Pursuits
Dublin Land for New $3.4 Billion Suburb Offered for Sale
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A site for a new suburb of Dublin was offered for sale with an asking price of more than 220 million euros ($300 million). The completed project will be valued at about 2.5 billion euros, according to Savills Plc, the broker managing the deal.
The buyer of the 400-acre (162-hectare) site at Cherrywood can build 37,800 square meters (407,000 square feet) of stores, more than 3,800 homes and about 220,000 square meters of office buildings, Savills Plc said in a statement today. The project, covering an area larger than London’s Hyde Park, needs local government approval.