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Construction sector

Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

    Kingspan Full Year Report Shows Revenue up 12 Percent in 2016

Full year results for Cavan-based building materials producer, Kingspan, released on Friday, showed revenue up 12% to €3.1 billion in 2016.  Trading profit was up 33% to €340.9 million, while acquisitions contributed 11% to sales growth and 7% to trading profit growth in the year.
“2016 was another record year for Kingspan,” Kingspan Chief Executive Gene Murtagh […]

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January Sees “Near-Record” Rise in Construction Employment

    January Sees “Near-Record” Rise in Construction Employment

Activity in the Irish construction sector rose sharply in January on the back of higher new orders, according to the Ulster Bank Construction PMI Report, released on Monday. The survey highlighted a near-record rise in employment as companies responded to greater workloads.
The rate of input cost inflation quickened to the sharpest since February 2007 according […]

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€20 Million Office Development Launched in Cork City

    €20 Million Office Development Launched in Cork City

A €20 million office development at Camden Place will provide 150 construction jobs with up to 500 jobs coming on-stream in Cork city centre on completion, the Cork Chamber of Commerce announced on Thursday. Demolition will commence in February, with work on the 65,000 square foot of lettable floor space expected to take 12 months.
Award-winning […]

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Construction Production up 0.4 Percent in the EU

    Construction Production up 0.4 Percent in the EU

Seasonally-adjusted production in the construction sector increased by 0.4% in both the euro area and the 28 EU member states in November compared with October, Eurostat, the statistical office of the European Union, announced on Wednesday. In October 2016, production in construction grew by 0.4% in the euro area and by 0.3% in the EU. Compared […]

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Construction Activity Continues to Rise for 40th Month in a Row

    Construction Activity Continues to Rise for 40th Month in a Row

The Ulster bank Purchasing Managers’ Index (PMI) for December, released on Monday, showed that activity in the construction sector constinued to rise until the end of 2016. The report gave December a 58.9 in December, down from 59.8 in November. For the PMI index, any reading above 50 represent a growth over the previous month.
Rates […]

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Government Plans to Double Annual Residential Construction to 25,000 Homes by 2021

    Government Plans to Double Annual Residential Construction to 25,000 Homes by 2021

The Department of Housing, Planning, Community and Local Government on Friday released their statement of strategy, in which they outlined plans to double the annual level of residential construction to 25,000 homes and deliver 47,000 units of social housing in the period to 2021. The document identified problems of “persistent under-supply” in the residential housing market, especially […]

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1.8 Acre Residential Development Opportunity in Dundrum

CBRE on Monday offered a residential development opportunity at Annefield House, Taney Road, Dundrum, Dublin 14 to the open market by way of Private Treaty. The site, extending to approximately 0.72 hectares (1.8 acres), located in Dundrum provides an opportunity to develop an intimate housing scheme in close proximity to local facilities and amenities.
The lands, […]

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report for the final quarter of 2016.
“Clearly low stock levels will be the main driver of what’s happening in the market and will be for the foreseeable future,” MyHome.ie Managing Director Angela Keegan said. “Our report […]

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month, according to the latest figures from the Banking & Payments Federation Ireland (BPFI)  Mortgage Approvals Report for the three months ending November 2016, released on Thursday.
The report also found that a total of 3,377 mortgages were approved per month, on average, […]

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Construction Industry to Experience Most Positive Outlook in a Decade

    Construction Industry to Experience Most Positive Outlook in a Decade

The economy is growing at a solid pace, and the quantity and quality of buildings and infrastructure delivered by the construction industry will play an important role in that economic recovery according to a recent CIF Report on Construction Skills and Prospects to 2020. The report says that there is a significant challenge the industry […]

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Planning Permissions Granted for Apartments Increase by 304.5%

    Planning Permissions Granted for Apartments Increase by 304.5%

The number of apartment dwelling units granted planning permission in the third quarter of 2016 rose to 1,452, up from 359 in 2015, an incrase of 304.5%, the CSO revealed on Monday.
4,362 houses were also granted planning permission in the third quarter of 2016, up from 2,345 in 2015, and increase of 86%. Overall, the […]

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House Price Inflation to Accelerate by Year-end – Davy Research

    House Price Inflation to Accelerate by Year-end – Davy Research

House price inflation is expected to accellerate by year-end, according to research published by Davy Research on Monday. The analysis by David McNamara cited CSO house price data for October which showed another strong gain on the month with prices up 0.8%.
On the year, inflation is now running at 7.1% nationally and 6.1% in Dublin. […]

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Construction Industry Set to Grow by 9% Annually up to 2020

