FOR SALE BY PRIVATE TREATY EXCEPTIONAL RETAIL DEVELOPMENT OPPORTUNITY One of the DIRECT ACCESS TO JUNCTION 15 OF LARGEST UNDEVELOPED PROPOSED NEIGHBOURHOOD THE M50 CENTRE ZONED SITES offering gateway access to ONE OF THE BEST on the southern section of the M50 ’s south eastern corridor RETAIL & MIXED USE SITES

SURROUNDED BY TO BE OFFERED FOR SALE ’S MOST IN THE LAST 10 YEARS AFFLUENT SUBURBS

BEING OFFERED FOR SALE AS TWO SEPARATE LOTS

LOT 1 - ZONED OBJECTIVE E LANDS COMMAND A PIVOTAL POSITION IN THE PARK, , ONE OF SOUTH STOP 5.11 ha DUBLIN’S FAVOURED SHOPPING VENUES. (12.63 acres) PROPOSED ACCESS ROAD LOT 1 - ZONED OBJECTIVE F 1.45 ha LOT 2 (3.59 acres)

LOT 1 LOT 2 - ZONED OBJECTIVE E JUNCTION 15 0.76 ha (1.88 acres)

*Zonings as per Draft Dun Laoghaire- MAIN ENTRANCE TO Rathdown Development Plan 2016 - 2022 THE PARK, CARRICKMINES

1 CONTENTS

EXECUTIVE SUMMARY 3

DUBLIN AS A DESTINATION 4

LOCATION 7

THE PARK - THE PRESENT 8

THE FUTURE OPPORTUNITY 14

ZONING & PLANNING 16

SERVICES 17

RETAIL MARKET 20

FUTURE POTENTIAL 22

EXCEPTIONAL RETAIL DEVELOPMENT OPPORTUNITY For Sale by Private Treaty

2 EXECUTIVE SUMMARY

• The entire land holding on offer comprises approx. 7.24 ha (17.92 acres) • The combination of the subject lands planning designation for retail, leisure and situated in the highly successful commercial scheme known as The Park, office uses as well as the benefit of the existing retail and office scheme, thereby Carrickmines at Junction 15 on the M50. giving any new commercial development an exceptional head start.

• Direct frontage and access onto Junction 15 of the with the • These lands hold significant value either in the hands of a retail owner occupier benefit of a proposed Neighbourhood Centre zoning objective. or a specialised retail / mixed use developer. A buyer with credibility in providing a cutting edge retail development scheme can add significant value • Being offered for Sale in two separate lots* by expanding the scale and success of the existing retail and business park LOT 1 5.11 ha (12.63 acres) - Zoned Objective E – Economic campus, in a time with a resurgent retail and leisure occupier market. Development & Employment (Currently zoned district centre and proposed to be zoned employment with specific local objectives • There is no doubt that the subject lands signifies a world class development for a large neighbourhood centre and leisure uses as per the Draft opportunity and represents a rare opportunity in terms of location, mixed use Dun Laoghaire Rathdown Development Plan 2016-2022). designation, existing investment in transport, services and in a very real sense, 1.45 ha (3.59 acres) Zoned Objective F – Open Space is effectively ready to go. LOT 2 0.76 ha (1.88 acres) Zoned Objective E – Economic Development & Employment *Zonings as per Draft Dún Laoghaire-Rathdown Development Plan 2010-2016

• The Park, Carrickmines is Ireland’s No.1 Retail Park and is considered one of ’s most popular office parks. These lands represent the last remaining, undeveloped, quadrant in the overall estate and commands the very best vantage point, being located between the main entrance and proposed new Ballyogan access road and also enjoying significant frontage onto Junction 15 of the M50.

• The Park, Carrickmines currently provides employment for almost 2,400 people. In addition to this, its close proximity to what is arguably the greatest concentration of high-disposable income families in the country; will ensure that any new centre will be uniquely placed to attract consumers from a broad and affluent hinterland. Little surprise then that The Park, Carrickmines has been such a commercial success and continues to be identified as a location of choice by major retailers and multinational and blue-chip office users.

