Major developer demolishes own headquarters for development

The construction company that built the 3Arena and the Central Bank of Ireland offices in Dublin is trying to monetize its headquarters in north Dublin.

This follows Walls Construction’s ‘Fast Track’ plans to work with An Bord Pleanála to demolish the company’s three-storey Rosemount House headquarters at Malahide Road, Dublin 17, Northern Cross.

In its place, Walls Construction plans to build a €77 million nine-story mixed-use building containing 176 apartments.

The scheme consists of 72 one-bed units, 57 two-bed units and 47 three-bed units.

The project also includes 1,050 square meters of office space on the ground floor, which will house the new headquarters of the developer.

The development will also include a coffee shop.

The program provides amenities and support services for ground floor residents, including a cinema room, mail room, game room, co-working spaces, exercise facility and concierge services.

Walls is currently building Marlet Property Group’s College Square and Grand Canal Harbor projects in Dublin city center and the Hamilton Gardens project in Cabra is nearing completion.

Planning documents submitted to the Rosemount SHD project state that Rosemount House is 20 years old and is due to be completely demolished.

As part of its Part V obligations to provide social housing, the company has set a target price of €15.84m for the sale of 36 apartments to Dublin City Council.

Developments have identified 28 one bed units and eight two bed units and have resulted in an indicative average price of €440,115 for each unit

Planning consultants John Spain & Associates state that the project “provides an appropriate density and layout of development for the site”.

The evaluators went on to state that “the proposed development offers a high quality of living for the residents of the proposed development and also the adjacent development, while the proposal represents an appropriate intensification of use on site and provides for a mix of uses at a high accessible and suitable location”.

The planning consultant said the proposed development consists of 176 new homes and “could help alleviate housing demand in the area and in the city of Dublin as a whole”.

The latest reports show that Walls posted a pre-tax profit of €6.4 million in 2020. Major developer demolishes own headquarters for development

Fry Electronics Team

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