Irish Residential Property REIT receives 428-unit Dublin approval – Irish Residential Properties REIT has been granted planning permission for its 428 unit residential development at Rockbrook in Sandyford, Dublin 18, through the strategic housing development planning process. The permission provides for a scheme consisting of 428 apartments in two blocks (32 studio apartments, 122 one-bedroom apartments, 251 two-bedroom apartments and 23 three-bedroom apartments), a crèche, 4 local retail/commercial units and residents communal space.
The Rockbrook site benefits from partially completed below-ground infrastructure and car parking, and is adjacent to the company’s existing assets in Sandyford as well as excellent transportation links to Dublin City Centre including the Luas light rail service.
Commenting on the planning approval, Margaret Sweeney, CEO of IRES said: “The receipt of planning permission for the development of our site at Rockbrook in Sandyford, Dublin 18 was a key strategic objective for our growth strategy. We engaged in a detailed pre-submission process to ensure that the application met all of the requirements for a strategic housing development.”
About IRES
IRES is an Irish REIT listed on Euronext Dublin. The company is the first REIT established in Ireland primarily focused on residential rental accommodations. The company will continue to seek to acquire, hold, manage and develop investments primarily focused on residential rental accommodations in Ireland. IRES currently owns 3,607 residential units with an additional 278 units due for delivery between now and 2021 under pre-purchase contracts. The company also has planning approval to develop an additional 628 residential units on its existing sites.
IRES: Irish Residential Property REIT receives 428-unit Dublin approval
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