• Retail is rebounding in Dublin, with the region benefitting from, on average, 20% higher disposable income than the rest of the country. In the suburbs surrounding The Park, Carrickmines, average disposable income is even higher. Consumer sentiment is at its highest since 2007 and is being reflected in real retail growth as well as increased demand for prime space from retailers. To date, there has been significant infrastructure investment in and around The Park, Carrickmines. The subject lands are well located at a public transport interchange.

• The area is well serviced by public transport, benefiting from extensive infrastructure already in situ (roads, services, road junctions etc.) and a dedicated LUAS stop, routes to the surrounding area, Dublin City Centre and a dedicated junction onto the M50.

3 R104 Centre R149 Artane R107 R108 R121 R105 R105

R806 M50 R147 M50 Clontarf Lucan R109

Liffey Valley DUBLIN Shopping Centre R148 CITY CENTRE N4

R120 R136 ! R109 R113

Ballyfermot Ronanstown Mu Ballyogan rp J15 hy Wood st R112 ow Luas Stop n W ay J15 Crumlin Dublin Bay R117

R137 R136 R112

R113 R138 N82 M50

N31 Blackrock R115 R112 d Dun a o R Laoghaire k c u m a Dundrum R113 n le G R113

R116 N11 R118

Sandyford M50

Rockbrook

R119 R116 Stackstown R117 R115 DUBLIN Carrickmines Cherrywood AS A DESTINATION M50

4 Dublin is Ireland’s political, economic and cultural centre. With just under 1.3 million people, it is home to more than one quarter of the country’s entire population.

Internationally, Dublin is lauded for its welcoming and pro-business work culture, its young, educated workforce, and its ability to attract global talent in areas such as IT, financial services, digital media, and pharmaceuticals. In recent years Dublin has become the location of choice for a myriad of internet companies including Google, Facebook, Twitter, PayPal, and LinkedIn, earning it the title ‘Europe’s Silicone Valley’. In spite of the considerable economic challenges Ireland faced in the 2007-2011 period, the huge confidence shown by the multi-national sector in Ireland has led to a strong recovery. Employment is the key measure in driving retailer and consumer confidence. In 2013 Ireland recorded the strongest jobs growth in the EU. Of the 63,200 additional jobs that have been created since the beginning of 2012, half have been located in Dublin and half of these have been in office based services. This momentum has continued throughout 2014 and into 2015. The live register fell for the 46th successive month in August 2015 and unemployment continues to decline. National Accounts data published recently by the CSO for the first quarter of 2015, together with revisions to previous years, confirm that the Irish economy is performing very strongly. They show that GDP rose by 1.4% in Q1 for a year-on-year gain of 6.5%. This follows growth of 5.2% last year, up from 1.4% in 2013. GDP growth for the period 2010-12 averaged 1% per annum.

5 BALLYOGAN LUAS STOP

PROPOSED ACCESS ROAD

LOT 2

LOT 1 JUNCTION 15

MAIN ENTRANCE TO THE PARK, CARRICKMINES

Located in the south east of the Dublin Region, close to the coast, The Park, Carrickmines is surrounded by some of the city’s most affluent and desirable suburbs, with unique designation for commercial and retail development.

6 THE PARK THE LOCATION

On the east coast of Ireland, bounded by the Wicklow Mountains to the south and with the capital city to the north, South is an area of many natural advantages with an excellent infrastructure and enduring residential, retail and commercial appeal.

Located in the heart of Dun Laoghaire Rathdown, the administrative region combining Dublin’s southern suburbs. One of the country’s most progressive local 3 LUAS STOPS IN government regions, it includes affluent and historic suburbs such as Foxrock, THE CARRICKMINES Dundrum, Carrickmines and and the coastal towns of Blackrock and To City Centre Central Park Glencairn The Gallops BALLOGAN WOODRACECOURSE CARRICKMINES Brennanstown Laughanstown Cherrywood Brides Glen AREA Dun Laoghaire. Dun Laoghaire-Rathdown has a population of over 200,000, while neighbouring South Dublin and Dublin City have populations of 265,000 and 525,000 respectively. County Wicklow is within easy commuting distance and has a population of 137,000.

