An Exceptional Opportunity To Own And Operate A New Luxury Hotel In The Heart Of Dublin 4, Adjacent To The Exclusive Lansdowne Place Residential Development
Dublin, 26th April 2018 – Leading property development company Chartered Land, have today confirmed their instructions with CBRE Hotels to offer an exceptional first-class hotel development opportunity to the Irish and international market. Located on Pembroke Road, Ballsbridge, adjacent to the prestigious Lansdowne Place residential development, the opportunity to establish a brand-new hotel on a site with a proven track record has now arisen. This exclusive hotel opportunity is situated on a historically iconic hotel site where the current Ballsbridge Hotel (former Jury’s Hotel) trades and, alongside the site of the famous Berkeley Court Hotel (Clyde Court Hotel).
The new hotel will comprise 211 generously proportioned guest bedrooms over seven floors, a double basement car park, six meeting rooms and a fitness gym. The desirable property will be the centerpiece of a new vibrant quarter in Ballsbridge within a residential-led development with approximately 300 apartments, high-end retail and fashion boutiques along with premium food and beverage offerings creating a new village in Dublin 4. Construction is due to commence in 2019.
The site is accessed off the current Ballsbridge Hotel on Pembroke Road with the proposed hotel fronting on to a new pedestrian street which is shared with the adjacent One Ballsbridge development. It will link Pembroke Road and Shelbourne Road where a number of high profile retail and office tenants will be located including AVOCA, Dylan McGrath and Avolon, one of the world’s leading aircraft leasing companies.
Immediately adjacent and linked to this mixed-use scheme is Lansdowne Place on Lansdowne Road, Dublin’s most prestigious residential development comprising 215 apartments. Each residence has been designed and built to the very highest specifications offering unparalleled luxury living in a beautifully landscaped setting. Within the apartment scheme there are twenty-four penthouses varying in layout and size of which nine have been released and sold to-date. It was reported that one of the roof garden penthouses located with frontage onto Lansdowne Road achieved a price of €6.5 million after being released on the market last September.
Ballsbridge is, without doubt, Dublin’s most desirable address and the capital’s most sought after neighbourhood. Situated just a short walk from the city centre and a twenty-minute drive from Dublin International Airport, Ballsbridge is steeped in history and its leafy roads boast some of the finest and most sought after residential homes in the country. Many embassies and diplomatic residences are located here. In addition, many corporate offices are located within the vicinity including AIB Bankcentre while the Central Business District and Digital Dock are less than a kilometre away.
Ballsbridge is also home to the Royal Dublin Society (RDS) established in 1879 which annually hosts the International Horse Show and the Agha Khan Nations Cup showjumping event, it is also home to Leinster Rugby since 2007. The Aviva Stadium, the headquarters of Irish rugby, is also located in the heart of Dublin 4.
According to John Ryan of CBRE this new Pembroke Road, Ballsbridge hotel opportunity is being offered to the market with optimum structuring flexibility. Expressions of interest are being sought from established hoteliers and investors through various options, such as on a forward commit, forward fund or subject to lease basis. The flexibility offered by this scheme will appeal to a host of hoteliers, operators and investors.
Working closely with Chartered Land the opportunity now arises to develop a luxurious and unique hotel at this iconic and premier location which will act as a placemaker for this truly original and best in class development.
Chartered Land is one of Ireland’s most pioneering and successful development companies whose many award-winning developments include Dundrum Shopping Centre, Grand Canal Square and the Gaiety Centre on South King Street, amongst others.
For further information, please contact:
John Ryan, CBRE Hotels 00 353 1 6185721
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About Chartered Land
Founded in 1999 and led by Chairman Joe O’Reilly and Chief Executive Andrew Gunne, Chartered Land has established itself as one of the largest and most pioneering property development and investment companies in Ireland.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Ireland
CBRE U.C., (CBRE Ireland) registered in Ireland, no. 316570. PSRA Licence No. 001528 is the country’s largest commercial real estate services company with offices in Dublin and Cork. Currently employing over 135 employees, we work with occupiers, investors and developers of office, industrial and logistic, retail, hotel and healthcare property, providing strategic advice and execution for property sales and leasing; tenant representation, corporate services; property and project management; appraisal and valuation; development services; investment management and debt advisory; business rates and compulsory purchase and research and consulting. Please visit our website at www.cbre.ie