A value of €230,000/ac has been put on 298ac of zoned farmland on the outskirts of Dublin, ownership of which was recently transferred to the Land Development Agency (LDA).
A new town is to be built in north Co Dublin on 212ac (86ha) of farmland that is currently under grass and crops.
Ownership of the lands at Lissenhall, 2km from Swords, was recently transferred from the National Asset Management Agency (NAMA) to the LDA and is earmarked for thousands of residential units.
The LDA has plans for 6,000 residential units for the 212ac Lissenhall site near Swords.
Land Registry documents show that companies controlled by the well-known building developer Michael Bailey formerly owned some of the lands included in the Lissenhall site.
Although the lands at Lissenhall are currently being farmed, the entire property is zoned residential. The lands are located just west of the M1 and include the proposed MetroLink Estuary terminus, which will provide a transport link into Dublin city centre.
An LDA spokesman said that as many as 6,000 residential units will be developed at the site, making it one of the largest planned residential developments in the State.
A Metro station is planned for the Lissenhall development.
“The site is zoned Metro Economic Corridor and, long term, has the potential to deliver a new town adjacent to Swords in north Co Dublin,” the LDA stated.
Meanwhile, NAMA also transferred ownership of an 86ac (34ha) farm at Celbridge to the LDA. One thousand new homes will be built on the Celbridge lands which have been under crops in recent years.
The two properties at Celbridge and Lissenhall were valued at €68.5m or €230,000/ac.
“The €68.5 million value of the two sites will form part of NAMA’s lifetime surplus, which is in the process of being transferred to the Exchequer,” NAMA stated.
A value of €230,000/ac has been put on 298ac of zoned farmland on the outskirts of Dublin, ownership of which was recently transferred to the Land Development Agency (LDA).
A new town is to be built in north Co Dublin on 212ac (86ha) of farmland that is currently under grass and crops.
Ownership of the lands at Lissenhall, 2km from Swords, was recently transferred from the National Asset Management Agency (NAMA) to the LDA and is earmarked for thousands of residential units.
The LDA has plans for 6,000 residential units for the 212ac Lissenhall site near Swords.
Land Registry documents show that companies controlled by the well-known building developer Michael Bailey formerly owned some of the lands included in the Lissenhall site.
Although the lands at Lissenhall are currently being farmed, the entire property is zoned residential. The lands are located just west of the M1 and include the proposed MetroLink Estuary terminus, which will provide a transport link into Dublin city centre.
An LDA spokesman said that as many as 6,000 residential units will be developed at the site, making it one of the largest planned residential developments in the State.
A Metro station is planned for the Lissenhall development.
“The site is zoned Metro Economic Corridor and, long term, has the potential to deliver a new town adjacent to Swords in north Co Dublin,” the LDA stated.
Meanwhile, NAMA also transferred ownership of an 86ac (34ha) farm at Celbridge to the LDA. One thousand new homes will be built on the Celbridge lands which have been under crops in recent years.
The two properties at Celbridge and Lissenhall were valued at €68.5m or €230,000/ac.
“The €68.5 million value of the two sites will form part of NAMA’s lifetime surplus, which is in the process of being transferred to the Exchequer,” NAMA stated.
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