In the catchment area of Carrickmines there was a population of c. 18,000 in BY CAR BY LUAS 2011 and planned to grow to 34,000 plus based on the current Development Plan projections. The Park, Carrickmines has the benefit of direct access to Junction 15 off the The Park, Carrickmines is a 5 minute walk to the , M50 motorway. It also has direct linkage onto the upgraded Ballyogan Road providing an excellent commuting experience to the line’s terminus at St. The Park, Carrickmines is a high quality integrated park, superior to any other which provides access into Dublin City Centre from the southside. Dublin City Stephen’s Green. Peak time services run every 4 to 10 minutes to Dublin City retail park in the vicinity. Modern urban planning, cutting edge architectural design Centre is just 12 km away and can be accessed within a 25 minute drive time Centre. and exceptional finishing make it a superb office base in a harmonious working and just a 35-minute journey to . environment. Upon the completion of the Luas cross-city connector, linking Luas’ Green and Its strategic situation at the pivotal Junction 15 on the M50 confers on it the Red lines, in 2017, The Park, Carrickmines will be directly connected to Dublin’s Set in natural surroundings with a stunning backdrop of the Dublin Mountains, status of a suburban gateway; this natural link between Dublin’s urban centre two main train stations, Heuston and Connolly and the city’s suburban train this location has been transformed into a state of the art business and retail park and Ireland’s south eastern corridor will be hugely valuable to its future service, the DART. It will also mean easy access across the city centre and to that employs almost 2,400 people. Trading since Summer 2005, the popular Phase 1 development as a retail retail, leisure and office centre. Dublin’s waterfront financial district, the IFSC. & 2 of the existing Retail Park has attracted premium retailers. The development of the high quality office buildings within the Park further enhances the location as Direct vehicle access to the lands is via the main boulevard through BY BUS a business hub. ‘The Park’ which is accessed off the Glenamuck Road. An additional new access point is planned along the northern boundary of the subject lands, Bus routes provide links to all parts of the City Centre and surrounding suburbs. Being offered for sale is the last remaining undeveloped element of the Park which which will provide a second main entrance into The Park, Carrickmines directly In particular No. 63 bus links The Park, Carrickmines to the surrounding areas, presents a new owner with an excellent opportunity to capitalise on the existing off the Ballyogan Road and will allow for a shorter walking distance to the such as , , Monkstown and continues onto Dun Laoghaire built stock. Ballyogan Luas station. Dart Station. As one of the remaining district / proposed neighbourhood centre zoned landbanks on the Southern corridor of the M50, the further development of The Park, Carrickmines will be key to the next stage of development of South County Dublin.

7 THE PARK THE PRESENT

The Park, Carrickmines has quickly Prominently visible from the M50 South, The Park, Carrickmines is immediately accessed via Junction 15. Ringing the city and linking to established itself as one of South Ireland’s primary national roads, the M50 motorway makes it easy to reach The Park from anywhere in the country, Dublin’s Airport and Ports included.

Dublin’s favoured shopping and office Carrickmines, Leopardstown and have long ranked amongst Dublin’s most desirable residential addresses. Now world-leading venues. Shoppers are flocking to international corporations are popoulating the area. They have been attracted by the highly skilled local workforce, superb infrastructure and anchor stores like TK Maxx, PC World, accessibility and a dynamic business environment. Harvey Norman, Next, Mother Care, The Park a mixed use development comprising of offices, retail warehousing, retail shopping, coffee shops and restaurants. It is a state of the art business Halfords and Woodies DIY. In addition, park, the ideal place to work, shop, relax and do business. a number of multinational companies The Park inspires several environments - business, leisure or shopping. These settings are fused together through features such as designated have located their offices in The Park, pedestrian links and open landscaped areas with seating, making The Park a relaxed, self-contained neighbourhood.

