Treasury Holdings has secured full planning permission of the €800m regeneration of Ballymun Town Centre in north Dublin.
The company claims that the Spring Cross development represents the largest mixed use town centre permission that has ever been granted in Ireland.
The project is promised to create 2,000 construction jobs and on completion, support 8,500 direct and indirect jobs. Work is due to begin next year and is expected to take three years to complete.
The scheme includes 360 apartments, 60,000 square metres of retail, 35,000 square metres of offices and 11,000 square metres of other uses including a leisure and civic building with cinemas, bowling alleys, a public library and restaurants.
Treasury Holdings is the Irish property investment manager for, and majority shareholder of Real Estate Opportunities. The company is also developing the Battersea Power Station site in London.
'This important achievement demonstrates the quality of both REO's development portfolio and the ability of its management to create value. This project is a flagship in the company's Irish portfolio and we are confident we can commence construction in 2010,' commented Ray Horney, REO Chairman.
