Property company Kennedy Wilson has entered a joint venture with the National Asset Management Agency (Nama) to develop 313,000 square feet of office space and 204 apartments in the Dublin docklands.

The two have submitted a planning application to develop “Capital Dock” on Sir John Rogerson’s Quay in Dublin 2.

Extending over 4.8 acres, the site is one of the largest undeveloped sites in Dublin’s central business district and will deliver over 600,000 square feet of new space.

It will include 313,000 square feet of office space across three buildings and 204 high-quality residential units across two buildings, one of which will incorporate a 19 storey tower.

Kennedy Wilson said site assembly was finalised at the end of last year following the completion of a joint venture arrangement with Nama. This entailed Kennedy Wilson and Nama merging their adjacent sites at Sir John Rogerson’s Quay.

Kennedy Wilson Europe managing director Peter Collins said Capital Dock's water views on two sides along with the the level of public amenities being developed should prove very attractive to office users looking to locate in south docklands.

“This development will have a transformative effect, not only on the skyline of the Dublin docklands, but on the public social, cultural and business realm in this part of the city.”

Kennedy Wilson expects to obtain planning later this year and to commence on site in early 2016, with the first office building available in 2017.