Mr Smyth’s Fitzwilliam Real Estate group had secured full planning permission for 74 build-to-rent apartments on the site on Crofton Road located to the rear of St Michael’s Hospital which has been accommodating a car park and a two-storey house.

The price for the 0.8 acre (0.32-hectare) site was the equivalent of about €6.5m per acre which was the highest price per acre paid in Dublin during the third quarter of this year. This high price reflects its sought-after location practically in the heart of Dún Laoghaire close to the Dart station, the bus terminal and a range of amenities such as the harbour with its boating activities, the theatre and shops. The selling agent was Knight Frank.

The approved scheme will have uninterrupted views across Dún Laoghaire harbour and have a number of

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