Carrickmines including Vodafone, State As previously mentioned, the new owner of this excellent land bank will Street, 3M and Getty Images. be in a superb position to capitalise on the success of the existing Park.

8 PROPOSED ACCESS ROAD

The Hyde Building The Herbert Building

Occupiers within The Iveagh Building

beauty boutiques

To the M50

9 TRAFFIC DATA 350,000 300,000

250,000

2012 VEHICLES 200,000

2013 VEHICLES 150,000

2014 VEHICLES 100,000

2015 VEHICLES 50,000

January February March April May June July August September October November December

2012 2013 2014 2015 2012 2013 2014 2015 VEHICLES VEHICLES VEHICLES VEHICLES PERSONS PERSONS PERSONS PERSONS

JANUARY 203,996 218,393 225,604 229,831 346,793 371,268 383,527 436,679 FEBRUARY 183,799 192,213 194,986 202,221 312,458 326,762 331,476 343,778 MARCH 205,744 214,141 220,248 220,991 349,764 364,040 374,722 419,882 APRIL 192,623 213,060 217,932 217,081 327,459 362,202 370,484 412,453 MAY 210,791 223,919 252,665 235,630 358,344 380,662 429,530 447,697 JUNE 211,527 220,744 256,288 229,122 359,595 375,264 435,690 435,332 JU LY 219,035 216,639 243,627 233,485 372,359 368,286 414,165 443,621 AUGUST 213,644 230,235 238,910 239,000 363,195 391,399 406,147 454,100 SEPTEMBER 214,880 222,557 235,648 235,691 365,296 378,347 400,602 447,813 OCTOBER 226,001 245,601 237,296 384,202 417,521 403,403 NOVEMBER 242,935 261,810 245,920 412,989 445,077 418,064 DECEMBER 304,448 311,887 298,847 517,561 530,208 508,040

TOTALS 2,629,423 2,771,199 2,867,971 2,043,052 4,470,015 4,711,036 4,875,850 3,841,355

*Estimated total footfall for 2015 is 5,200,000

10 Dun Laoghaire - Rathdown has a population of over 200,000, while neighbouring South Dublin, Dublin City and Wicklow County have combined populations of 926,000

Source: Dun Laoghaire Rathdown County Development Plan, Wicklow County Development Plan.

Schematic - subject to planning permission

11 Phase 2

12 The Iveagh Building

Services Block Phase 1 Occupiers

13 THE FUTURE OPPORTUNITY

The land holding being offered for sale represents the last undeveloped quadrant of land within the highly successful, The Park, Carrickmines.

The Park, Carrickmines has been master planned to house an integrated mix of complementary businesses which, together provides an unrivalled retail offering. Phase One and Two of the retail element and premium on-site amenities have proven a resounding success.

In the view of Savills the land holding provides a blank canvas to provide an exciting new scheme primarily retail focused scheme being a mix of retail outlets alongside restaurants, family leisure with an element of office and residential uses.

This land bank represents one of the very few commercial holdings on the southern section of the M50 route that has frontage and direct access onto the motorway, as well as the benefit of a proposed Neighbourhood Centre zoning objective.

The subject lands command an elevated profile over the M50 and comprises the best vantage point within the overall The Park, Carrickmines scheme, being located at the main entrance this will be even further increased with the construction of the proposed access road which will link The Park to Ballyogan Road.

The lands have the benefit of the bulk of the existing services / roads already in place, which is a significant saving on future development cost.

