Saturday 21 April 2018

Plans unveiled for more than 3,000 homes at new development in south Dublin

An aerial view of the retail centre in Cherrywood.
An aerial view of the retail centre in Cherrywood.
The new retail centre planned for Cherrywood.
The Cherrywood land bank, which Hines bought for €270m last year

Peter Flanagan, Commercial Property Editor

Plans have been unveiled for more than 3,000 homes as well as shopping and office space at a new development in south Dublin.

The US investment firm Hines launched its Cherrywood plan, which will effectively create a new suburb in the capital.

Hines bought the Cherrywood site close to the N11 dual carriageway for €272m last year. It made clear from early on that it planned to develop the property itself.

The development involves the building of a new town centre, schools, leisure facilities, and about 3,800 new houses and apartments, as well as 170,000 sq m of office space.

Hines’ boss in Ireland Brian Moran said his company was “poised” to be start construction, with access roads to be built from this autumn.

“[Cherrywood] will be a landmark development integrating new homes, retail, work and leisure facilities within an urban design framework never previously seen in Dublin or in Ireland,” he said.

Hines is holding a series of open days this week for the public to view the plans. The plans can be viewed at Cherrywood Business Park.

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