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Report: Google nears deal for €170M Dublin mixed-use development

Google Inc. agreed to heads of terms for the entire €170 million, 36,851-square-meter Boland's Quay scheme in Dublin's docklands with National Asset Management Agency-appointed receiver Savills Ireland, the Irish Independent reported.

The project by BAM Ireland is set to feature a 25,455-square-meter office space, 41 waterfront apartments and a 1,394-square-meter retail and commercial space. The apartment block will stand 15 stories and 47.8 meters tall; the 13-story office block will be 49 meters high; and a third building will be the tallest at 53 meters.

If the deal goes through, the property will represent the tech giant's most significant investment in the Dublin property market to date, according to the paper.

Google and Savills refused to comment on the trade, the Irish Independent said, adding that the internet giant's negotiations with owners of the Treasury Building on Dublin's Grand Canal Street are ongoing.

Further in Dublin, the California-based company agreed to lease 52,900 square feet of vacant office space at Kennedy-Wilson Holdings Inc.'s Chase Building in Sandyford and opened its latest offices at the 51,000-square-foot Velasco Building on Grand Canal Street.