Schematic - subject to planning permission

14 JUNCTION 15 BALLYOGAN LUAS STOP LOT 2 PROPOSED ACCESS ROAD

LOT 1

MAIN ENTRANCE TO THE PARK, CARRICKMINES

Potential to develop A SIGNIFICANT RETAIL LED SCHEME in one of Dublin’s most affluent suburbs, further expanding the scale and successes of the existing The Park, Carrickmines

15 Draft Dún Laoghaire Rathdown County Development Plan 2016-2022 - Ballyogan LAP

The Draft Dún Laoghaire-Rathdown County Development Plan 2016 – 2022 has been prepared and was presented on public display in March 2015 for the public to review and submit any observations. Within this draft development OBJECTIVE E zoning (as per new draft plan) OBJECTIVE F zoning (as per new draft plan) plan the subject lands are zoned for economic development & employment ‘To provide for economic development ‘To preserve and provide for open space and open space provision with a Special Local Objective, ‘131’, that allows E F for a large New Neighbourhood Centre designation under the retail hierarchy and employment’ with ancillary active recreational amenities’ outlined for Dún Laoghaire-Rathdown and this “promotes a mixed-use 5.87 hectares / 14.51 acres 1.45 hectares / 3.59 acres potential of new centres in line with planned population growth”. This designation provides for the development of a Neighbourhood Centre in the north-east ‘quadrant’ of The Park, Carrickmines, with a net retail floor space cap of 6,000 sq. m. and a leisure facility (to include multi-plex cinema), which Permitted In Principle Permitted In Principle will help meet the existing and future retail and leisure needs of the growth Advertisements and Advertising Structures, Carpark, Cash and Carry/ Community Facility, Cultural Use, Open Space, Sports Facility, areas of Carrickmines, Stepaside- Ballyogan and -Glenamuck. Wholesale Outlet, Craft Centre/Craft Shop, Childcare Service, Enterprise Travellers Accommodation. Centre, Heavy Vehicle Park, Hospital, Household Fuel Depot, Industry- Proposed Zonings as per the Draft Dún Laoghaire-Rathdown County General, Industry-Light, Industry-Special, Motor Sales Outlet, Office Based Open For Consideration Development Plan 2016 – 2022 Industry, Offices, Open Space, Petrol Station, Public Services, Refuse Allotments, Carpark, Cemetery, Craft Centre/Craft Shop, Childcare Service, Transfer Station, Rural Industry- Food, Science and Technology Based Crematorium, Education, Garden Centre/Plant Nursery, Golf Facility, Guest

SIZE (Hectares) SIZE (Acres) ZONING Industry, Scrap Yard, Service Garage, Tea Room/Café, Transport Depot, House, Place of Public Worship, Public Services, Tea Room/Cafe. Travellers Accommodation, Warehousing. E Where lands zoned F are to be developed then: 5.11 12.63 To provide for economic development Open For Consideration Not more than 40% of the land in terms of the built form and surface LOT 1 & employment Abattoir, Boarding Kennels, Community Facility, Cultural Use, Nightclub, car parking combined shall be developed upon. Any built form to be Doctor/Dentist etc., Education, Funeral Home, Garden Centre/Plant developed shall be of a high standard of design including quality finishes 1.45 3.59 F Open Space Nursery, Health Centre, Home Based Economic Activities, Hotel/ and materials. The owner shall enter into agreement with the Planning E Motel, Industry-Extractive, Leisure Facilities, Off-License, Place of Authority pursuant to Section 47 of the Planning and Development To provide for LOT 2 0.76 1.88 Public Worship, Public House, Refuse Landfill/Tip, Residential, Retail Act 2000, as amended, or some alternative legally binding agreement economic development & employment Warehouse, Restaurant, Rural Industry-Cottage, Shop Specialist, Shop- restricting the further development of the remaining area (i.e. 60% of the Neighbourhood, Shop-District, Sports Facility, Veterinary Surgery. site) which shall be set aside for publicly accessible passive open space TOTAL 7.32 18.10 or playing fields. Said space shall be provided and laid out in a manner Leisure Facilities designed to optimise public patronage of the residual open space and/ Only applies to ‘E’ zoned lands subject to a Specific Local Objective for a or to protect existing sporting and recreational facilities which may be Lot 1 has a Neighbourhood Centre objective, net retail floor space 6,000 sq.m. ‘Neighbourhood Centre’. available for community use.

