A mixed use development opportunity at the heart of Cherrywood Town Centre in South Dublin has been brought to the market by joint selling agents CBRE and Savills, with a guide price of \u20ac40m.<\/p>\n
The site is located within the Cherrywood Strategic Development Zone (SDZ) and extends to about 8.65 acres.<\/p>\n
Cherrywood comprises a 388-acre master planned urban district, with physical and social infrastructure already delivered and a projected population of more than 35,000 residents upon full completion.<\/p>\n
The lands put up for sale are positioned at the core of Cherrywood Town Centre and are designated Town Centre (TC) within the SDZ Planning Scheme.<\/p>\n
A detailed architect-led feasibility study, prepared by architects Henry J Lyons & Allford Hall Monaghan Morris, showss the potential to deliver a major, high-density, mixed-use scheme anchored by more than 600 apartments, along with about 30,000 sq m of retail, leisure and complementary uses – subject to planning.<\/p>\n
John Swarbrigg, Development, Agency & Consultancy at Savills, said that Cherrywood has evolved significantly over the last number of years, having gone from an exciting suburban development concept, to a highly sought after and established residential destination.<\/p>\n
“The subject property offers a buyer the ability to capitalise on this sustained residential demand, as well as presenting an opportunity to deliver the long-awaited town centre, comprising a mix of retail and leisure accommodation, which is expected to be anchored by one of the country’s leading grocery retailers,” he added.<\/p>\n
Peter Garrigan, Development Land & Consultancy at CBRE Ireland, said that opportunities of this scale and quality within an established Strategic Development Zone are exceptionally rare.<\/p>\n
“Cherrywood Town Centre is already functioning as the commercial and social hub of a fully serviced new urban district, and the underlying feasibility clearly demonstrates the capacity for a high density, residential led scheme that aligns with national housing and compact growth objectives,” he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"A mixed use development opportunity at the heart of Cherrywood Town Centre in South Dublin has been brought…\n","protected":false},"author":2,"featured_media":505713,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,61,60],"class_list":["post-505712","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-ie","tag-ireland"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/505712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=505712"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/505712\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/505713"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=505712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=505712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=505712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}