Eversheds Sutherland advises on procurement of PPP investment at DIT campus

Eversheds Sutherland has advised the National Development Finance Agency (NDFA) on the procurement of a public-private partnership (PPP) agreement for the construction of two new buildings at DIT’s Grangegorman campus.

The two flagship new buildings, the Central Quad and East Quad, will together provide 52,000m² of academic space and cater for 10,000 students and 600 staff by the 2020/21 academic year.

The construction contract has been awarded to the Eriugena consortium, which is 100 per cent owned by Macquarie Capital Group Ltd and is supported by a construction joint venture between Sisk & Son (Holdings) Ltd and FCC Ireland Ltd and by facilities management services provider Sodexo Ireland Ltd.

The project is funded by the European Investment Bank, MUFG, Sun Life Investment Managers and Talanx Asset Management.

Procurement was undertaken by the NDFA, part of the National Treasury Management Agency, on behalf of the Department of Education and Skills as sanctioning authority and the Grangegorman Development Agency (GDA) as sponsoring agency.

Angelyn Rowan, partner at the law firm, said: “This is a major milestone in the development of the DIT campus at Grangegorman and we would like to congratulate all those involved in the PPP.”

Ms Rowan added: “We were honoured to act as legal advisers to the National Development Finance Agency, as agent for the Minister for Education and Skills, on the project.

“The campus development, with state of the art facilities, will no doubt be a major enhancement for student life at DIT, the surrounding area and for Dublin itself.”