Dublin City Council has acquired Camden Yard, a major mixed-use development site, out of receivership.
Camden Yard, Dublin
The development comprises approximately 407,000 sq ft of office space and 299 residential units in Dublin city centre.
Camden Yard broke ground in 2022 as a flagship urban regeneration project. However, by the end of 2024, the project had encountered significant difficulties, with senior lender BentallGreenOak appointing Grant Thornton as receivers to recover the €475m (£413m) development.
“In just 15 months, we stabilised the project, managing the controlled exit of the main contractor and securing arrangements to preserve the value of construction materials located in Europe,” said John Boland, joint receiver and director at Grant Thornton.
With the site stabilised, CBRE Ireland was drafted in to launch a sales process. The asset was placed on the market in May 2025 with a guide price of just over €90m (£78m). The final sale price was not disclosed.
Boland added: “The sale represents a positive outcome for stakeholders, and we look forward to seeing this strategically important site progress to delivery under the stewardship of Dublin City Council.”
CBRE Ireland said the asset represents a significant urban regeneration opportunity that could play a role in addressing growing demand for prime office space and shortages of residential accommodation in the city.
Peter Garrigan, head of development land and consultancy at CBRE Ireland, said: “We are extremely proud to have advised Grant Thornton on the sale of Camden Yard, one of the most significant mixed‑use development opportunities to come to the market in recent years.
“This transaction demonstrates the strength of CBRE’s integrated platform and our ability to bring together expertise across multiple disciplines to deliver a standout result for our client.”
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