|Address:||Iconic Offices, |
The Greenway, Ardilaun Court,
112-114 St Stephen’s Green, Dublin 2,
Dublin-listed housebuilder Glenveagh Properties has signed a deal to acquire a two-hectare site in Dublin’s north docklands with plans to deliver more than 450 residential units.
The acquisition, which marks Glenveagh’s first in the docklands area, is valued at more than €40 million.
The site on East Road is located near to both the International Financial Services Centre (IFSC) and the so-called “Silicon Docks” area.
“This acquisition will give us first-mover advantage to deliver a significant number of residential units in Dublin’s north docks where there is exciting regeneration potential. This acquisition demonstrates our ability to deploy the equity proceeds from our initial public offering (IPO) in a timely fashion,” said Glenveagh co-founder and chief executive Justin Bickle.
He said the housebuilder expected to announce more acquisitions in 2018.
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