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Treasury Holdings to invest €800 million in west Dublin eco suburb

Treasury Holdings, one of Ireland's largest private property companies, has announced that it will proceed with an €800 million development as part of the Clonburris Strategic Development Zone (SDZ), Dublin City Council's planned sustainable district in the west of the city.

Under the city council's plans, all residential units built in the area will have a minimum A3 energy rating. Thirty per cent of heating will be provided by re-newable energy, and emphasis will be placed on low embodied energy and re-cycled building materials. A district heating
network is also planned, amongst a range of impressive green requirements.

Treasury Holding's two million square foot development will encompass the main shopping street as well as a new public square and a landmark IG-storey building. It will also comprise an open plan area with streets, squares and parks. The development is one of only three areas in Ireland where main-line rail, light rail and Quality Bus Corridors meet. The
nearby Clondalkin/Fonthill railway station is already open with park and ride facilities available for commuters.

Rob Davies, Director of Retail and Leisure at Treasury Holdings said, "We are very pleased  with the decision of An Bord Pleanala to approve the Clonburris SDZ. The ethos of the SDZ is that infrastructure and community facilities such as schools, libraries and parks are all provided in tandem with the development of shops, offices and residential buildings. This  development will set a national benchmark for sustainability and we're very excited to be a part of it."

"We are committed to moving forward to create a high quality new town centre at Clonburris that will serve the surrounding neighbourhoods and we hope to unveil our plans in 2009."