BRENNANSTOWN

DUBLIN 18

WWW.BRENNANSTOWN.COM DÚN LAOGHAIRE

CORNELSCOURT

CABINTEELY PARK

CABINTEELY VILLAGE

KILBOGGET PARK N11

BRENNANSTOWN ROAD

LOT 1 - DRUIDS GLEN 2 / 3 BRENNANSTOWN LOT 2 - LEHAUNSTON

CHERRYWOOD

For Identification Purposes Only

EXECUTIVE SUMMARY

Approx. Potential for Increasing Demand Host of Superb Residential Affluent Excellent Designated Strategic 29.4 acres approx. 400 Resi for Residential Amenities in the Development Suburban Location Transport Links Development Zone Units (SPP) Accommodation Immediate Area Opportunity (SDZ) The Brennanstown lands are situated within the THE Cherrywood Strategic Development Zone. Cherrywood Business Park is located less than 13 km south of City Centre 14 min via FOXROCK

and is situated between both the M50 and N11. Dublin

d a

LOCATION Airport is less than a 45 minute drive away, while the o UCD R

n

affluent coastal suburbs of Dun Laoghaire, Seapoint and 19 min via Car w

o O t Blackrock are all under 15 minutes away via car. ld s CABINTEELY B n r h a o y St Stephens Green R Public transport links include multiple o ad 39 min via Luas Hill Road routes as well as dedicated Luas stations at Brides Glen, Brighton Road Laughanstown & Cherrywood, which allow commuters to CABINTEELY PARK travel between Cherrywood and St. Stephen’s Green in Dublin Docklands under 40 minutes. The Lehaunstown lands are situated 50 min via Luas adjacent to the Laughanstown Luas station.

Brennanstown Road

Ballyogan JUNCTION 15 N11 Wood BRENNANSTON

BRENNANSTON The Park Carrickmines

M50 Laughanstown LOUGHLINSTON 4 / 5

CARRICKMINES BRENNANSTOWN

Cherrywood CARRICKMINES GOLF COURSE Cherrywood Buisness Park

Lot 1 - Druids Glen The surrounding suburban settlements include Foxrock, The subject site is located within the northern Cabinteely, and Carrickmines. The Park, portion of the SDZ development boundary adjacent Carrickmines is a short drive from the subject site and is the to the Brennanstown Road. This provides direct premier retail park in Ireland. Other nearby amenities include access to Cabinteely Village as well as the Old Bray Cabinteely Park Leopardstown Racecourse, Westwood Health Club as well as Road which the Cornelscourt Centre is located on. Cornelscourt Centre, which is anchored by Dunnes Stores. From here you have immediate access to the N11 Dundrum Town Centre, Ireland’s only super-prime shopping and are only one junction away from the suburban settlement of Foxrock, one of the most sought after centre, can be accessed directly from the Luas line as well as and affluent residential suburbs in south Dublin. on the M50 in under 15 minutes via car. Lot 2 - Lehaunstown The lands are located Cherrywood is located within the local authority of Dun in a vibrant, and Laoghaire/Rathdown County Council which has a population The subject site is located within the north-western of over 200,000 people and has been designated as a portion of the SDZ development boundary and is adjacent to the Lehaunstown Luas Stop. Nearby Strategic Development Zone (SDZ) since May 2010. Long- hugely desirable part developments include the Tullyvale residential term this strategy aims to assist with the development of the development, located to the south of the subject of South Dublin. area and surrounding environs, resulting in the creation of a site, which accommodates over 700 apartments vibrant, unique and new community in a hugely desirable part within 26 housing blocks as well as Cherrywood of South Dublin. Business Park which is located only minutes away.

Brennanstown Road Sign DESCRIPTION SANDYORD LEOPARDSTON TE PAR GOL CENTRE Lot 1 - Druids Glen CARRICMINES The overall expanse of the Druids Glen portion of the site extends to approximately 19.9 acres, inclusive of Glendruid House. The site is bound by the Brennanstown Road and residential units to the north, a residential unit to the west, OROC a narrow laneway to the west and lands under trees and M50 grass to the south.

