Extending to approximately 8.65 acres, the site is located within the Cherrywood Strategic Development Zone (SDZ), one of Ireland’s largest and most significant government designated growth areas. Cherrywood comprises a 388-acre master planned urban district, with extensive physical and social infrastructure already delivered and a projected population of more than 35,000 residents upon full completion.

King Street Capital Management & Hines, who control the land holding, have played an integral role in unlocking and delivering Cherrywood to date. The owners have been central to the provision of the social and enabling infrastructure underpinning the SDZ, including transport connectivity, public realm, award winning parks and community amenities, supporting the development of Cherrywood as a fully functioning urban centre.

The lands are positioned at the core of Cherrywood Town Centre and are designated Town Centre (TC) within the SDZ Planning Scheme. A detailed architect-led feasibility study, prepared by renowned architects Henry J Lyons & Allford Hall Monaghan Morris, demonstrates the potential to deliver a major, high-density, mixed-use scheme anchored by 600+ apartments, alongside approximately 30,000 sq m of retail, leisure and complementary uses, subject to planning.

The feasibility study envisages a landmark residential led scheme, integrating homes, retail, public realm and community use with residential accommodation positioned above an active town centre environment. Significant enabling and infrastructure works have already been completed, including bulk excavation to basement level and preparation for a basement car park, materially reducing development lead in risk.

Cherrywood is already established as a thriving new urban area, with well over 5,000 homes delivered or under construction, extensive employment space, flagship parks and social infrastructure in place. The town centre benefits from direct access to the Luas Green Line, immediate connectivity to the M50 and N11, connecting the lands to Dublin City Centre and Dublin Airport.

Importantly, the site sits within a live SDZ planning framework, which is designed to provide clarity, consistency and certainty around development outcomes.

Commenting on the sale, Peter Garrigan, Development Land & Consultancy at CBRE Ireland, said:

“Opportunities of this scale and quality within an established Strategic Development Zone are exceptionally rare. Cherrywood Town Centre is already functioning as the commercial and social hub of a fully serviced new urban district, and the underlying feasibility clearly demonstrates the capacity for a high density, residential led scheme that aligns with national housing and compact growth objectives.”

John Swarbrigg, Development, Agency & Consultancy at Savills, added:

“Cherrywood has evolved significantly over the last number of years, having gone from an exciting suburban development concept, to a highly sought after and established residential destination. The subject property offers a buyer the ability to capitalise on this sustained residential demand, as well as presenting an opportunity to deliver the long-awaited town centre, comprising a mix of retail and leisure accommodation, which is expected to be anchored by one of the Country's leading grocery retailers.”

The property is being offered for sale to the open market by way of private treaty and is held under freehold title. Further information, including access to the data room and full feasibility documentation, is available from the joint selling agents Savills and CBRE.