Intelligent Real Estate Investments - Hines

Hines Seeks Planning Permission for 416 New Homes on Former Bailey Gibson Site in Dublin 8

(DUBLIN) Hines and APG today submitted a Strategic Housing Application to An Bord Pleanála seeking the construction of 416 new residential units at the former Bailey Gibson site on Dublin’s South Circular Road spread over a 2.18 hectare area. It signals the first important phase of the proposed redevelopment of the former Player Wills and Bailey Gibson site, which was purchased by Hines and APG in December 2018.

Phase 1 of this major development will consist of 404 new apartments, 2 duplex, 3 triplex apartments and 4 houses to be built in 5 new proposed blocks. These would range in height from 2 to 16 storeys, over single level basement on part of the site. All phases will include 10% social housing in line with statutory requirements.

A central feature of the development will be the high quality shared areas which have been recently fully re-specified to allow for the integration of social-distancing measures in the wake of the Covid-19 pandemic.

Tenant amenities will comprise over 812 sq. m. of facilities including 2 residents lounges, a gymnasium, a managed concierge area, a co-working space and an internal and external communal area and garden.

A 387 sq. m. dedicated commercial zone is also proposed, to facilitate a choice of restaurant, café or bar as well as shops, health facilities, community and arts spaces and office space for professional commercial activity are also included. The plan also proposes the construction of a 283 sq. m. childcare facility and associated play areas.

106 car and 12 motorcycle spaces will be provided at basement level including 10 dedicated disabled parking spaces. 10% will be fitted with electric charging points. 543 long-stay bicycle parking spaces will be provided comprising 315 at basement level and 228 at surface level. 84 short-stay visitor cycle spaces will be provided also at surface level.

    Managing Director with Hines Ireland Gary Corrigan said, “Hines and APG have worked closely with Dublin City Council and other stakeholders to develop a detailed design that provides much needed housing and associated amenities, while respecting the local street pattern and heritage of the area. This first planning application signals an exciting new chapter for Dublin 8 and for this superbly-located site which lies within walking distance of the city centre, the LUAS red line, multiple bus routes and the Grand Canal cycleway.”

    We have work extensively with Dublin City Council to bring forward detailed building plans for the Player Wills, Bailey Gibson and St Theresa's Gardens area. This will see an integrated design approach being taken across the entire project, with the 2017 Framework Plan now updated and approved for the St. Theresa's Gardens Strategic Development and Regeneration Area. It is the first of a series of planning applications for the Framework Plan with others to follow over the next number of months. Ultimately we will see up to 1360 new homes being built by Hines and APG across our two sites with excellent amenities and extensive recreation spaces delivered in the coming years, all of which will bring significant benefit and uplift to this part of the city.”

    The planning application also proposes a variety of communal open spaces spread over 5 separate areas – including a central courtyard, 2 roof terraces and 2 smaller courtyards. Access to the site will prioritise pedestrians and cyclists with a reconfiguration of existing road infrastructure and pedestrian access to reflect this.

    Of the 404 new apartments, 251 will be 1-bed apartments, 134 will comprise 2-bed apartments and there will be 9 studio units, each with their own private balconies providing additional amenity space. The duplex and triplex apartments will have balconies and terraces respectively while the new 4-bedroomed houses will each have rear gardens and stand-alone car parking.

    Pending planning approval, Hines hopes to commence construction in early 2021.

    Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 205 cities in 24 countries. Hines has approximately $133.3 billion of assets under management, including $71 billion for which Hines serves as an investment manager, including non-real estate assets, and $62.3 billion for which Hines provides third-party property-level services. The firm has 165 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,393 properties, totalling 459 million square feet. The firm’s current property and asset management portfolio includes 539 properties, representing over 232 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world.

    Since entering Europe in 1991, Hines has grown its European platform to include offices in 16 cities as well as a presence in 49 cities in 11 countries, with €20.9 billion of assets under management in Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Poland, Spain and the United Kingdom.

    Visit www.hines.com for more information