Go-ahead for student homes on Frawley's site
Published 19/02/2016 | 02:30
The fate of the site on which landmark Dublin store Frawley's operated for more than a century has been sealed after UK firm Hattington Capital secured planning permission for a €25m student accommodation scheme there that will have nearly 250 units.
Hattington Capital's student housing division has been given the go-ahead for the project by Dublin City Council almost a year after first submitting plans for the development.
Hattington Capital was founded by and is headed by Frederick Goltz, a former executive with private equity giant Kohlberg Kravis Roberts.
Its executives also include Irishman John Harrington, a former associate partner at Harrington Bannon, now BNP Paribas Real Estate.
The scheme on Thomas Street marks Hattington's first student accommodation project in Dublin.
The council has indicated it will grant permission for the Thomas Street project, subject to a number of conditions.
They include a reduction in the overall number of permitted bedspaces.
The Liberties area site was once owned by developer Liam Carroll. It's believed that Hattington bought the site from the receiver for around €2.5m.
Frawley's closed in 2007 after more than a century of trading on the site.
There are about 80,000 full-time students in Dublin and another 100,000 language students.