Treasury Holdings, through its Real Estate Opportunities vehicle, has secured full planning permission for the €800m (£700 m) regeneration of Ballymun Town Centre in north Dublin close to the airport.
At 255,000 sq m, Spring Cross as the development will be known, represents the largest mixed use town centre permission that has ever been granted in Ireland. The scheme includes 360 apartments, 60,000 sq m of retail, 35,000 sq m of offices and 11,000 sq m of other uses including a substantial leisure and civic amenities offer with cinemas, bowling alleys, a public library and restaurants.
Ray Horney, chairman of REO, commented: “This project is a flagship in the Company’s Irish portfolio and we are confident we can commence construction in 2010.”
