Sunday 16 November 2008

€171.5m site may be used as car park

One of the most expensive sites in the country, bought for €171.5m, is to be used as a car park for up to two years.

Motor company MSL has applied to Dublin City Council for permission to use the former veterinary college at Ballsbridge, Dublin 4, as a "temporary overflow car park for the storage of vehicles for Ballsbridge Motors".

It plans to store up to 100 cars on 1.5 acres at the site, bought in 2005 by property developer Ray Grehan for €171.5m, then a record land price per acre.

Grehan is awaiting word from An Bord Pleanála on whether or not he can go ahead with a mixed-use development on the site that includes 190 apartments. The development is to be known as One Ballsbridge.

Meanwhile, the Dublin Airport Authority has played down the impact on its €4bn Dublin Airport City plan of the decision by Michael Cotter's Park Developments to seek a 10-year planning permission for more than 2,700 car park spaces on land at Cloghran Stud earmarked for the Airport City project.

"The DAA continues to advance its plans for Dublin Airport City, while being mindful of the current very challenging economic environment," he said. "It is envisaged that Dublin Airport City, will deliver over time, a major new economic hub for Ireland, significant employment generation in North Dublin and new revenue streams to support continued investment in Dublin Airport."

Sunday Tribune

No comments: