BRENNANSTOWN

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1 D U B L I N 1 8

2 DÚN LAOGHAIRE CORNELSCOURT GLENAGEARY FOXROCK CABINTEELY PARK CABINTEELY VILLAGE N11 KILBOGGET PARK ROAD LOT 2 - LEHAUNSTOWN LOT 1 - DRUIDS GLEN 2 / 3 CHERRYWOOD For Identification Purposes Only EXECUTIVE SUMMARY Approx acres Potential for approx. 400 Resi Units (SPP) Increasing Demand for Residential Accommodation Host of Amenities in the Immediate Area Superb Residential Development Opportunity Affluent Suburban Location Excellent Transport Links Designated Strategic Development Zone (SDZ)

3 THE LOCATION The Brennanstown lands are situated within the Cherrywood Strategic Development Zone. Cherrywood is located less than 13 km south of Dublin City Centre and is situated between both the and N11. Dublin Airport is less than a 45 minute drive away, while the affluent coastal suburbs of Dun Laoghaire, Seapoint and Blackrock are all under 15 minutes away via car. Public transport links include multiple Dublin Bus routes as well as dedicated Luas stations at Brides Glen, Laughanstown & Cherrywood, which allow commuters to travel between Cherrywood and St. Stephen s Green in under 40 minutes. The Lehaunstown lands are situated adjacent to the Laughanstown Luas station. Sandyford Business Park 14 min via Luas UCD 19 min via Car St Stephens Green 39 min via Luas Dublin Docklands 50 min via Luas FOXROCK Brighton Road Cornelscourt Hill Road CABINTEELY CABINTEELY PARK Old Bray Road Johnstown Road Brennanstown Road Ballyogan Wood JUNCTION 15 Carrickmines N11 The Park Carrickmines Laughanstown CARRICKMINES LOUGHLINSTOWN 4 / 5 CARRICKMINES GOLF COURSE Cherrywood Cherrywood Buisness Park Lot 1 - Druids Glen The lands are located in a vibrant, and hugely desirable part of South Dublin. Cabinteely Park The surrounding suburban settlements include Foxrock, Cabinteely, Leopardstown and Carrickmines. The Park, Carrickmines is a short drive from the subject site and is the premier retail park in Ireland. Other nearby amenities include Leopardstown Racecourse, Westwood Health Club as well as Cornelscourt Centre, which is anchored by Dunnes Stores. Dundrum Town Centre, Ireland s only super-prime shopping centre, can be accessed directly from the Luas line as well as on the in under 15 minutes via car. Cherrywood is located within the local authority of Dun Laoghaire/Rathdown County Council which has a population of over 200,000 people and has been designated as a Strategic Development Zone (SDZ) since May Longterm this strategy aims to assist with the development of the area and surrounding environs, resulting in the creation of a vibrant, unique and new community in a hugely desirable part of South Dublin. The subject site is located within the northern portion of the SDZ development boundary adjacent to the Brennanstown Road. This provides direct access to Cabinteely Village as well as the Old Bray Road which the Cornelscourt Centre is located on. From here you have immediate access to the N11 and are only one junction away from the suburban settlement of Foxrock, one of the most sought after and affluent residential suburbs in south Dublin. Lot 2 - Lehaunstown The subject site is located within the north-western portion of the SDZ development boundary and is adjacent to the Lehaunstown Luas Stop. Nearby developments include the Tullyvale residential development, located to the south of the subject site, which accommodates over 700 apartments within 26 housing blocks as well as Cherrywood Business Park which is located only minutes away. Brennanstown Road Sign

4 DESCRIPTION Lot 1 - Druids Glen THE PARK CARRICKMINES LEOPARDSTOWN GOLF CENTRE SANDYFORD The overall expanse of the Druids Glen portion of the site extends to approximately 19.9 acres, inclusive of Glendruid House. The site is bound by the Brennanstown Road and residential units to the north, a residential unit to the west, a narrow laneway to the west and lands under trees and grass to the south. FOXROCK The site has a steep gradient from north to south. There are three dwellings included within the site boundaries. Glendruid House, a protected structure, is located towards the northern boundary of the site. Druid House is also located towards the northern boundary, while Knockanree House is located towards the western boundary of the site. CHERRYWOOD SDZ LOT 2 ROAD LOT 1 The land situated between Druids Glen and Lehaunstown incorporates approximately 11.1 acres of forestry land. The lands naturally slope from north to south and provide a natural buffer between Lot 1 & Lot 2. CABINTEELY VILLAGE Lot 2 - Lehaunstown The subject site extends to approximately 9.5 acres and partly comprises three residential houses, with one being derelict and vacant. Set on a flat and level topography, the site is bound by a narrow laneway to the south, the Luas line to the west, and vacant land to the east and north. 6 / 7 The northern section of the site will in future be bound by a proposed road, providing linkage to the N11 and surrounding suburbs of Foxrock and Cabinteely, two highly desirable residential locations. N11 For Identification Purposes Only Zoning Information Natural Green Space Planning The lands situated between both land parcels are zoned Green Infrastructure within the Cherrywood SDZ. The Brennanstown Road offers easy access to both Cabinteely & Foxrock, two of South Dublin s most affluent village settlements. Lot 1 - Druids Glen The lands are situated within the Druids Glen portion are zoned Res 1 within the Cherrywood SDZ and are located within an area designated Development Area 5 under the Cherrywood SDZ. Res 1 objective allows for a density of per hectare ( per acre) with heights ranging from 2-3 storeys. The remaining 11.1 acres are zoned Green Infrastructure. Lot 2 - Lehaunstown The subject site has split zoning objectives within the Cherrywood SDZ and are situated within an area designated Development Area 1 under the Cherrywood SDZ. The majority of the site is located within an area zoned Res 3, with a portion of the site located within an area zoned Village Centre. The Res 3 objective allows for a density of units per hectare ( per acre) with heights ranging from 2-5 storeys, while the Village Centre zoning allows for building heights ranging from 4-5 storeys, with plot ratios of 1:1.4-1:2 and site coverage of 40%-60%. A planning report has been prepared by John Spain & Associates and is available in the data room.

