Glenveagh Properties has signed an unconditional legal contract to acquire a 2 hectare site in Dublin's North Docklands with the potential to deliver in excess of 450 residential units, subject to planning.
A statement said the exact purchase price was commercially sensitive but was in excess of €40m.
Glenveagh said the acquisition was expected to complete by year end and marked its first in Dublin's docklands, one of the city's major urban hubs and re-generation areas.
It is located in close proximity to the city's International Financial Services Centre and the 'Silicon Docks'. The site is known locally as 'East Road'.
At 8:17am: (LON:GLV) Glenveagh Properties Plc Ord Eur0.001 Wi share price was +0.01p at 1.15p