Chai Brady
Aerial view of the Drumcondra portfolio. Photo Credit: The Irish Times/ Colm Keena. Clonliffe site may attract large bids
A Dublin land sale is on the brink of finalisation as the GAA and the Archdiocese of Dublin await Vatican approval for the lucrative deal.
The sale of more than 19 acres of land at Clonliffe College, Drumcondra, the site of Holy Cross Seminary, is at a critical stage with sources from both parties indicating the Holy See has not yet given the green light.
Developers
It is understood there have been discussions with developers and other interested parties but the GAA have not recruited or engaged anyone pending a final agreement.
Speaking at a conference regarding financial stewardship last month Declan McSweeney, General Manager and Financial Administrator of the Archdiocese of Dublin said their engagement with the GAA will bring significant urban renewal for the local community.
It is believed the site has potential to accommodate 1,200 apartments, while the conversion of buildings already on-site could provide more residential accommodation.
A document seen by the Irish Times, produced by agent Hooke and MacDonald for potential bidders describes the GAA as the vendor and says they will retain adjoining land to develop a hotel, sporting and recreational facilities. It is unclear how the archdiocese and the GAA will split profits from the sale.
According to the report, the property is expected to attract significant bids.