Religious order sells its site for a reported €20m

By Aideen O'Flaherty

AN 8.6 acre site, which adjoins the planned location for a HSE-run primary health care centre on Taylors Lane in Ballyboden, Rathfarnham, has been sold by the Augustinian religious order to a major property developer for a reported €20m.

The site went on the market last March with a guide price of €18m.

religious order compressor

Aerial View of Taylors Lane

Shannon Homes, who are behind a number of sizeable residential developments around Dublin in locations such as Portmarnock, Dun Laoghaire and Stillorgan, acquired the site this week.

The sale was handled by commercial property estate agents GVA Donal O Buachalla, and a feasibility study that was carried out on the site by John Fleming Architects, in advance of the sale, shows that there could be potential for the development of a 212-unit housing development, or a build-to-rent development consisting of 436 apartments at the site, subject to planning permission.

It is understood that the money the Augustinian order has received as a result of the sale of land will be used to support the religious order’s ministry in Ireland, and the order’s missions overseas.

Prev Citywest purpose built office building sold for €10 million
Next 18 retail units at Belgard Square West with guide price of €5.75m
  • Fire in Cookstown Industrial Estate
  • Looking to #ShopLocal?
  • Take a virtual tour around Greenhills Community College with some of its students!
  • #ThinkShopSupportLocal
  • The Square celebrates 30 years in Tallaght

We use cookies to improve your experience on our site, personalise content, provide social media features, analyse our traffic, show you relevant advertising and to target and report on ads. By using the site, you consent to the use of cookies that may process personal data for these purposes.