Irish Construction News and Insights: Weekly Roundup
Onset of the last quarter, with a lot of expectations from the industry to recover. With more and more plans getting approved, what is your prediction of the year-end?
If you missed out on this week’s headlines, we have got the perfect catch-up doze for you.
“Quintain’s €500m investment in Adamstown gets underway”
Irish housebuilder Quintain has turned the sod on its €500 million urban hub investment in Adamstown, west Dublin, commencing construction on a 279-unit apartment development aimed at the build-to-rent market. UK grocer Tesco has also signed up as an anchor tenant at the development.
Called The Crossings, Quintain’s first phase of development at the new urban centre in Adamstown will include 279 apartments and more than 91,000sq ft/8,500sq m of space to house two major supermarkets, 20 retail units and five restaurant outlets, along with a multi-storey car park.
Read the full article by Irish Times here at: https://www.irishtimes.com/business/commercial-property/quintain-s-500m-investment-in-adamstown-gets-under-way-1.4690792?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Fcommercial-property%2Fquintain-s-500m-investment-in-adamstown-gets-under-way-1.4690792
“Work starts on €30m projects to rebuild landmark Cork city hotel”
Work has started on the near €30m redevelopment of the former Moore’s Hotel site in Cork — a riverside site which was declared derelict three years ago after lying vacant for almost 15 years.
Senior city officials visited the site on Morrison’s Quay yesterday where main contractors, the Elliot Group, are poised to start structural demolition before embarking on the construction of a new four-to-six storey mixed-use development that will include a Premier Inn hotel and three office blocks.
Read the full article by Irish Examiner here at: https://www.irishexaminer.com/news/munster/arid-40711475.html
“Central Bank says the rebound in construction will see 31,000 homes built-in 2023”
A faster-than-expected recovery in construction is expected to see up to 27,000 new homes built next year and 31,000 built in 2023, the Central Bank has said.
This is close to the Government’s target level of building 33,000 houses per annum, as set out in its recent Housing for All strategy, and a level of home-building not seen since the Celtic Tiger era.
Read the full article by Irish Times here at: https://www.irishtimes.com/business/economy/central-bank-says-rebound-in-construction-will-see-31-000-homes-built-in-2023-1.4692072?mode=sample&auth-failed=1&pw-origin=https%3A%2F%2Fwww.irishtimes.com%2Fbusiness%2Feconomy%2Fcentral-bank-says-rebound-in-construction-will-see-31-000-homes-built-in-2023-1.4692072
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