A substantial parcel of development in Naas is up for sale and could fetch more than €4m.
The 14.7 acres at Oldtown Demesne, Sallins Road, are already zoned for almost 180 residential development (houses and apartments) as well as two commercial units.
The land is owned by a company known as Western Alliance Property, which is controlled by Naas resident Gerry Prendergast, Thomas Considine and Patrick Sweeney, who also had a controlling interest in the nearby Millennium Park.
Mr. Prendergast was associated with the effort to attract the multi million Kerry Group investment to Millennium Park.
It is estimated that the land will sell for between €3.75m and €4m. and the sale is being handled by Dublin 4-based CBRE.
Mr. Prendergast told the Leader that while WAP is working with the National Asset Management Agency, a receiver has not been appointed to the company and the company is selling the land.
“There is a big demand for housing in Naas because of the arrival of the Kerry Group and this kind of development should help revive Naas town centre,” Mr. Prendergast told the Leader.
The original owners of Millennium Park included Jerry Conlon. Millennium Park was sold for €320 in 2006 to a company with which Gerry Prendergast, Thomas Considine and Patrick Sweeney were associated.
Four years later one valuation placed a €38m price tag on the park.
- Paul O’Meara.