In April 2022, US property group Hackman Capital Partners, its studio operator affiliate The MBS Group, and investment firm Square Mile Capital announced plans to open the facility at the former IDA Business and Technology Park. It was to be developed as a joint venture with the Ireland Strategic Investment Fund (ISIF) and Capwell, an investment vehicle owned by the Sisk family.
The site was leased by the IDA to the consortium for the delivery of the project. A 10-year planning permission is in place, and under the terms of the 999-year lease, substantial construction was then required to begin by April 21, 2025. That obligation has not been met.
This prime piece of real estate, worth perhaps a ballpark figure of €60m, sits idle, yet according to the Property Services…