Quintain zones in on new centre for Adamstown

The property company Quintain, owned by private equity group Lone Star, has finalised plans for almost 300 apartments and a shopping development as part of a new “district centre” in Adamstown, west Dublin. 

The plans for the first phase of the Adamstown centre also include a public square and new streets. Adamstown, close to Lucan, is being developed as a new town, with thousands of homes being built by a range of developers. 

According to planning notices posted by Quintain, the proposed first phase of the district centre will include 278 apartments and duplexes in buildings of up to nine storeys. The retail element would have 16 shops, including an anchor supermarket, a multistorey car park and five restaurant outlets. 

The formal planning application is expected to be lodged with South Dublin county council this week. It is understood Quintain is in talks with the council about two further planning applications, involving another 450 homes for Adamstown. Quintain is active on several large projects in the UK and launched its Irish subsidiary late last year, with ambitions to develop over 9,000 homes and 56,000 sq m of commercial space. The Irish business is run by joint managing partners Eddie Byrne and Michael Hynes. 

As well as its large land holdings at Adamstown, Quintain owns sites at neighbouring Clonburris with space for about 350 homes. It bought 120 acres at Cherrywood in south Dublin last year, which could accommodate 3,000 homes, and expects to build about 1,000 homes in Portmarnock, north Dublin. 

Quintain is at the advanced stage of preparing a masterplan for its Cherrywood lands, and planning applications for several hundred homes are expected to be lodged within the next six months. 

Quintain is also reported to be among the bidders seeking to partner with Nama in the development of the 37-acre former Irish Glass Bottle site close to Dublin port. Final bids for an 80% share in the project, which could accommodate 3,500 apartments, were due last Monday. 

As well as Quintain, the bidders are reported to include US group Hines, developer Sean Mulryan’s Ballymore Group, and a partnership of Ronan Group Real Estate and Colony Capital. 

Source times.co.uk