A HOUSING SITE of over 16 acres going for sale at a key location in Castleknock, Dublin 15, will be one of the first significant tests of how much development land values have fallen in the outer suburbs since the market collapsed in 2008. Diswellstown House, a large 17th century mansion and its extensive grounds, are expected to make in excess of €10 million – a long way from the € 25 million-plus paid for it in September, 2005, by Redquartz Boundary, a company controlled by Niall McFadden and Paddy Kelly, who later syndicated it out to a group of private investors. The purchase was funded by Bank of Ireland.
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