5 DUBLIN AIRPORT TRANSPORT & ACCESSIBILITY M1 Whilst the location benefits from a picturesque setting on the doorstep of exclusive residential neighbourhoods such as Foxrock, Carrickmines and Cabinteely, it also offers excellent accessibility. The Luas green line runs almost parallel to the subject sites, while Dublin Bus has a number of routes serving the area. The location boasts excellent access onto both the N11 and, which grants HOWTH easy access to the city centre as well as north and west Dublin. CK Motorway BROOMBRIDGE N3 CLONTARF PHIBSBOROUGH PHOE N IX PA R K TYMON PARK CITY CENTRE 8 / 9 B REN NANSTOWN N7 BALLSBRIDGE DUBLIN BAY RATHMINES N81 BLACKROCK DUN LAOGHAIRE N11 DUNDRUM Laughanstown Luas Stop MA R L A Y PARK DALKEY FOXROCK SANDYFORD LOUGHLINSTOWN STACKSTOWN DUBLIN / WICKLOW MOUNTAINS CARRICKMINES M11 TRAVELLING BY CAR TRAVELLING BY LUAS TRAVELLING BY BUS Approx. 12km from Dublin City Centre, with easy access provided by the N11 and Laughanstown and Cherrywood Luas stops in close proximity, providing regular service to Dublin City, Sandyford, Dundrum & Docklands Area Multiple bus routes serving the area, providing access to Dublin City and the surrounding suburban settlements

6 Lot 1 - Druids Glen Lot 2 - Lehaunstown 8.8 ACRES RESIDENTIAL LAND 11.1 ACRES FORESTRY LAND DEVELOPMENT POTENTIAL APPROX. 170 RESIDENTIAL UNITS (SPP) 9.5 ACRES RESIDENTIAL/TOWN CENTRE 600 SQ.M RETAIL/COMMERCIAL SPACE DEVELOPMENT POTENTIAL APPROX. 230 RESIDENTIAL UNITS (SPP) 10 / 11 For Identification Purposes Only LOT 3 - THE ENTIRE ENTIRE SITE 29.4 ACRES 600 SQ M RETAIL/COMMERCIAL SPACE DEVELOPMENT POTENTIAL APPROX. 400 RESIDENTIAL UNITS (SPP)

7 UNITS PERCENT P.A. UNITS RESIDENTIAL MARKET Overview Residential property prices in the Irish market to continue to increase by double digits (up 13% annually in the year to April) although most commentators now expect some moderation in the pace of house price inflation over the coming months as Central Bank macroprudential rules start to impact. Indeed, new Banking & Payments Federation data shows that loan to income ratios are starting to have an effect. In the interim, demand for housing continues to outstrip supply to a significant degree in Irelands major cities with more than 1 billion of mortgages being approved in the Irish market in the first quarter of 2018 alone - up 14% year on year. Decline in Irish housebuilding activity Residential property prices continue to increase by double digits in the Irish market More than 1 billion of mortgages were approved in the Irish market in Q1 of 2018 The recent publication by the Central Statistics Office (CSO) of a new and more accurate housing completions series for the Irish market is broadly welcomed. This new data series confirms that only 14,446 housing units were developed in the Irish market last year less than half of the volume actually required suggesting that although housebuilding activity in the Irish market is clearly increasing year-on-year, considerable efforts are still required to increase production further and attempt to meet the country s housing needs. At least 30,000 new housing units are required in the Irish market for the foreseeable future with at least 60% of this annual output required in the Greater Dublin Area, particularly if the pace of job creation in the capital continues at its current rate. In the interim, house prices are expected to continue to rise although at a more modest rate. MILLION Development Land Sales H1 Scarcity of zoned & serviced land to satisfy demand H1 > 90% decline in new home construction from peak 100,000 93,419 90,000 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 >90% decline 8,301 Dublin house price annual growth Rapid recovery in pricing over the last decade but average prices still below peak Source: CBRE Research 12 / Dublin Residential Completions Light increase in new home construction, albeit from a very low base after 93% decline peak-to-trough M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M M Jan/Feb ,000 20,000 19,470 15,000 10,000 5,000 1,266 6, Jan/Feb 2018 Source: DOE Ireland Source: CSO RPPI

8 FURTHER INFORMATION Dataroom Further information is available through our web based dataroom. In order to access the dataroom, please request and return a signed NDA to the selling agent CBRE. Title A title summary is available in the property data room. Services We understand that all mains services are available to the property. Interested parties are advised to satisfy themselves as to the availability of these services. Guide Price Available upon request. Technical Reports Planning and services reports have been prepared and are available within the data room. Tenure We understand the property is held Freehold/Long Leasehold. Selling Agents Contacts Peter Garrigan peter.garrigan@cbre.com Darragh Deasy darragh.deasy@cbre.com Willie Norse willie.norse@cbre.com Solicitor Contacts A&L Goodbody North Wall Quay, Dublin 1 Paul Diggin pdiggin@algoodbody.com Disclaimer: CBRE U.C., (CBRE Ireland) These particulars are issued by CBRE U.C., registered in Ireland, no PSRA Licence No on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property at Brennanstown, Dublin 18.

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