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Los Angeles-based Kennedy Wilson has confirmed the completion of three major residential developments in Dublin.
Coopers Cross, The Grange and Sanford Lodge have added approximately 800 units to Kennedy Wilson’s Irish multifamily portfolio, which now totals over 3,300 units with a further 232 units under development.
“We are long-time believers in this vibrant market, and these development milestones mark just the beginning for these communities that continue to raise the bar for residential offerings within the region,” Kennedy Wilson Chairman and CEO William McMorrow said in a statement.
He added that it continued Kennedy Wilson’s “legacy as one of Ireland’s most active real estate investors and operators.”
The 6-acre Coopers Cross mixed-use development in Dublin’s North Docks is one of the largest undeveloped sites in Dublin’s Docklands and formed part of the Strategic Development Zone designed to facilitate regeneration of the area. The recently completed residential phase includes 471 apartments and resident amenities and retail space anchored by a new public park in the North Docks.
Residences are connected to future Grade A office space via a sequence of courtyards and thoroughfares, while a public square and town hall space also connects the office space and retail through a garden street as part of a campus approach.
Expected to be completed by the end of the year, the 395K SF of new office space at Coopers Cross will target LEED and WELL Platinum and BREEAM Outstanding, according to Kennedy Wilson. Coopers Cross was the first commercial development in Ireland to achieve a Platinum SmartScore certification.
At The Grange, Kennedy Wilson delivered 287 new apartments, resident amenity space and a dedicated daycare centre, bringing the company’s total holding at the Stillorgan project to 539 units.
Expansion for Sanford Lodge Apartments has also been completed, with 36 new apartment and duplex units now available for lease.
All the new residential projects feature roof terraces, parks, children’s playgrounds, fitness centres, business centres, game rooms and resident lounges.
In addition to its developments in Ireland, Kennedy Wilson has an active pipeline of $1B in developments across the western U.S., totalling over 2,800 apartment units. The majority of these projects remain on track to be completed by the end of 2024, according to the company.
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