DUBLIN: Bord Pleanála gives green light to demolition of a retail park on Naas Road in Dublin as part of a mixed-use development.
The project, planned by Shorevale Investments Ltd., part of Allied Retail Estate Group (AREG) headed by experienced property developers Adrian Langan and Cathal McGinley, is expected to cost around €500m.
The mixed-use development project, which will include as many as 1,102 apartments, is being planned at the Royal Liver Assurance Retail Park on the Old Naas Road, Dublin 12.
It will consist of nine buildings, ranging in height from seven storeys to an 18-storey building, which will also include offices, crèche, community, retail, gyms, movie theaters, cafés, bars, restaurants, medical centres and pharmacies, with a total gross floor area of 129,210 sq m. The project will also include a plaza area.
992 apartments will be build-to-rent units and of these 203 will be shared accommodation for single occupancy bedrooms. The other 110 units will be for sale. The 18 storey building will accommodate 16 floors of offices extending to 17,002 sq m with a café on the ground floor.
The director of the Dublin-based Barina Property Group, Adrian Langan is involved in the development of more than 2,000 residential units with a combined gross development value of over €600m. AREG bought the retail park in 2018 for €25m.