities, along with landscaped public spaces including seating. The development team say that elements of the new education and enterprise-led development pick up reference points from university enterprise quarters such as the University of Nottingham's Innovation Park and the Cortex innovation district in St Louis, Missouri. The Glassworks launch is 'a defining moment for the region and Ireland as a whole,' said SETU president Veronica Campbell. 'Glassworks will play a pivotal role in Ireland's knowledge economy where students, startups, and researchers can collaborate, test ideas, and create the next generation of ground-breaking products, technologies, and businesses,' she said. Building One is being let by Peter O'Flynn and Siobhán Young of Cushman & Wakefield. DETAILS: Cushman & Wakefield 021 4275454
The Journal
2 days ago
- Business
- The Journal
Former Waterford Crystal site to become part of enterprise centre on university campus
THE FORMER WATERFORD Crystal manufacturing site is to become part of the country's first co-located university enterprise quarter. A 37-acre 'Glassworks' site will be established as part of the €130m plan, featuring offices beside the South East Technological University's (SETU) academic and research facilities. The site will develop to have capacity for up to 6,000 employees, and planning permission has also been granted for a 582-student bed development on adjacent land. It is hoped it can help to improve economic growth, research and education in Waterford and the wider south-east region. The move comes 16 years after crystal manufacturing ended at the Kilbarry site. It has been described as taking inspiration from successful international university enterprise quarters such as the University of Nottingham's Innovation Park and the Cortex innovation district in St Louis, Missouri, US. SETU President Professor Veronica Campbell said Glassworks' launch is a 'defining moment for the region and Ireland as a whole'. Advertisement 'Glassworks will play a pivotal role in Ireland's knowledge economy, where students, start-ups and researchers can collaborate, test ideas and create the next generation of ground-breaking products, technologies and businesses,' she said. The first commercial building is being developed with a €43m investment by a joint venture between the Ireland Strategic Investment Fund (ISIF) and Frisby, the Waterford-based developers. Frisby director Noel Frisby Jr said: 'The crystal factory brought Waterford to the world and now Glassworks will bring the world to Waterford. 'This is a place where research, creativity and business ambition can thrive, and where our regional economy will continue to grow.' Building One, the initial 80,000 square foot flagship office building, is expected to open by the end of the year with capacity for 800 employees, Director of ISIF Nick Ashmore said: 'Glassworks will create unique opportunities for both local and international businesses and act as a cornerstone for the south east's future development. 'ISIF's commitment to Building One is an example of its double bottom line mandate at work, investing on a commercial basis in a manner designed to support economic activity and employment in the state. 'This joint venture, as part of ISIF's city-specific investment programme, will support investment in Waterford as well as Cork, Galway, Limerick and Kilkenny, in the form of new places to work, to live and enabling investments to support these regions.'
Belfast Telegraph
2 days ago
- Business
- Belfast Telegraph
Former Waterford Crystal site to become university enterprise quarter
A 37-acre Glassworks site will be established as part of the 130 million euro initiative, featuring world-class offices beside the South East Technological University's (SETU) academic and research facilities. It is hoped it will act as an engine for high-quality employment, economic growth, research and education in Waterford and the wider south-east region. The site will develop to have capacity for up to 6,000 employees, and planning permission has also been granted for a 582-student bed development on adjacent land. The move comes 16 years after crystal manufacturing ended at the Kilbarry site, It has been described as taking inspiration from successful international university enterprise quarters such as the University of Nottingham's Innovation Park and the Cortex innovation district in St Louis, Missouri, US. SETU president Professor Veronica Campbell said Glassworks' launch is a 'defining moment for the region and Ireland as a whole'. 'Glassworks will play a pivotal role in Ireland's knowledge economy, where students, start-ups and researchers can collaborate, test ideas and create the next generation of ground-breaking products, technologies and businesses,' she said. The first commercial building is being developed with a 43 million euro investment by a joint venture between the Ireland Strategic Investment Fund (ISIF) and Frisby, the Waterford-based developers. Frisby director Noel Frisby Jr said: 'The crystal factory brought Waterford to the world and now Glassworks will bring the world to Waterford. 'This is a place where research, creativity and business ambition can thrive, and where our regional economy will continue to grow.' Building One, the initial 80,000 square foot flagship office building, is expected to open by the end of the year with capacity for 800 employees, Director of ISIF, Nick Ashmore, added: 'Glassworks will create unique opportunities for both local and international businesses and act as a cornerstone for the south east's future development. 'ISIF's commitment to Building One is an example of its double bottom line mandate at work, investing on a commercial basis in a manner designed to support economic activity and employment in the state. 'This joint venture, as part of ISIF's city-specific investment programme, will support investment in Waterford as well as Cork, Galway, Limerick and Kilkenny, in the form of new places to work, to live and enabling investments to support these regions.'
