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New Record Set For Dublin Property Market

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New Record Set For Dublin Property Market

New Record Set For Dublin Property Market
November 29
11:35 2017

Sales at Lansdowne Place, Chartered Land’s luxury residential development in Ballsbridge, have surpassed targets with over €100 million secured from sales to date. The prices achieved equate to over €1,000 per sq. ft. setting new records for the Dublin property market.

The Templeton, which was the first building to come on the market, and The Blake, launched in September, are now substantially sold out. Both are stand-alone pavilion style buildings fronting directly on to Lansdowne Road.  Prices here for the one, two and three bedroom apartments were from €825,000 to €2.1 million, and from €2.15 million for the penthouses.

Sales are very well advanced in The Barrington, the third building on the market. While the larger two bedroom apartments and two bedroom + study units are sold out, there are still several spacious two bedroom apartments, from 954 sq. ft. to 1,627 sq. ft. available.  Prices start at €900,000.  Also, there are some one bedroom apartments from 703 sq. ft. starting at €825,000 on offer.

Situated on the corner of Lansdowne Road and Shelbourne Road, Lansdowne Place is being developed on the site of the former Berkeley Court Hotel.  This site was also previously home to the Trinity College Botanic Gardens.

Construction at the site continues apace with the concrete roof of the first of the seven buildings, The Templeton, poured this week. Work is now underway on the façade, windows and interiors, with completion scheduled for late summer 2018.

The Templeton will also house the Residents’ Amenities which will be offered exclusively to residents in Lansdowne Place. Extending to 5,000 sq. ft. over two floors, these facilities are of a standard not previously seen in Dublin.

Andrew Gunne, Chief Executive, Chartered Land, said: “We are delighted with the interest in Lansdowne Place and the sales achieved to date. Purchasers have been attracted by the unique location and the quality of the apartments, which are unrivalled in Ireland and compete with the very best of international standards.”

When fully complete, Lansdowne Place will have a total of 217 apartments, including 24 penthouses, all designed by Irish architects O’Mahony Pike and interior architects, Goddard Littlefair. Further sales phases will be launched during 2018 in line with the build programme and it is expected that all construction in Lansdowne Place will be finished by the end of 2019.

CAPTION:

Pictured from left: Joe O’Reilly, Executive Chairman of Chartered Land; Padraic Rhatigan, Managing Director of JJ Rhatigan (left); and Sean Doyle, Projects Director; pictured on the roof of The Templeton at Lansdowne Place, Ballsbridge, where the final concrete was poured.  Work is now underway on the façade, windows and interiors, with completion of this first building in the development scheduled for late summer 2018.

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