Wednesday 26 June 2019

Ronan selling prime D4 residential site

Developer Johnny Ronan. Photo: Steve Humphreys
Developer Johnny Ronan. Photo: Steve Humphreys
Donal O'Donovan

Donal O'Donovan

Developer Johnny Ronan is lining-up a sale of a prime Dublin residential development site with full planning permission for high-end apartments.

Joint Agents, Knight Frank and Colliers International are guiding €4.5m for the prominent 0.23-acres (0.09 hectares) site at the junction of Appian Way and Leeson Street Upper, between Donnybrook and Ranelagh.

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The site has full planning permission for a scheme of 16 luxury apartments -designed by award-winning architects Shay Cleary Architects -, in a single five-storey over-basement block, including a three-bedroom penthouse. The small size of the scheme means it is exempt from the so-called Part V requirement to include social housing.

The planning was secured in 2016 and regulatory changes since then may now allow for a higher-density development.

Its understood Mr Ronan is selling the site as his Ronan Group focuses on large-scale commercial schemes.

Irish Independent

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