Planning Permission Isn’t Enough

Getting planning permission is worthless if the math doesn't add up. This prime site

in Dublin sat empty for five years even though it was fully approved for a hotel. The problem was

the scheme was too small to make money and too expensive to build next to a railway line.

Plus, when the pandemic hit, funding for hotels vanished.

So, they pivoted. They just got the green light for student housing

instead. It fits way more beds and banks actually want to fund it. But here is the

kicker. The owner still isn't building it. They immediately put the site up

for sale. They fixed the value on paper and are letting someone else take the risk