Neighbourhood Centres Under this new plan these centres usually contain one supermarket ranging in size from 1,000-2,500 sq.m. with a limited range of supporting shops and retail services and possibly other services such as post offices, community centres or health clinics grouped together to create a focus for the local population.

16 LOT 2 Schematic - subject to planning permission E

PROPOSED ACCESS ROAD

F

SERVICES

E FOUL WATER DRAINAGE It is proposed to drain the foul effluent to the existing 525mm diameter Carrickmines Valley foul sewer located to the north Special Local Objective for NC and Leisure of the site, which ultimately drains to the Shanganagh Wastewater Treatment Works.

SURFACE WATER DRAINAGE The surface water run-off from any future development will LOT 1 discharge to the Ballyogan stream to the north of the site. Surface water attenuation is to be provided within a new attenuation tank located to the north of the lands (Objective F lands) before discharging to the stream.

WATER SUPPLY The lands are currently served by an existing water main on the Ballyogan Road.

Interested parties are required to satisfy themselves as to the presence, adequacy and availability of all services to the subject lands.

PROPOSED ACCESS ROAD As per the previously approved planning permission there is a proposed new access road providing another link from The Park, Carrickmines to Ballyogan Road.

All the necessary legal arrangements are in place to construct the revised design of the permitted access road. These documents can be reviewed within our designated Legal Data Room.

17 ZONING & PLANNING CURRENT Current Zoning under Dun Laoghaire Rathdown Development Plan 2010 – 2016

The land holding being offered for sale is covered by the Dun SIZE (Hectares) SIZE (Acres) ZONING 5.11 12.63 DC District Centre Laoghaire Rathdown Development Plan 2010 – 2016. LOT 1 1.45 3.59 F Open Space

The current Dun Laoghaire Rathdown Development Plan is presently under review and the draft Dun Laoghaire Rathdown E Plan 2016 - 2022 has been on public display in March 2015. The manager has reported on submissions received from public To provide for LOT 2 0.76 1.88 and the councillors have now considered proposed amendments. Any proposed amendments to the draft plan will be on economic development public display in November 2015. It is is understood that there are no amendments proposed to the zoning in the draft & employment development plan 2016 - 2022 in relation to The Park, Carrickmines. TOTAL 7.32 18.10 The draft Development Plan is scheduled to be adopted in March 2016, however until then the current plan is still in effect.

OBJECTIVE DISTRICT CENTRE OBJECTIVE OPEN SPACE OBJECTIVE ECONOMIC “To protect, provide for and/ “To preserve and provide for DEVELOPMENT & EMPLOYMENT DC or improve mixed-use district F open space with ancillary active E “To provide for economic centre facilities.” recreational amenities”. development & employment” 5.11 hectares / 12.63 acres 1.45 hectares / 3.59 acres 0.76 hectares / 1.89 acres

According to Dun Laoghaire Rathdown Planning Authority district centres The Council foresees the entire landbank which is zoned for Open Space, The vision of this zoning objective is to support and facilitate the economic “will vary both in scale of provision and size of catchment depending approximately 1.8 ha (4.44 Ac), forming part of a new urban public space development of Dún Laoghaire-Rathdown across a range of sectors while on proximity to a major town centre but a good range of comparison which will act as amenity and recreational area for the entire scheme. It will acknowledging in particular the growing importance of the economy to shopping would be expected (though no large department stores), some lie north of the existing estate and forms part of a larger liner park, yet to the County. leisure activities and a range of cafes and restaurants and other mixed be constructed. In certain circumstances, residential use may be acceptable provided that the uses. They should contain at least one supermarket and ancillary food Not more than 40% of the land in terms of the built form and surface car employment element on the site in terms of floor space, is no less than on the store along with financial and other services. District Centres generally parking combined shall be developed upon. The owner must enter into an site prior to redevelopment and that the employment element of the site in range in size from 10,000 – 25,000sqm of lettable retail space.” agreement with the Local Authority to restrict further development in the terms of overall floor space, continues to be the primary land use (i.e. never remaining area (60%) of the site which shall be set aside for public open less than 50% of the overall floor area). space or playing fields.

