Cabinteely site with potential for 400 homes seeks €23m-plus

Brennanstown plot, once subject of a dispute involving developer, is 29.4 acres

A substantial residential development site of about 29.4 acres, with the capacity to build almost 400 homes in a prime south Dublin area, has come to the market seeking what is understood to be in excess of €23 million.

The “Brennanstown” plot, which is available in one or more lots, is situated off the Brennanstown Road, one of Dublin’s premier postal addresses, close to the villages of Cabinteely and Foxrock.

It is also close to the Green Luas line, and the site benefits from extensive frontage on to the Brennanstown Road and extends as far south as the Luas Green line at Laughanstown. The site, which is situated within the Cherrywood SDZ, is largely undeveloped and contains five existing residential units.

Brennanstown Road itself has been home to a marked step-up in construction of late.

Park Developments is currently readying a launch in Brennanstown Wood, a mix of large spacious three-, four- and five-bedroom family homes, while Cairn Homes is planning an upmarket apartment and luxury home development, Barrington, also on the road.

The site was previously placed on the market back in 2018 for €35 million, but was withdrawn after developer Johnny Ronan issued High Court proceedings against a Nama-appointed receiver over the sale. The dispute arose over a right of way across the land.

Mr Ronan was subsequently reported to be interested in acquiring the land for about €29 million in 2020, but this sale didn’t proceed.

Source The Irish Times