December 21, 2023

Grant of planning permission comes four years after Davy Stockbrokers fund bought hub for €175m on behalf of clients.

Dublin City Council has granted planning permission for the €100 million redevelopment of Stephen’s Green Shopping Centre.

The council has gave permission to DTDL Ltd, controlled by a fund operated by stockbroker and wealth manager Davy, after the applicants reduced the scale and massing of the scheme.

Davy has secured the green light for the redevelopment after paying a reported €175 million for the centre on behalf of its clients in 2019.

In recommending a grant of permission, the 51-page council planner’s report concluded that “the proposed reductions to the scale and massing of the building significantly reduces the visual impact on this sensitive environment”

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