Having sold 33.8 acres of Limerick residential development land at Castletroy for up to €8.5 million, or €375,000 an acre, agents Savills now have a similar sized 21-acre lot on the other side of the city, price-guided at €200,000 per acre at Mungret. Launched this week is the Mungret land offer by private treaty, with a guide of €4 million. That prime and fully residentially-zoned land went to market in October 2018, also with Savills with a €7.25m guides, and a sale has now closed. “With the well-documented shortage of housing stock, developers and investors alike will welcome the site at Mungret in Limerick to the market particularly given its superb location,” says Savills’ James O’Donovan. Meanwhile, the same agency has a tender sale date of April 11 for a larger and key-strategic Limerick landbank, the former racecourse site close to the city centre at Greenpark.

Source: Irish Examiner April 03, 2019 16:07 UTC