Government and developers own Ballsbridge properties

The Government, developers and private investors all own properties on sites in Ballsbridge that city management favour rezoning…

The Government, developers and private investors all own properties on sites in Ballsbridge that city management favour rezoning from offices to mixed use in a move that could promote high-rise buildings.

The Government owns Lansdowne House on the corner of Lansdowne and Northumberland roads, the site marked A on the local authority's map.

Builder and investor Bernard McNamara owns Carrisbrook House, the site marked B on the map, which is on the junction of Pembroke and Northumberland roads.

Mr McNamara has been the most active purchaser of Dublin property in recent years, recently paying €288 million for the Burlington Hotel, joining forces with the Dublin Docklands Development Authority and the financier Derek Quinlan to pay €412 million for the 24-acre Glass Bottle site at Ringsend.

READ MORE

Developer Seán Dunne's Mountbrook Homes is one of the biggest landowners in the area. He paid €379 million in total for Jury's Hotel/Towers/ Berkeley Court site in 2005, most of the area marked C on the map.

He also has interests in parts of the Sweepstakes office complex, marked G, and the AIB bank centre, H.

Developer Ray Grehan paid almost €84 million an acre for the old Veterinary College site, which he bought for €171.5 million in 2005. This used to belong to the State, and includes part of area C and D on the map.

Texaco House, an office block on Pembroke Road, next to the US Embassy, is owned by a number of groups of private investors, but there is no dominant stakeholder.

Barry O'Halloran

Barry O'Halloran

Barry O’Halloran covers energy, construction, insolvency, and gaming and betting, among other areas