Donnybrook residents oppose €8m scheme
Residents of Dublin's upmarket Donnybrook area are up in arms about an €8m redevelopment project being planned by UK property giant U+I, formerly known as Development Securities.
The company acquired the vacant Donnybrook House in 2014 for €9m and wants to spend nearly the same amount again rehabilitating the building to include offices, a gym and restaurant. Planning permission existed for a development on the site when U+I acquired it from US private equity firm Starwood.
But U+I then submitted proposals to the council to make amendments to that existing planning permission, and also to extend the permission for five years.
Dublin City Council approved the plans, but a residents' committee is opposed to them and is taking the fight to An Bord Pleanála. The association argues that the proposed development will "seriously impinge" on the residential nature of the area.
U+I has been involved in the Dublin property market since 2013.