Market Leads & Opportunities

Plans for redevelopment site in Dublin

Countries: Ireland

Category: Leads
Sector: Tracker
Source: http://www.developmentsecurities.co.uk/
Link: http://www.developmentsecurities.co.uk/
Organisations Involved: Development Securities
Web Addresses: http://www.developmentsecurities.co.uk/
Opportunity Description: Build, construction, warehouse, office, car-parking
Location: Sandyford, Dublin
Estimated Value: €6m

Development Securities, the British-listed property company, has paid €6m for a 1.8-acre redevelopment site in Sandyford, Co Dublin.

The site includes a 3,902sq m (42,000sq ft) office and warehouse building along with 107 car-parking spaces let to Avid Technology International until April 2017.

The initial yield will be 12.75 per cent, according to the new owner.

A planning application for the redevelopment of the site is currently being considered and provides for a mixed-use development that will include up to 140 residential units and 929sq m (10,000sq ft) of commercial space.