The National Asset Management Agency (NAMA) in Ireland has invited expressions of interest regarding the land located within the designated Poolbeg West Strategic Development Zone (SDZ). Interested parties are invited, through an open market process, to subscribe for a majority 80% shareholding in an entity (“Pembroke Ventures DAC”), currently a NAMA group entity, which ultimately owns the lands. The land extends to approximately 37.2 acres and is located at Pembroke, Dublin 4.
The Planning Scheme for the SDZ was formally adopted by An Bord Pleanála in April 2019 and facilitates a mechanism for the fast-tracking of planning applications for development.
The site has the potential to deliver up to 3,500 residential homes (including 10% Part V and 15% social and affordable homes) and approximately 1 million sq. ft. of commercial development, as well as a school site and community and public open spaces.
The deadline to submit the interests is October 10, 2019.
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