The site has a steep gradient from north to south. There are three dwellings included within the site boundaries. Glendruid House, a protected structure, is located BRENNANSTON ROAD towards the northern boundary of the site. Druid House LOT 2 is also located towards the northern boundary, while Knockanree House is located towards the western CERRYOOD SDZ boundary of the site. LOT 1

The land situated between Druids Glen and Lehaunstown incorporates approximately 11.1 acres of forestry land. The CABINTEELY VILLAGE lands naturally slope from north to south and provide a natural buffer between Lot 1 & Lot 2.

Lot 2 - Lehaunstown 6 / 7 The subject site extends to approximately 9.5 acres and partly comprises three residential houses, with one being derelict and vacant. Set on a flat and level BRENNANSTOWN topography, the site is bound by a narrow laneway to the south, the Luas line to the west, and vacant land to the east and north.

The northern section of the site will in future be bound by a proposed road, providing linkage to the N11 and N11 surrounding suburbs of Foxrock and Cabinteely, two highly desirable residential locations.

For Identification Purposes Only

Zoning Information Natural Green The Brennanstown Lot 1 - Druids Glen Lot 2 - Lehaunstown Space Planning The lands are situated within the Druids Glen portion The subject site has split zoning objectives within the Cherrywood Road offers easy access are zoned Res 1 within the Cherrywood SDZ and are SDZ and are situated within an area designated Development Area The lands situated between located within an area designated Development Area 1 under the Cherrywood SDZ. The majority of the site is located to both Cabinteely & 5 under the Cherrywood SDZ. Res 1 objective allows within an area zoned Res 3, with a portion of the site located within both land parcels are zoned for a density of 35-50 per hectare (86-124 per acre) an area zoned Village Centre. The Res 3 objective allows for a Green Infrastructure within the Foxrock, two of South with heights ranging from 2-3 storeys. The remaining density of 65-100 units per hectare (176-124 per acre) with heights Cherrywood SDZ. 11.1 acres are zoned Green Infrastructure. ranging from 2-5 storeys, while the Village Centre zoning allows for Dublin’s most affluent building heights ranging from 4-5 storeys, with plot ratios of 1:1.4-1:2 village settlements. and site coverage of 40%-60%.

A planning report has been prepared by John Spain & Associates and is available in the data room. M1 DUBLIN AIRPORT TRANSPORT & ACCESSIBILITY

Whilst the location benefits from a picturesque setting on the doorstep of exclusive residential neighbourhoods such as Foxrock, BLANCHARDSTON Carrickmines and Cabinteely, it also offers excellent accessibility. The Luas runs almost parallel to the subject sites, while Dublin Bus has a number of routes serving the area. The location boasts excellent access onto both the N11 and M50, which grants HOTHeasy access to the city centre as well as north and west Dublin.

M50 BROOMBRIDGE N3 CLONTARF LUCAN

POENI PAR N4

M50

N CITY CENTRE 8 / 9

BALLSBRIDGE DUBLIN BAY BRENNANSTOWN

TYMON PAR N81

BLACKROCK

DUN LAOGHAIRE N11 DUNDRUM

Laughanstown Luas Stop

MARLAY PAR FOXROCK

M50 BRENNANSTON SANDYFORD LOUGHLINSTON

STACKSTON TRAVELLING BY CAR TRAVELLING BY LUAS TRAVELLING BY BUS

M50 Approx. 12km from Dublin Laughanstown and Cherrywood Multiple bus routes serving City Centre, with easy access Luas stops in close proximity, the area, providing access to provided by the N11 and M50 providing regular service to Dublin City and the surrounding DUBLIN ICLO CARRICKMINES MOUNTAINS M11 Dublin City, Sandyford, Dundrum suburban settlements & Docklands Area Lot 1 - Druids Glen Lot 2 - Lehaunstown

8.8 ACRES 11.1 ACRES DEVELOPMENT POTENTIAL APPROX. 9.5 ACRES 600 SQ.M DEVELOPMENT POTENTIAL APPROX. RESIDENTIAL LAND FORESTRY LAND 170 RESIDENTIAL UNITS (SPP) RESIDENTIAL/TOWN CENTRE RETAIL/COMMERCIAL SPACE 230 RESIDENTIAL UNITS (SPP) 10 / 11 10 BRENNANSTOWN

For Identification Purposes Only

ENTIRE SITE 600 SQ M DEVELOPMENT POTENTIAL APPROX. LOT 3 - THE ENTIRE 29.4 ACRES RETAIL/COMMERCIAL SPACE 400 RESIDENTIAL UNITS (SPP) RESIDENTIAL MARKET

