21

Apr

2021

Ronan Group Real Estate receives planning approval at Town Centre 3 in Cherrywood

– Permission granted for 198 built-to-rent apartments, 12,151 sq metres of office space and 1,431 sq metres of café and restaurant space as part of a new urban quarter in Cherrywood.

Ronan Group has welcomed the confirmation of planning permission by Dun Laoghaire-Rathdown County Council to construct a mixed-use development at Town Centre 3 (TC3) in Cherrywood, consisting of 198 built-to-rent apartments, 12,151 sq metres of office space and 1,431 sq metres of café and restaurant space. The project is next to Brides Glen Luas Stop, with immediate motorway access to the M50 and M11.  The development will prioritise sustainability through world-class energy efficiency and a focus on liveable communities created through careful placemaking.

Town Centre 3 in Cherrywood

The TC3 scheme sits within the Cherrywood development between Cabinteely and Loughlinstown in South County Dublin. Cherrywood is the largest single urban development project in Ireland and will eventually be home to approximately 25,000 people. Ronan Group describes this as “the first step in a far-reaching residential pipeline in Cherrywood, which will ultimately deliver a new 1.3 million sq feet neighbourhood, with 800,000 sq feet of office space and over 900 built-to-rent apartments. The site is adjacent to another proposed Ronan Group development at Lehaunstown, a 40-acre greenfield site that could ultimately deliver over 1,500 residential homes.

A sustainable and liveable community

Gavin Wyley, Head of Residential, Ronan Group, said: “We are delighted to have received planning permission for this exciting development, and we look forward to creating a sustainable and liveable community in Cherrywood. This development will provide much-needed homes. Residents will have access to some of the best amenities in Ireland, with enviable transport links including Luas, DART and M50 & M11 motorways all nearby. At a time of severe national need for housing, Ronan Group is delivering premium homes across Dublin, including at Spencer Place, Dublin’s first purpose-designed Built-to-Rent scheme, which incorporates 464 apartments and 93 co-living units, with first-class amenities.  Ronan Group has a current development pipeline in Ireland of over 10 million sq feet of best-in-class office and living space, and we continue to set the market standard for real estate innovation and quality.”

Ronan Group

Ronan Group is currently developing the new Salesforce Tower at Spencer Place, Dublin 1, which is set to be the greenest Salesforce Tower in the world.  The company is also on site on the new Facebook EMEA HQ at Fibonacci Square, Ballsbridge, which will be home to more than 8,000 employees. Together with NAMA, Lioncor and Oaktree Capital Management, Ronan Group intends to develop the Glass Bottle site in Ringsend, Dublin 4, with the potential to deliver up to 3,800 residential units (including 25% social and affordable) and 1 million sq feet of commercial space, with extensive community open spaces.

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