46 Discounted Rent apartments at Google’s Bolands Mills

Local key workers can avail of homes with rents up to 36% below market rate

Clúid is pleased to announced the launch of new discounted rent homes located at Google’s recently redeveloped Bolands Mills quarter.

The homes are located in a renovated heritage building and a newly constructed building on Barrow Street, Dublin 4. These homes will be on a 25-year lease to Clúid from Google with the intention of letting them to local key workers in the area for below-market rent. The apartments will be advertised from tomorrow, Wednesday 19 February.

Rents
The scheme comprises 35 two-bed apartments, 10 three-bed apartments, and one larger three-bed apartment with discounted to market monthly rents:
● Two-bed apartment €1,710 (35 units)
● Three-bed apartment €1,850 (10 units)
● Large Three-bed apartment €2,100 (one unit)

According to the latest Daft.ie report (Q3 2024), the Bolands Mills two-bed and three-bed apartments represent a significant discount for many residents of the area, at respective rates of 27% and 36% below current market averages in Dublin 4.

Key workers
A unique aspect of this scheme is that it will target key workers in the local Docklands community. A ‘key worker’ is defined as an employee who provides a vital service for the local community and wider society, especially in areas including but not limited to; public safety, healthcare, education, transport, law and order and infrastructure.

Local connection
There is a requirement that applicants are able to demonstrate a connection to the local area. The local area is defined as within a 1.5km radius of Bolands Mills. Examples of a connection to the area include being born and raised there, living in the area for a minimum of five years, immediate family living in the area for a minimum of five years, and/or working in the area.

Eibhlin O’Connor, Chief Commercial Officer of Clúid Housing, said: “As a not-for-profit housing organisation with 30 years of experience in managing and maintaining homes, we understand the importance of providing high-quality housing options for multi-occupant households, whether families or individuals who are sharing. We have benchmarked the rents against front-line worker salaries to ensure they are accessible and sustainable for those who play a vital role in our society. In addition to the discounted to market rent, BER ratings of B for the heritage building and A for the new tower means these apartments will be economical to run. Their central location also means that residents can walk or cycle to work and access many key local amenities. Bolands Mills is well connected to the city and greater Dublin area through well serviced bus and rail links.

Speaking of Clúid’s involvement in Bolands Mills, O’Connor explained: “We were delighted to be selected by Google as the Approved Housing Body to manage the Bolands Mills apartments, and our collective aim is for this project to support key workers with strong connections to the Docklands area. It’s incredible to see a multinational like Google give back to the local community in such an impactful way and hopefully it inspires others to invest in similar community initiatives. Bolands Mills is not just a housing development; we believe in building enduring and collaborative relationships with our residents, creating a sense of belonging and community spirit. We’re looking forward to welcoming over 100 residents to the complex in the coming months.”

Vanessa Hartley, Head of Google Ireland, said: “Google has been part of the Docklands community for over 20 years now and we are proud to call this part of the city our home. We’re delighted to partner with Clúid to provide these discounted rental apartments, helping key workers who are vital to our local area and society to live close to where they contribute so much. We’ve always envisioned Bolands Mills as a place that supports and enhances the neighbourhood, and this partnership is a significant step towards that goal.”
The application process will open tomorrow Wednesday, 19 February on clúid.ie and Daft.ie and will remain open for two weeks. Applications will be assessed by a third-party provider, Occu Living. These apartments will be ready for the selected residents in Spring 2025. More information on the apartments and eligibility criteria can be found on cluid.ie.

Find out more about Discounted Rent at cluid.ie/discounted-rent