The recent publication by the Central Statistics Office Overview Development Land Sales 2009 – 2018 H1 (CSO) of a new and more accurate housing completions Scarcity of zoned & serviced land to satisfy demand Residential property prices in the Irish market to continue to increase Residential property series for the Irish market is broadly welcomed. This by double digits (up 13% annually in the year to April) although most prices continue to new data series confirms that only 14,446 housing units increase by double digits commentators now expect some moderation in the pace of house price were developed in the Irish market last year – less than 800 in the Irish market inflation over the coming months as Central Bank macroprudential rules half of the volume actually required – suggesting that 700 start to impact. Indeed, new Banking & Payments Federation data shows although housebuilding activity in the Irish market is that loan to income ratios are starting to have an effect. clearly increasing year-on-year, considerable efforts are 600 More than €1 billion still required to increase production further and attempt In the interim, demand for housing continues to outstrip supply to a 500 of mortgages were to meet the country’s housing needs. significant degree in Irelands major cities with more than €1 billion of 400

approved in the Irish MILLION mortgages being approved in the Irish market in the first quarter of 2018 market in Q1 of 2018 At least 30,000 new housing units are required in the 300 alone - up 14% year on year. Irish market for the foreseeable future with at least 60% of this annual output required in the Greater Dublin 200 Area, particularly if the pace of job creation in the capital 100 continues at its current rate. In the interim, house prices are expected to continue to rise although at a more 2011 2017 2013 2015 2010 2012 2014 2016

modest rate. 2009 2018 H1 Decline in Irish housebuilding activity

> 90% decline in new home construction from peak Source: CBRE Research 12 / 13

100,000 93,419 90,000 80,000

BRENNANSTOWN 70,000 60,000 90 decline

UNITS 50,000 40,000 Dublin house price annual growth 30,000 Rapid recovery in pricing over the last decade but average prices still below peak 20,000 10,000 8,301

30 2011 1997 2017 1995 2013 2015 1994 1996 1998 1999 2001 2010 2012 2014 2016 2018 2007 2003 2005 2000 2002 2004 2006 2008 2009 an/Feb

20 Dublin Residential Completions

Light increase in new home construction, albeit from a very low base after 93% decline peak-to-trough 10

25,000 0

19,470 20,000 P.A. PERCENT

-10

15,000 UNITS

10,000 -20 6,099 5,000 1,266 -30 2011 2017 2013 2015 2010 2012 2014 2016 2018 2007 2005 2006 2008 2009 2011M01 2011M10 2011M07 2017M01 2017M10 2013M01 2015M01 2010M01 2011M04 2012M01 2014M01 2016M01 2018M01 2013M10 2015M10 2010M10 2012M10 2014M10 2016M10 2017M07 2013M07 2015M07 2007M01 2007M10 2010M07 2012M07 2014M07 2016M07 2017M04 2013M04 2015M04 2006M01 2006M10 2008M01 2009M01 2010M04 2012M04 2014M04 2016M04 2018M04 2008M10 2009M10 2007M07 2006M07 2007M04 2008M07 2009M07 2006M04 2008M04 2009M04 an/Feb

Source: DOE Ireland Source: CSO RPPI Dataroom FURTHER Further information is available through our web based dataroom. In order to access the dataroom, please request and return a INFORMATION signed NDA to the selling agent CBRE.

Title A title summary is available in the property data room.

Services We understand that all mains services are available to the property. Interested parties are advised to satisfy themselves as to the availability of these services.

Guide Price Available upon request.

Technical Reports Planning and services reports have been prepared and are available within the data room.

Tenure We understand the property is held Freehold/Long Leasehold.

Selling Agents BRENNANSTOWN

Contacts Peter Garrigan Darragh Deasy Willie Norse www.cbre.ie [email protected] [email protected] [email protected] 01 618 5796 01 618 5724 01 618 5529

Solicitor

Contacts A&L Goodbody Paul Diggin www.algoodbody.com North Wall Quay, Dublin 1 [email protected]

www.brennanstown.com

Disclaimer: CBRE U.C., (CBRE Ireland) These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property at Brennanstown, Dublin 18.