By Richard Hook2018-11-12T12:58:00
Irish property investment group Hibernia REIT has completed its largest land purchase to-date with the acquisition of two separate parcels in west Dublin, including 92.5 acres from the Irish Rugby Football Union.
The land owned by the IRFU was planned for use in its Rugby World Cup 2023 bid but is currently zoned for agricultural use. Hibernia chief investment officer Richard Ball has said the developer will target re-zoning to coincide with new South Dublin County Council development plan in 2022 and described the site as “an ideal candidate for mixed-use development, including a large element of infill residential”.
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