Irish Examiner
3 days ago
- Business
- Irish Examiner
Former Waterford Crystal site to become university enterprise quarter
The former Waterford Crystal manufacturing site is to be transformed into part of the country's first co-located university enterprise quarter. A 37-acre Glassworks site will be established as part of the €130m initiative, featuring world-class offices beside the South East Technological University's (SETU) academic and research facilities. It is hoped it will act as an engine for high-quality employment, economic growth, research and education in Waterford and the wider south-east region. The site will develop to have capacity for up to 6,000 employees, and planning permission has also been granted for a 582-student bed development on adjacent land. The move comes 16 years after crystal manufacturing ended at the Kilbarry site. The former Waterford Crystal manufacturing site is to be transformed into part of the country's first co-located university enterprise quarter. Picture: Sasko Lazarov/ It has been described as taking inspiration from successful international university enterprise quarters such as the University of Nottingham's Innovation Park and the Cortex innovation district in St Louis, Missouri, US. SETU president Professor Veronica Campbell said Glassworks' launch is a 'defining moment for the region and Ireland as a whole'. 'Glassworks will play a pivotal role in Ireland's knowledge economy, where students, start-ups and researchers can collaborate, test ideas and create the next generation of ground-breaking products, technologies and businesses,' she said. The first commercial building is being developed with a €43m investment by a joint venture between the Ireland Strategic Investment Fund (ISIF) and Frisby, the Waterford-based developers. Frisby director Noel Frisby Jr said: 'The crystal factory brought Waterford to the world and now Glassworks will bring the world to Waterford. 'This is a place where research, creativity and business ambition can thrive, and where our regional economy will continue to grow.' An impression of the entrance of Building One, the initial flagship office building of the Glassworks University Enterprise Quarter. Picture: Patrick Browne/PA Building One, the initial 80,000 square foot flagship office building, is expected to open by the end of the year with capacity for 800 employees. Director of ISIF, Nick Ashmore, added: 'Glassworks will create unique opportunities for both local and international businesses and act as a cornerstone for the south east's future development. 'ISIF's commitment to Building One is an example of its double bottom line mandate at work, investing on a commercial basis in a manner designed to support economic activity and employment in the state. 'This joint venture, as part of ISIF's city-specific investment programme, will support investment in Waterford as well as Cork, Galway, Limerick and Kilkenny, in the form of new places to work, to live and enabling investments to support these regions.'
RTÉ News
3 days ago
- Business
- RTÉ News
Former Waterford Crystal site in €130m transformation
The former Waterford Crystal manufacturing site is to be transformed to form part of the country's first co-located university enterprise quarter in a €130 million initiative. The 37-acre 'Glassworks' site is set to feature offices strategically located beside the South East Technological University's (SETU) academic and research facilities. The positioning of Glassworks, on Waterford's Cork Road beside SETU, is aimed to act as an engine for high-quality employment, economic growth, research and education in Waterford and the wider south east region. A media briefing at the site today was told it is expected to eventually have capacity for up to 6,000 employees. Planning permission has also been granted for a 582-student bed development on adjacent lands. It is 16 years since crystal manufacturing ended at the Kilbarry site and the new development aims to take inspiration from successful international university enterprise quarters such as the University of Nottingham's Innovation Park and the Cortex innovation district in St Louis, Missouri. SETU President Professor Veronica Campbell says that Glassworks' launch is a defining moment for the region and Ireland as a whole. "Glassworks will play a pivotal role in Ireland's knowledge economy where students, startups and researchers can collaborate, test ideas and create the next generation of ground-breaking products, technologies and businesses," she said. The first commercial building is being developed with a €43m investment by a joint venture formed between the Ireland Strategic Investment Fund (ISIF) and Frisby, the Waterford-based developers. "The crystal factory brought Waterford to the world and now Glassworks will bring the world to Waterford," said Frisby director, Noel Frisby Jnr. "This is a place where research, creativity, and business ambition can thrive, and where our regional economy will continue to grow." 'Building One', the initial 80,000 sq ft flagship office building, is expected to open by the end of the year. It will have capacity for 800 employees and will be Waterford's first purpose-built, BER A3 rated office building that meets LEED Gold and WiredScore Gold standards. "Glassworks will create unique opportunities for both local and international businesses and act as a cornerstone for the south east's future development," said Director of ISIF, Nick Ashmore. "This joint venture, as part of ISIF's city-specific investment programme, will support investment in Waterford as well as Cork, Galway, Limerick and Kilkenny, in the form of new places to work, to live and enabling investments to support these regions." Its expected that over the coming years, there will be potential for the development of further purpose-built buildings to accommodate businesses, researchers and students.
