Some 400 acres of prime development land at Cherrywood in south Dublin, formerly owned by developer Liam Carroll, is to be put on the market.
The site is the biggest parcel of development land ever to come on the market.
It is to be offered for sale at up to €300 million after fast-track planning was approved.
The site is part of a bigger tranche of land that was designated as a fast-track zone this week, An Bord Pleanála said today.
More than 7,700 homes are planned for the wider Cherrywood site together with a new town center and office complexes, according to a filing by the Dun Laoghaire and Rathdown borough.
Lloyds Banking Group , the National Asset Management Agency and Danske Bank are the lenders to the project, sources said.
Mr Carroll, one of the country’s biggest developers during the property bubble, has seen a number of properties seized by banks.
He bought the Dublin land in 2002 and 2003.
Mr Carroll declined to comment when contacted by phone. Lloyds, Danske Bank and Nama also declined to comment.
The site would be one of the largest tranches of urban land sold in recent times
In a fast-track zone, planning approvals by the council cannot be overturned by the An Bord Pleanála.
Bloomberg
