Planners to rule on 500-home scheme
The supply of new homes in south County Dublin could be in line for a boost of nearly 500 units with plans submitted to An Bord Pleanala for consideration under the Government's temporary fast-track planning application system.
Pearse Farrell, of receivers Duff Phelps, has sought a pre-planning consultation for the development of 482 apartments on the site of Cork developer John Fleming's Rockbrook scheme in Sandyford.
Should the proposal receive the green light, the site would jump in value immediately, opening up the prospect of its sale to both developers and investors.
Ireland's biggest private landlord, Ires Reit, would be one obvious buyer given its existing interests in Sandyford, both within the wider Rockbrook scheme and at nearby Beacon South Quarter.
In the case of Rockbrook, Ires Reit is currently awaiting a ruling from An Bord Pleanala on its appeal of Dun Laoghaire Rathdown County Council's refusal of its application for the development of 467 apartments.
Were An Bord Pleanala to approve both Rockbrook proposals, the pipeline supply of new apartments at Sandyford, an area of proven demand, would increase by 949 units.
Sunday Indo Business