LDA acquires site with potential for 700 new homes

RDJ advised the Land Development Agency (LDA) on the acquisition of a significant urban regeneration site in Cookstown in Tallaght in Dublin 24 that, subject to planning permission, has the potential to deliver over 700 new homes.

The site was acquired from a private seller as part of the LDA’s private site acquisition initiative, which was announced in August 2023. As part of this initiative, the LDA is targeting the purchase of privately-owned sites with significant housing potential to add to its landbank of State-owned land and local authority partnership sites.

The Cookstown site is currently zoned for regeneration. Design and planning work will commence immediately and, subject to planning permission, the LDA is seeking to have construction underway by 2028.

The RDJ transaction team was led by Simon Lynch (Real Estate) and included Evan Collins (Real Estate) and Finola McCarthy (Construction).