    Construction Industry Set to Grow by 9% Annually up to 2020

The Construction Industry Federation (CIF) launched a career website on Monday in the wake of a report that construction activity can sustain an additional 112,000 jobs up to 2020 with an estimated €17.8billion worth of projects in the pipeline in 2017.
The DKM economic consultants report, Demand for Skills in Construction to 2020, indicated that the […]

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Ulster Bank Construction PMI Shows Sharp Rise in Employment

    Ulster Bank Construction PMI Shows Sharp Rise in Employment

Irish construction firms continued to record strong activity growth during November, supported by a further sharp increase in new orders, according to the Ulster Bank Construction PMI released on Monday.
Rising workloads encouraged companies to up their rate of job creation and increase purchasing activity. Meanwhile, there were further signs of intensifying price pressures. The Ulster […]

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€10 Million Expansion to Warmth & Wellbeing Scheme

    €10 Million Expansion to Warmth & Wellbeing Scheme

The Warmth & Wellbeing pilot scheme, which provides energy free efficiency upgrades to homes in some areas of Dublin, will be expanded next year, Minister for Communications, Climate Action and Environment Denis Naughten announced on Thursday. The scheme, which covers people over 55 in Dublin 12 and 24 who have respiratory conditions and are in […]

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Dublin Ranked Fourth Most Attractive City for Property Investment

Photo credit: Hans-Peter Bock hpbock@avaapgh.de
Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and the Urban Land Institute (ULI) released on Thursday. Dublin saw €4 billion of real estate activity in the 12 months before September 2016, putting it behind Berlin, Hamburg and Frankfurt, and […]

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Sligo East City Regeneration Project Launched in Cranmore

    Sligo East City Regeneration Project Launched in Cranmore

The Sligo East City, Cranmore and Environs Regeneration Project was launched at a showcase community event in Cranmore, Sligo on Thursday, December 1.
The Department of Housing, Planning, Community and Local Government has supported a regeneration programme in Sligo for the last number of years and has invested over €23 million so far in providing renewed […]

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Wood Awards Ireland Held in Farmleigh House

    Wood Awards Ireland Held in Farmleigh House

The Wood Awards Ireland were presented in Farmleigh House on Thursday, November 17, with Bucholz McEvoy Architects named as the overall winner for their work on the Samuel Beckett Civic Campus on Ballyogan Road, Dublin. The competition, presided over by Minister of State Andrew Doyle, celebrates the use of wood by Irish designers, architects, engineers […]

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€30 Million Retail Centre Planned for Bray

    €30 Million Retail Centre Planned for Bray

A development partner is being sought to develop a 2.4 acre site, previously known as the ‘Florentine Centre’, in Bray, Savills announced on  Wednesday, 16 November 2016. Wicklow County Council appointed Savills to seek a development partner for the 250,000 square foot scheme at the site recently purchased by the council. The site has been […]

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the next five years, according to Savills’ 2016 Skyline Survey. The developments, intended to provide working space for more than 100,000 employees, are largely centered in Dublin’s central business district, with the majority of the developments […]

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Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

    Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

The Daft.ie Rental Report for the third quarter of 2016, released on Tuesday, November 8, called the lack of residential construction in Ireland during the last five years a “systemic failure in desperate need of policy solutions.”
The report, written by Trinity College Dublin economist Ronan Lyons, said that the double-digit inflation in rents were caused […]

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Upgrade to Dublin Airport Runway to Create 150 Jobs

    Upgrade to Dublin Airport Runway to Create 150 Jobs

An 18-month upgrade of Dublin Airport’s main runway is expected to create 150 jobs.
Construction on the runway is expected to start on the night of Monday, November 14, and to continue for 18 months. As the work requires the runway to completely close, construction is planned to take place between 11 pm and 5 am […]

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Irish Water Begins Construction on 9.7 Million Euro Wastewater Network

    Irish Water Begins Construction on 9.7 Million Euro Wastewater Network

Irish water officially began construction on a €9.7 million wastewater pipe network for Rush, Co. Dublin on Friday, November 11.
The network, which is expected to be take two years to complete, is designed to stop the discharge of raw sewage into the sea, improving the bathing water at South Rush Beach.
The network will direct existing […]

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UK construction activity increases at fastest rate since March

    UK construction activity increases at fastest rate since March

UK construction companies recorded a sustained expansion of overall business activity in October, led by another solid increase in residential work. New order volumes also picked up across the construction sector, but the rate of growth eased since September and remained weaker than seen prior to this summer. This contributed to a drop in business […]

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Construction industry can potentially generate 112,000 jobs by 2020

