A DEVELOPMENT company going into NAMA has been given permission to build more than 600 new homes in south Dublin.
Cosgrave Developments -- owned by brothers Joe, Peter and Michael -- has been given the green light to build the second phase of a massive housing scheme on the former home of Dun Laoghaire Golf Club.
Construction work on the first phase of 848 units is already under way, and yesterday An Bord Pleanala granted planning permission for 605 more units, saying that despite the lack of an overall plan on how the area should be developed, it constituted 'proper' planning.
The company bought the land in 2002 in a land swap and cash deal which gave members €20m in cash and a new club in Co Wicklow in return for the 78-acre site.
Objectors said the development should not go ahead until a Local Area Plan for Dun Laoghaire was completed.
However, the board found the application was not 'premature', and overruled its inspector's report which said permission should be refused.
"In deciding not to accept the inspector's recommendation to refuse permission, the board considered . . . the coherent approach being followed to the overall development of the former golf club lands," it found.
"The proposed development, therefore, would be in accordance with the proper planning and sustainable development of the area."
It also said that the high density was acceptable at the location and that the scheme would not be intrusive.
The permission lasts for seven years and allows construction of 605 new homes. They include 118 one-bedroom apartments, 342 two-bed units, 110 three-bed apartments and seven four-bedroom units.
Fifteen five-bedroom houses and two seven-bedroom homes are also planned. The apartments will be in six blocks, rising to seven storeys.
A management office, five parks, a bring centre and a creche will also be built.
Cosgrave Developments was not available for comment yesterday.
Work on the first phase of units, offices, shops and an eight-acre park, began last year and units are expected to go on sale in the coming weeks.
Two-bedroom apartments in Dun Laoghaire were on sale yesterday for €350,000. It is unclear what the units on the Dun Laoghaire Golf Club lands will cost.