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April 23, 2008

€180m spent assembling ‘Dublin Central’ site

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The 5.5-acre site for the ‘Dublin Central’ scheme between Upper O’Connell Street and Moore Street took over four-and-a-half years to complete and involved around 70 leaseholders and freeholders Property developer Joe O’Reilly of Chartered Land has spent in the region of €180 million assembling the 5.5-acre site for the proposed Dublin Central shopping, leisure and residential development between Upper O’Connell Street and Moore Street. The €1.25 billion scheme – which includes two new pedestrian streets and three public squares – is easily the most spectacular project ever proposed for the city centre. If, as expected, the plans are approved by the planners, it will add 65,000sq m (700,000sq ft) of retail space in the city centre. Another 37,160sq m (400,000sq ft) is planned by Arnotts for nearby Princes Street.

The Irish Times

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