Savills has announced prime development lands on RTE's campus in Donnybrook, Dublin 4 are for sale - the State broadcaster is also expected to cut up to 300 jobs during the next two years.
The Irish Independent reports that Director General, Dee Forbes will address staff today and confirm plans to seek between 200 and 300 voluntary redundancies as the State broadcaster restructures its operations to focus on its new content strategy which will refine its online and mobile output.
These redundancies will be offset by the hiring of 80 new employees to work on its new digital-focused strategy according to the newspaper.
A significant chunk of RTE's Dublin 4 campus has also been listed by Savills with a guide price of €75m.
The 8.64 acre site, which is adjacent to RTÉ’s broadcasting headquarters at Montrose, includes the area occupied by the outdoor Fair City set.
The property firm says that the space could be used to build up to 500 units comprising of a mix of apartments and houses.
Artist impression of what a development on the site could look like
Mark Reynolds, Director, Savills Ireland, commented: “This area of Dublin is synonymous with exclusive high quality apartments and period houses, but supply has been limited due to the lack of appropriate development sites.
"Therefore, we see Project Montrose as a once in a generation opportunity to be part of a truly transformative development story in one of Dublin’s most affluent and fashionable areas. For anyone serious about urban development not only in Ireland but in Europe, it doesn’t get better than this."
