Construction BUSINESS

U+I Acquires Key Dublin 8 Site

 Breaking News

U+I Acquires Key Dublin 8 Site

January 07
09:25 2019

U+I, the property developer and investor focused on regeneration, is continuing to expand its Dublin pipeline with the acquisition of the White Heather industrial estate on the South Circular Road in Dublin 8. The site, located near the historic Liberties area of Dublin, boasts exceptional development potential with frontage directly overlooking the Grand Canal.

The White Heather site extends over 1.15 hectares (2.84 acres), and incorporates seven warehouse buildings, along with a three-bed period house over 105.5 sq. m at 307 South Circular Road.

White Heather is situated in close proximity to Dublin city centre, with excellent transport links, including the LUAS Red line, several major bus routes, and the arterial Cork Street/Dolphin’s Barn route. It is also located just minutes away from St. James Hospital and the new National Children’s Hospital, which is currently under construction; with the bustling campus of Griffith College located nearby.

Welcoming the acquisition, U+I’s Dublin based Development Director, Arlene van Bosch said: “Dublin 8 is a wonderfully historic part of Dublin and as a result White Heather piqued our interest the moment it came on the market. We are a developer that is always attracted by what we see as unrealised potential, particularly in areas of distinct cultural heritage. White Heather’s location in an historic and scenic part of Dublin 8 presents a real opportunity for us to cement U+I’s presence in the local community. We are looking forward to bringing our plans forward for further acquisitions and development in Dublin over the coming months.”

Arlene Van Bosch continued: “Each acquisition is a restatement of our commitment to growing our footprint in Dublin – a market that really motivates us and this acquisition follows a number of exciting announcements for U+I in the Dublin market over recent weeks. We recently secured the first letting as part of our flagship mixed-use Donnybrook House development, while we broke ground on our redevelopment of Ballymoss House in Sandyford in recent weeks. This comes on the back of us having received the go-ahead in November from An Bórd Pleanála to revolutionise the iconic Carrisbrook House in Ballsbridge. The addition of a further site to our Dublin portfolio with White Heather is another boost for us, as we continue to look for opportunities to expand in the city.”

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