We have been advised that the boundary wall on these lands is a protected structure and there is also an objective to protect and preserve trees and woodlands.

The lands are located within the boundary of Section 49 Supplementary Development Contribution Scheme Luas B1.

18 LOT 2 E

PROPOSED ACCESS ROAD

F

DC

LOT 1 PLANNING HISTORY

Planning permission was granted on a portion of Lot 1 (Planning Ref: D07A/0936) for a mixed use scheme with a total gross floor area of 88,719 sq. m. comprising;

• 369 no. apartments (47 no. 1 Beds, 249 no. 2 Beds, 73 no. 3 Beds) • 26 no. live / work units • Office Accommodation (GFA 20,783 sq.m.) • Convenience store (GFA 4,009 sq.m. – NFA 2,484 sq.m.) • Comparison store (GFA 4,172 sq.m – NFA 2,469 sq.m.) • Primary health care facility • 1,824 no. car parking spaces

This permission has since lapsed (2012).

19 RETAIL MARKET

Savills latest research indicates that, after some challenging years, retail is rebounding in Dublin, with the region benefitting from, on average, 20% higher disposable income than the rest of the country.

Savills research shows that consumer electronics, footwear and fashion are now among the most active sectors in the market, confirming the recovery in consumer sentiment, at its highest since 2007, is being reflected in real retail growth. It also identified increased demand for prime space from food and drink retailers.

Irish retail sales volumes rose 9.9% year-on-year in July, with retail sales jumping 11.6% in July alone, the largest monthly rise in 10 years. This coupled with strong job, house price and wage figures indicate there is little prospect of the economic recovery abating. A good indication of this renewed consumer confidence is new car registrations with more new cars being sold in the first seven months of 2015 than in the whole of 2014 and with consumers spending also up on food and beverage and on home décor.

The subject lands combined planning designation for retail and business gives new retail development a potential head start in terms of timing and ability to secure planning and commence development. The Irish economy is set to be fastest growing in Europe in 2015.

The Park, Carrickmines currently provides employment for almost 2,400 people. Add to this, its close proximity to what is arguably the greatest concentration of high-disposable income families in the country; its easy accessibility off Junction 15 of the M50; and its direct connection to the city centre via Luas, and it is clear that this new district centre will be uniquely placed to attract consumers from a broad and affluent hinterland. Little surprise then that The Park, Carrickmines has already being identified as a location of interest by major retailers.

ALL RETAIL - CORE RETAIL CORE RETAIL (EXC. MOTOR) ALL RETAIL 3 MONTH MOVING (EXCL.MOTOR) - 3 MONTH MOVING AVERAGE AVERAGE 120

115

110

105 RETAIL SALE RETAIL

100

95 2014M07 2014M08 2014M09 2014M10 2014M11 2014M12 2015M01 2015M02 2015M03 2015M04 2015M05 2015M06 2015M07

20 OFFICE & COMMERCIAL

With a rapidly improving economic situation and very positive employment In the suburban office market, the dynamics are different and South County growth, particularly in quality office-based jobs, demand for office space in Dublin has a particularly strong offering to make. However, most business parks Dublin is accelerating. However, with office construction activity in the city and currently available here are limited by a number of constraints – typically they are county at a virtual standstill for the last number of years, a significant stock in multiple ownership; involve mixed developments where offices sit side-by-side deficit is already being experienced. Limited supply and rising costs mean with industrial; or simply lack the scale to meet the needs of emerging clients. The investors will need to look beyond core city centre areas to find the right fit for new owners will have a unique opportunity to add to the already world class retail their companies. and business campus environment at The Park. The existing stock of offices at The Park are fully-let. Even with a full recovery in construction, Dublin’s city centre will not have all the answers to the next wave of office requirements. New completions will be in-fill in nature, restricted by site dimensions and planning consents, while time lags of at least four years between initial planning and delivery can be expected.

