The way has been cleared for Treasury Holdings and property developers David Arnold and Derek Quinlan to build a major apartment, hotel, retail and warehouse development in Sandyford, Co Dublin.

The developer, Mark 11 Partnership, has been given the go-ahead by An Bord Pleanála to build over 130 apartments, a 55-bed aparthotel, five retail warehouses, a health club and seven neighbourhood shops on the site of the former Allegro building on Carmanhall Road and Blackthorn Drive in the Sandyford Industrial Estate.

The development is located close to the Stillorgan Luas stop and was given permission by Dún Laoghaire Rathdown County Council last year. This, however, was appealed by residents to An Bord Pleanála. They criticised the scale and height of the proposed development and raised concerns about overshadowing issues, particularly in regard to an 11-storey element of the development.

In granting permission, the planning board ruled that the proposed plan would not seriously injure amenities in the area and would be acceptable in terms of traffic safety.

Attaching 21 conditions to the permission, the board stated that the fourth floor of the blocks, containing 12 apartments, should be omitted.

The developer must also pay €5.3 million to the council in respect of public infrastructure and must pay €1.1 million in respect of the extension of the Luas from Sandyford to Cherrywood.

David Arnold is also seeking permission to build 260 apartments in the Sandyford Business Park on the site of Avid Technologies.