Monday 21 October 2019

Davy Hickey unit plans almost 500 homes on key Navan site

Past projects: The company developed Citywest Business Campus in Dublin
Past projects: The company developed Citywest Business Campus in Dublin
John Mulligan

John Mulligan

A company owned by Davy Hickey Properties is planning to build almost 500 homes on a site at Navan in Co Meath it acquired in 2016 for more than €6m.

The site surrounds Belmont, a period house which had been home to the Spicer family. Coindale, the firm owned by Brendan Hickey and Hugh Lynn's Davy Hickey Properties, has entered initial consultations with An Bord Pleanála regarding the development of the site under the Strategic Housing Development rules.

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It aims to build 317 houses, 58 apartments and 12 duplex apartments on the land. A crèche will also form part of the development. Davy Hickey Properties is perhaps best known for its development of the Citywest business campus in Dublin.

The price paid for the 44-acre Navan site in 2016 was a €2.4m premium to the €4m guide price that was attached to the land when it went up for sale.

It fronts onto Academy Street on the Dublin Road and is close to Navan town centre and the River Boyne. Navan is a significant commuter town for Dublin.

The sale of the site followed the collapse of the Spicer family's bakery business. It closed in 2012, having already been in receivership. The family's business had been established almost 180 years earlier.

Developers can go straight to An Bord Pleanála under the Strategic Housing Development (SHD) rules. It means they don't first have to seek permission from local councils. The planning agency is dealing with a huge volume of such applications and has recently been assessing plans for as many as 4,000 apartments in Dublin alone. However, applications with a total number of more than 7,800 dwellings are currently being assessed by the planning watchdog. They include houses, apartments and student accommodation units.

There are currently 30 SHD applications under consideration.

The SHD process delivered permission for 7,102 housing units and 4,479 student bed spaces last year.

In the first full year of the legislation that initiated the scheme, An Bord Pleanála last year granted planning permission to 3,284 houses and 3,818 apartments along with the student bed spaces.

In 2018, 39 SHD applications were assessed, with planning granted in 27 cases.

Irish Independent

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