Monday 26 September 2016

Johnny Ronan set to get green light for €200m Ballsbridge block plan

Gordon Deegan

Published 08/04/2016 | 02:30

City Council has raised traffic and servicing concerns over Johnny Ronan’s Project Pegasus plan for Dublin 4 site
City Council has raised traffic and servicing concerns over Johnny Ronan’s Project Pegasus plan for Dublin 4 site
Johnny Ronan

The way could soon be clear for Dublin City Council to give developer Johnny Ronan planning permission for a €200m office block development at Ballsbridge.

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The council raised only traffic and servicing issues concerning Mr Ronan's two office block development that will be six storeys high over three levels of basement.

Project Pegasus will be 52,247 sq m - over five times the 9,789 sq m in gross floor area of the existing four office blocks that are going to be demolished. The promoters of the plan say that when complete, the campus will have the capacity for 2,200 workers. AIB and An Taisce are just two of the parties to lodge objections against the plan.

However, in a request for additional information, the City Council has asked Mr Ronan's firm, RGRE Ballsbridge Developments Ltd, to only submit further traffic analysis and address an issue relating to servicing the site before it can make a decision.

Last year Mr Ronan acquired the site containing four vacant office blocks and surrounding land in front of AIB's Bankcentre building, opposite the RDS grounds on Merrion Road, for €67.5m.

The near four-acre site was sold by a receiver on behalf of Nama and Ulster Bank. It had been acquired in 2006 by Carlow property developer Sean Dunne for a reported €200m.

AIB has retained planning consultants RPS to highlight 'serious concerns' the bank has over the nature and extent of the proposal.

Planning consultants for Mr Ronan's firm have told the City Council that the plan is "modest in scale".

Irish Independent

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