North Dublin site with full planning for 1,937 homes for €50m

With demand for housing approaching what are arguably unprecedented levels, the sale by developer Gerry Gannon's Gannon Properties of a substantial 'shovel ready' site at Clongriffin in north Dublin will be keenly watched.

Extending across a total area of 29 acres, the lands are located immediately adjacent to Clongriffin train station and come with full planning permission for 1,937 apartments and 22,278sq m (239,798sq ft) of commercial space.

Agent Savills is understood to be readying the property for sale with a view to bringing it to the market in the coming weeks. While a spokesman for the selling agent declined to comment on the matter, the lands are likely to command a guide price in the region of €50 million.

According to the terms of the planning permission obtained in 2019, the approved scheme provides for the development of a mix of Build-to-Rent, owner-occupier and social and affordable units across 15 blocks. The majority of the permitted scheme, or around 1,130 units, will be aimed towards the private rented sector (PRS) market.

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The original masterplan for the wider 53-hectare Clongriffin site in 2003 provided for 3,600 residential units. The subject site represents part of the final development proposals for Clongriffin which is located 9.5km to the north-east of Dublin city centre.

The lands are expected to see significant interest from developers and investors given their shovel-ready status. The site’s readiness is reflected by the fact that the bulk of its infrastructure is already in place including roads, a rail station, water and drainage, as well as social and community facilities.