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Treasury Holdings wins approval for £700m Ballymun redevelopment

Developer Treasury Holdings has secured full planning permission for its £700 million redevelopment of Ballymun town centre in north Dublin.

The firm, which is owned by Real Estate Opportunities and responsible for the most recent plans to redevelop Battersea Park Power Station in central London, said the project was the largest mixed-use town centre scheme to have ever been granted planning permission in Ireland.

REO chairman Ray Horney said: “This project is a flagship in the company’s Irish portfolio and we are confident we can commence construction in 2010.”

The 255,000 sq m regeneration, to be known as Spring Cross, will include the construction of 360 apartments, 60,000 sq m of retail, 35,000 sq m of offices and 11,000 sq m of other uses including a substantial leisure and civic facilities with cinemas, bowling alleys, a public library and restaurants.