Revealed: the €2 billion development plan for Cherrywood

The two winning bidders for the biggest piece of development land to come to market since the economic crash plan to spend close to €2 billion developing it ,with house-building a priority, it is understood.

Hines, a family-run €23 billion developer, and King Street Capital, one of the world’s biggest hedge funds, are acquiring the 400-acre Cherrywood development site for more than €270 million from Nama, Danske and Lloyds.

Sources familiar with the ...