Leopardstown Campus Expansion: Planned Collaboration Between HRI and LDA for Construction of 800 New Residences
In the heart of south Dublin, it's full steam ahead for a monumental housing development at Leopardstown Racecourse, courtesy of a landmark deal between the Land Development Agency (LDA) and Horse Racing Ireland (HRI).
This bustling collaboration will see around 17 acres of HRI-owned land passed on to the LDA, paving the way for a fabulous new residential neighborhood that could accommodate a staggering 800 homes[1][2][5].
Collaborating with Dún Laoghaire-Rathdown County Council, the LDA and HRI are aiming to create an all-singing, all-dancing masterplan for Leopardstown, ensuring the development of much-needed affordable housing, all while preserving and enhancing the racecourse and its extensive amenities.
This land transfer follows some top-notch foot-tapping between the LDA and HRI, ensuring the best outcome for both parties[2][4]. Designed and planned to the nines, design and planning work on the unprecedented site-wide masterplan and proposed housing development will commence forthwith.
Subject to the green light from the planning office, the LDA will put the pedal to the metal, delivering A-grade homes that will nestle next to the existing, underutilized Leopardstown Luas stop.
Just take a stroll around the Leopardstown vicinity, and it's not hard to see why the area is the envy of property-starved Dublin - it boasts prime location next to the M50 and the Green Luas line, not to mention a smorgasbord of services and amenities at your beck and call[6].
The adorable four-legged friends over at HRI's campus in Leopardstown sniffed out the potential for housing in the 2021 Government's Housing for All plan[4].
Minister for Housing, Local Government and Heritage, James Browne TD saw this deal as mane-ifest destiny. "The LDA's got what it takes to crank out housing at a high volume and in quick time, Bohulla! With a bulging development pipeline under its belt, it's indispensable that the LDA can tap into more State-owned land, like this lush patch of sod with the potential to house over 800 homes in a prime location," said Mr Brown.
"This decision by HRI is going to have serious repercussions. It's doing its bit to help Ireland out of its housing crunch," he added gleefully.
John Coleman, CEO of the LDA, called the transfer of State-owned land to the LDA a shining example of how state bodies can collaborate for the greater good. "When state bodies are game to make the most of their land and work with the LDA, we can deliver affordable homes while ensuring our state partners' existing and future needs ain't neglected," said Mr Coleman[7].
In the meantime, the champagne corks are popping at HRI. Suzanne Eade, CEO of Horse Racing Ireland, chimed in, "With the racing industry clocking in at over €2.46bn to Ireland's economy each year, it's essential to safeguard our plans for the further development of Leopardstown Racecourse's campus and enhance what's already a top-notch racing venue, while nurturing a thriving mixed-use community for the benefit of the Greater Dublin Area."
As the Land Development Agency (LDA) and Horse Racing Ireland (HRI) collaborate on a significant housing development at Leopardstown Racecourse, there arise opportunities for investing in the real-estate sector, given the planned construction of 800 homes. The LDA's focus on affordable housing and preservation of the racecourse's amenities make this development particularly attractive for potential investors in the housing-market.
