Internet culture has revolutionized the whole game be it business, glamour or anything else. Internet has diversified each and every aspect of our daily life. Where many businessmen shifted their paper work culture to online data and management, some people made Internet as the source to publicize their software programs.
Facebook developer Mark Zuckerberg became on of the richest people after he introduced Facebook to the world, which is being used by millions of users through Internet. Google is the most used search engine throughout the world. It has a worth of around 110 billion US dollars which is a hefty amount. Google provides its users with quick results for any word been searched.
Bolands Quay sold to Google:
The NAMA-appointed receiver to Bolands Quay, Mark Reynold, has confirmed the sale of Bolands Quay to Google. Google has agreed to acquire the Bolands Quay completely. The office accommodation will be retained by Google while a commercial letting agent will be hired to manage the letting of remaining premises and apartments.
The Bolands Quay will be linked with the EMEA headquarters of Google at Barrow Street via walking routes. The construction of a pedestrian bridge and two plazas with water frontage to Grand Canal Dock, will take place as a result of the development. The historic buildings present in the surroundings will be restored to keep a heritage touch in the environment. It will be sympathetically done to preserve some conventional taste. Since 2003, Google has invested around 1 billion Euros in Ireland while announced another 150 million Euros extension last week.
What do experts say??
Experts have shared their opinions and there exist different point of views to the latest development made by Google as it bought Bolands Quay. “NAMA is pleased at the progress which has been made in developing this landmark site which will bring much-needed office, retail and residential accommodation to the city.
The acquisition of Bolands Quay by Google is a significant vote of confidence in the Irish economy and in the future of its operations here and NAMA is very pleased to have been part of this successful outcome for all parties,” said the Chief Executive of NAMA, Brendon McDonagh. Fionnuala Meehan, the head of Google in Ireland, said,” “We are delighted to announce the acquisition of Bolands Quay. Google was the first multinational company to establish operations on Barrow Street in 2005 and it is fantastic to see how the area has developed since then. With this investment, Google is ensuring we have the space to continue to grow our EMEA HQ operations into the future. This is a really exciting time for Google and follows on from our recently announced in
vestments in Velasco and in our Data Centre in Grange Castle south”. Mark Reynolds, the receiver of Savills expressed his thoughts saying, “Securing the sale of the entire campus to one owner-occupier, has significantly de-risked the project and has justified the decision to build out the entire scheme. The sale allows the team to focus on delivering this magnificent new development, in a smooth and timely fashion, in conjunction with the new owner Google. The vision set out for Bolands Quay is now becoming a reality and the sale reinforces the quality of the planning permission secured and design credentials of the project. Also credit must be given to Dublin City Council as Planning Authority on delivering an SDZ Planning Scheme that works.”
Overall, the experts and officials have claimed it as a very positive step by Google to further enhance their position globally. The experts of Ireland have regarded is as a potential development which will assist the country in long run.