LidlWednesday, 10 April 2019
ByrneWallace has advised Lidl Ireland on the forward sale of a substantial part of a landmark mixed-use development currently under construction in Ballymun, Dublin. The scheme will encompass a separate Lidl store, customer car park, office space as well as two linked blocks of retail and student accommodation of six storeys in height.
The ‘North Quarter’ development, for which Lidl secured planning in 2018, will cater for 364 student bedrooms with additional facilities such as a gym, café, cinema room, and study halls. The student residence scheme and four commercial units have been forward sold to AIG Global Real Estate in a deal that exchanged in early 2019. This aspect of the scheme had been marketed by CBRE in 2018 for sale for €46 million.
The ByrneWallace team who advised on the transaction included Michael Walsh (Partner, and Head of Property), Michelle McVeigh (Partner, Property), Fergal Ruane (Partner, Projects and Construction) and Bryan O’Gorman (Senior Associate, Property).
Click here for more information on this transaction and to view Lidl’s press release.