Business magnates Mr JP McManus and Mr John Magnier (Coolmore Stud, Co. Tipperary), together with Cork property developer Mr Michael O’Flynn, are partnering, to develop an 860-acre site in west Co. Dublin.
The Irish Times newspaper reports that this joint venture group, involving the aforementioned, are currently preparing a masterplan for this site, understood to be situated between Lucan and Castleknock.
The venture is expected to deliver more than 5,000 new homes, together with a large public park and other amenities.
Planning consultants for the trio have already engaged in early-stage discussions with South Dublin County Council and Fingal County Council on their plan to develop this extensive landbank, which is currently being used, for the most part, for agricultural purposes.
We understand that this venture group plan to develop about 400 acres of this site for housing, with more than 5,000 units envisaged, subject to planning permission, with 20% of this accommodation to be offered for social and affordable housing.
About 265 acres of the site would be set aside for a Liffey Valley public park at Edmundsbury, which would be handed over for community use.
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