Hines APG Tops Out New Apartment Building at Cherrywood

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By Chamber Press Office, 11 January 2023

Hines, the global real estate investment, development and property manager, today marked the official topping out of its newest 317-unit apartment block which is under construction at Cherrywood Town Centre, with a visit to the site by the Cathaoirleach of Dun Laoghaire Rathdown County Council, Councillor Mary Hanafin. 

Cherrywood Town Centre is a 1,270-unit mixed-use development located in the new Town Centre area adjacent to the Luas Green Line at Cherrywood and Bride’s Glen. The first families began moving into the Cherrywood Town Centre apartments in June this year, and it is now officially home to 800 residents.   

This newest 317-unit residential block currently under construction is directly adjacent to Cherrywood Luas stop and when completed will comprise 3 separate buildings – Tully Building will have 146 residential units; Talbot Building will have 110 residential units and the Bridget Building will include 61 residential units.    

Today’s event was also to mark the recent award to Cherrywood by GRESB (Global Real Estate Sustainability Benchmark) of its top European ranking, declaring it “Global Sector Leader” for the third year running.  Already one of the largest urban developments in Ireland, Cherrywood is also emerging as one of the most sustainable urban projects in Ireland and across Europe. 

Managing Director of Hines APG, Gary Corrigan, said “We are very proud to be building one of the most sustainable developments in Ireland today. Our newest apartment block at Cherrywood which we are topping out today, will see a further 317 high spec units added to our award-winning portfolio over the next 12 months. For Hines APG to recently win the top GRESB score in Europe for Cherrywood is not just a huge win for the team working on the project but is also testament once again to Hines’ global commitment to deliver developments of excellence. Cherrywood’s success stems from strong collaboration amongst multiple stakeholders, including some of the top architecture design teams in Ireland. Our vision has been not just to deliver best-in-class residential housing but also to create a truly sustainable community to benefit from it. The wider Cherrywood masterplan is delivering unprecedented levels of amenity, sporting and recreational facilities underscoring its status as a European and world class development.”      

Cathaoirleach of Dun Laoghaire Rathdown County Council, Mary Hanafin, said –“ I am delighted to recognise the achievements of Hines APG in winning this prestigious European sustainability award for its Cherrywood development and to mark today’s topping out ceremony, which will soon see a further 317 residential units coming on stream here in the Town Centre area. We are seeing a huge transformation this year with the country’s newest town and the arrival of its first new residents. The masterplan process for the Cherrywood SDZ has seen the front-loaded delivery of key infrastructure such as the three new parks, roads and cycle infrastructure and greenways. I also welcome the fact that Cherrywood Educate Together - recently moved into their brand-new school building and thank Hines for contributing the land to enable this important educational initiative to progress.”

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