21 There is no doubt that the subject lands signifies a Schematic - subject to planning permission world class development opportunity and represents FUTURE POTENTIAL a rare opportunity in terms of location and potential.

Potential options would be to provide a new urban These lands hold significant value either in the village development for the subject lands to deliver a high quality urban mixed public realm that will service hands of a retail owner occupier or a specialised the growth area of Foxrock, Carrickmines, Stepaside, Ballyogan, Glenamuck and Kilternan. Such a proposal retail / mixed use developer. A buyer with credibility would comprise a mix of retail, leisure, residential and office uses uses to complement the existing facilities in providing a cutting edge retail and mixed use contained within Phase 1 and 2 of the retail and office park in Carrickmines. development scheme can add significant value by An alternative approach would be to deliver a scheme expanding the scale and success of the existing similar in design, size and content to Phase 1 and Phase 2 of the existing retail park.

retail and business park campus, at a time where An outline feasibility pack for these options is available there is a resurgent occupier market. on the Data Site.

Schematic - subject to planning permission

22 Schematic - subject to planning permission

23 SELLING AGENTS

SAVILLS IRELAND 33 Molesworth Street, Dublin 2 www.savills.ie

PSRA: 002233

MARK REYNOLDS LARRY BRENNAN Director, Development Director, Retail +353 1 618 1326 +353 1 618 1302 [email protected] [email protected]

JOHN SWARBRIGG STEPHEN MCCARTHY Associate, Development Head of General Retail Agency +353 1 618 1333 +353 1 618 1349 [email protected] [email protected]

JILL HORAN Senior Planning Surveyor, Development +353 1 618 1350 Schematic - subject to planning permission [email protected]

SOLICITORS DETAILS TITLE PROPOSAL A title summary is available in the legal data room

The entire is for sale in 2 separate Lots by Private Treaty through sole selling agents Savills. VIEWINGS Are strictly to be arranged with the selling agent

LOT 1 MATHESON PADDY SWEETMAN 5.11 ha (12.63 acres) - Zoned Objective E – Economic Development DATA ROOM 70 Sir John Rogerson’s Quay, +353 1 232 2370 & Employment (currently zoned district centre and proposed to Further information is attainable through a dedicated Dublin 2, Ireland [email protected] be zoned employment with specific local objectives for a large web based data room. For further information and T: +353 1 232 2000 neighbourhood centre and leisure uses as per the Draft Dun KEITH MCCONNELL access please contact the selling agent. F: +353 1 232 3333 Laoghaire Rathdown Development Plan 2016-2022.) +353 1 232 2435 [email protected] 1.45 ha (3.59 acres) - Zoned Objective F – Open Space www.matheson.com WWW.Q3DUBLIN.COM LOT 2 0.76 ha (1.88 acres) - Zoned Objective E – Economic Development & Employment Savills Ireland give note that the particulars and information contained in this brochure do not form any part of any offer or contract and are for guidance only. The particulars, descriptions, dimensions, references to condition, permissions or licences for use or occupation, access and any other details, such as prices, rents or any other outgoings are for guidance only and are subject to change. Maps and plans are not to scale and measurements are approximate. Whilst care has been taken in the preparation of this brochure intending purchasers, Lessees or any third party should not rely on particulars and information contained in this brochure as statements of fact but must satisfy themselves as to the accuracy of details given to them. Neither Savills Ireland nor any of its employees have any authority to make or give any representation or warranty (express or implied) in relation to the property and neither Savills Ireland nor any of its employees nor the vendor or lessor shall be liable for any loss suffered by an intending purchaser/Lessees or any third party arising from the particulars or information contained in this brochure. Prices quoted are exclusive of VAT (unless otherwise stated) and all negotiations are conducted on the basis that the purchasers/lessees shall be liable for any VAT arising on the transaction. This brochure is issued by Savills Ireland on the understanding that any negotiations relating to the property are conducted through it. All maps produced by permission of the Ordnance Survey Ireland Licence No AU 001799 © Government of Ireland.

24 WWW.Q3DUBLIN.COM