Planning cleared for Dublin's Ballymun Town Centre

Real Estate Opportunities (REO), developers of the Battersea Power Station site, has secured full planning permission for the EUR 800 mln regeneration of Ballymun Town Centre in north Dublin close to the airport.

At 255,000 m2, 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 m² of retail, 35,000 m² of offices and 11,000 m² of other uses including a substantial leisure and civic amenities offer with cinemas, bowling alleys, a public library and restaurants.

The Spring Cross scheme will regenerate the existing town centre and REO is in advanced stages of negotiations with key anchor tenants. Ballymun, located close to the M50 Dublin Ring Road, has been transformed in recent years with many new homes and the recent opening of the Republic of Ireland's first Ikea store, a short walk from Spring Cross. The project will also benefit from direct access to the confirmed Metro North route that will link the airport with Dublin city centre.

REO is listed in London, Dublin and The Channel Islands with an established investment and development property portfolio in Ireland and the UK.