{"id":586543,"date":"2026-07-15T07:36:11","date_gmt":"2026-07-15T07:36:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/586543\/"},"modified":"2026-07-15T07:36:11","modified_gmt":"2026-07-15T07:36:11","slug":"hse-closing-in-on-e40m-purchase-of-landmark-dublin-4-property-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/586543\/","title":{"rendered":"HSE closing in on \u20ac40m purchase of landmark Dublin 4 property \u2013 The Irish Times"},"content":{"rendered":"

The Health Service Executive<\/a> (HSE) is understood to be closing in on the purchase for about \u20ac40 million of the former St Mary\u2019s nursing home in Dublin 4<\/a>.<\/p>\n

Located on a 5.451-hectare (13.47-acre) site immediately adjacent to St Vincent\u2019s University and Private hospitals and the Elmpark Green office and residential scheme, St Mary\u2019s was offered quietly to prospective purchasers by agent Avison Young on behalf of the Religious Sisters of Charity earlier this year.<\/p>\n

A strategic masterplan drawn up by Reddy Architecture + Urbanism in preparation for the sale identified the site\u2019s potential for a \u201clandmark multi-use development\u201d comprising about 360 apartments across a range of tenures, 315 single-bed student accommodation units primarily intended for medical students, a 250 single-bed step-down\/care home facility, a 239-bedroom hotel and about 19,523sq m of private hospital accommodation.<\/p>\n

The HSE\u2019s move to acquire the St Mary\u2019s campus is understood to be part of a longer-term strategic plan for the development of healthcare infrastructure at St Vincent\u2019s University Hospital and on the lands surrounding it. A portion of the hospital\u2019s existing site is already earmarked for the development of the new National Maternity Hospital.<\/p>\n

News of the HSE\u2019s acquisition of the St Mary\u2019s campus comes just over two years after it paid about \u20ac50 million to secure ownership of US property giant Starwood\u2019s remaining interests at Elmpark Green, the neighbouring office and residential scheme developed in 2007 by Bernard McNamara, Jerry O\u2019Reilly and the late David Courtney at a cost of \u20ac550 million. The HSE was advised on its purchase of the Elmpark Green portfolio by QRE Real Estate Advisers. QRE is understood to be advising the State\u2019s health authority on its acquisition of St Mary\u2019s also. <\/p>\n

Established by the Religious Sisters of Charity in 1868, St Mary\u2019s Home for the \u201cDestitute Catholic Blind\u201d, as it was originally known, was later developed as a healthcare and residential campus. It operated as St Mary\u2019s nursing home and Caritas convalescent home before being placed into liquidation by the order in July 2020.<\/p>\n

In 2022, the Sisters applied to Dublin City Council to change the zoning of a portion of the St Mary\u2019s lands to reflect the \u201cfuture development potential\u201d of institutional lands. About 4.85 hectares (11.97 acres) of the site is now zoned as \u201cZ15 \u2013 Community and Social Infrastructure”, with the remaining 0.53 hectares (1.3 acres) zoned as \u201cZ6 \u2013 Employment\/Enterprise\u201d in the Dublin City Council 2022-2028 development plan. The objective of the Z15 zoning is \u201cto protect and provide for community uses and social infrastructure\u201d, while the aim of the Z6 objective is \u201cto provide for the creation and protection of enterprise and facilitate opportunities for employment creation\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"The Health Service Executive (HSE) is understood to be closing in on the purchase for about \u20ac40 million…\n","protected":false},"author":2,"featured_media":367537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[44210,79,228958,784,41185,18,60,19,17,122700],"class_list":["post-586543","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-ballsbridge","tag-business","tag-development-land","tag-dublin-city-council","tag-dublin-4","tag-eire","tag-hse","tag-ie","tag-ireland","tag-st-vincent-s-university-hospital"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116922848814778188","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/586543","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=586543"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/586543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/367537"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=586543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=586543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=586543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}