Case Studies

Propiteer’s flagship project creates an exciting, bold vision in Dublin, Ireland. Ireland is Europe’s fastest growing economy and being English speaking, well educated and with low taxation rates it is only expected to accelerate once the UK departs the EU. This 20 acre site in Dublin’s Clondalkin region is zoned for town centre redevelopment and is considered to be one of the most significant developments within the city. Clondalkin is not just one of Dublin’s most historic and sought-after areas but it is also specified as a key Dublin focus area for vibrant urban living. This exciting project will deliver not just circa. 1,600 modern apartments to help combat the significant housing shortage but also a cinema, hotel and potentially a new primary health care unit for the Dublin community.

Institutional investors and professional landlords are flocking to Dublin to take advantage of what is considered by many, the rising boom of the Silicon Valley of Europe which has already attracted Facebook, Salesforce, LinkedIN, Yahoo, Apple to mention but a few of the technology giants who have located head offices to the city.

Dublin is now ranked 3rd in Europe, according to PwC’s annual city rankings included in Emerging Trends in Real Estate® Europe, scoring positively on real estate fundamentals and rental growth prospects, alongside quality of life, connectivity, innovation potential and attractiveness to talent.

Highlights

• Purpose-built, modern build-to-rent apartments with dedicated parking
• Local amenities, cycle routes and outdoor recreational areas
• Additional facilities include primary healthcare unit, 200 bed hotel, restaurants and entertainment including a bowling alley and cinema.
• Well connected distance to trainline into Dublin City Centre and a train network to all of Ireland’s larger cities.
• Desirable, central, and accessible location

Featured in the Irish Times, this project defines how high-quality, mixed density residences solves three problems in one: offering quality rental homes, new income opportunities for investors and helps reduce the chronic Dublin housing shortage. The development also fits perfectly with the Irish government’s Project 2040 initiative which is derived from how the country will accommodate an anticipated additional one million residents and includes every aspect from improved public transportation links and expansion of the city’s port to healthcare facility upgrades. These trends were the reason for Propiteer’s current flagship project being based within the city, which spell a bright future for Clondalkin, Dublin and investor returns.