Advisory firms Savills and Cushman & Wakefield, as joint selling agents, have placed on the market a 18,600 m2 site in Dublin dubbed Project Waterfront for €120 mln.
The property consists of two adjacent buildings located in Dublin’s Docklands.
‘Project Waterfront provides one of the last opportunities to acquire a waterfront site in the Docklands with planning permission for substantial residential and commercial schemes of development,’ the agents commented in a joint press release.
‘These prime development sites will become an integral part of the urban rejuvenation underway in Dublin’s north docklands and presents a unique opportunity to secure scale in one of the city’s most in-demand locations,’ they added.
The development site will be sold in three lots. The first lot has planning permission for two residential schemes ranging in height from 6 to 11 floors and with space for 420 apartments. The second lot has planning permission for four office buildings ranging in height from 6 to 8 floors and a total area of 27,900 m2. It is also possible to buy the two lots together.
The commercial scheme was granted a 10-year planning permission, whereas the residential scheme has a five-year permission. Both terms were granted in December 2017.
