| 15.8°C Dublin

Glenveagh pays around €15m for lands near Leixlip Castle


Leixlip Castle

Leixlip Castle

Leixlip Castle

Glenveagh, the publicly quoted housing developer, has acquired 36.38 acres of land which had been part of the Leixlip Castle estate on the edge of Leixlip, Co Kildare. The company and the selling agent declined to comment but it is understood to have paid more than €15m.

Not all of the land will be developed for housing as only less than half, 16.46 acres, are zoned new residential, while 3.77 acres are zoned open space and amenity and 15.97 acres are zoned strategic open space with the latter to provide for and improve recreational amenity open space and green infrastructure networks.

Some of the non-residential lands bound the M4 motorway, another part is bounded by Celbridge Road and it is also close to Leixlip Park, Wogansfield and Barnhall Meadows housing estates.

Glenveagh sold out its development of 450 houses at Barnhall Meadows which came in nine different house types ranging from two-bedroom mid-terraced houses to four-bedroom detached houses and in size from 926 to 2,314 sqft.

Demand for housing is strong in Leixlip as its major employer, the computer chip maker Intel, has hired a property professional to seek out rental properties for its employees.

Leixlip Castle was made famous by its late owner Desmond Guinness, who died in 2020. There he entertained the likes of former US first lady Jacqueline Kennedy, film director John Huston, Mick Jagger and Marianne Faithfull, as well as Britain’s Princess Margaret.

Business Newsletter

Read the leading stories from the world of business.

This field is required

Most Watched