    Construction industry can potentially generate 112,000 jobs by 2020

DKM report shows that industry can grow on average by 9% per year up to 2020 but warns of potential skills shortages
A report, commissioned by the Construction Industry Federation and carried out by DKM consultants in conjunction with SOLAS, states that construction activity could potentially generate a requirement for 112,000 jobs up to 2020.
Director General […]

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Northern Ireland on the up but London’s growth stalls as construction industry waits for Government’s next steps

    Northern Ireland on the up but London’s growth stalls as construction industry waits for Government’s next steps

Construction sectors in the UK are slowing down amid uncertainty surrounding the decision to leave the EU, according to the latest Royal Institute of Chartered Surveyors (RICS) quarterly survey.
The survey recorded the lowest reading since Q2 2013, despite 19% more chartered surveyors reporting that construction workloads in the UK had risen, rather than fallen this […]

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Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

    Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

Delays as long as 18 months for housing developments to go through the planning system could be adding as much as €4,000 to the price of a new home, Department of Housing officials told an Oireachtas Committee.
Taking an average of one year for large scale housing developments to go through the planning system, this could […]

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CIF calls Budget housing measures “welcome” but warns on lack of infrastructure investment

    CIF calls Budget housing measures “welcome” but warns on lack of infrastructure investment

The Construction Industry Federation (CIF) has responded to Budget 2017, indicating that while it “welcomed” housing measures such as the new tax relief for first time buyers, a lack of increased infrastructure investment remains a significant issue.
In order to fully realise the benefits of this new tax break, increased investment is absolutely necessary to transform […]

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End of Q3 sees another monthly expansion in Irish construction

    End of Q3 sees another monthly expansion in Irish construction

The Ulster Bank Construction Purchasing Managers Index (PMI) rose to 58.7 last month, as Irish construction continues to expand.
The monthly measure of activity in the sector rose from 58.4 in August. After the collapse in construction with the economic crash, the index has shown sustained growth over the past three years. New orders, for example, […]

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British construction industry makes unexpected post-Brexit return to growth

    British construction industry makes unexpected post-Brexit return to growth

The construction sector in the UK had fallen for three straight months in the aftermath of Brexit, but made an unexpected return to growth in the Markit/CIPS UK Construction Purchasing Managers’ Index (PMI) for September.
Forecasts had placed the index below the 50 mark, which divides growth from contraction, but the actual figure managed to reach […]

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Ballymore launches new “Dublin Landings” docklands development

    Ballymore launches new “Dublin Landings” docklands development

Private property group Ballymore has officially launched its new docklands development, Dublin Landings, at an event at the CHQ Building IFSC on Custom House Quay this morning.
Dublin Landings is set to be a 1 million square foot mixed-use development on North Wall Quay. Five new buildings are set to be delivered by 2020, with 700,000 […]

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Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

    Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

Delegates at the Construction Industry Federation’s (CIF) annual conference at Croke Park have heard how the construction industry will play a vital role in “Rebuilding Ireland”, with the possibility of up to 75,000 jobs to be created by 2020.
Addressing attendees, CIF President Michael Stone discussed the Government’s Action Plan for Jobs, the Public Capital Programme, […]

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New procurement process announced for DIT’s Grangegorman campus

    New procurement process announced for DIT’s Grangegorman campus

An overhaul to the procurement process for the construction of on campus student accommodation for the Dublin Institute of Technology (DIT) has been announced by the Grangegorman Development Agency.
Despite the 12 week delay that this new procurement process will have on the construction timeline, all stakeholders have agreed that this was the best outcome to […]

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Construction projects’ value rises over €1 billion in first half of 2016

    Construction projects’ value rises over €1 billion in first half of 2016

New figures provided by the Building Information Index suggest that the value of construction projects in Ireland has risen significantly when compared with the previous year.
In the first half of 2016, the value of construction project commencements increased by €1.12 billion, or 44%, to €3.69 billion.
Five of the seven sectors examined registered growth, with the […]

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Supply issues hurting housing market as prices set to rise, according to reports

    Supply issues hurting housing market as prices set to rise, according to reports

Two new reports on the Irish housing market, commissioned by myhome.ie and daft.ie respectively, have warned of the shortfall in the supply of new homes across the country.
The lack of necessary housing units being provided will house prices to rise more than 5% by year end. According to the daft.ie report, this increase is twice […]

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Central Bank lending limits will mean less houses built, claims ESRI

    Central Bank lending limits will mean less houses built, claims ESRI

The Economic and Social Research Institute (ESRI) has issued a warning for house construction in their latest Quarterly Economic Commentary (Autumn 2016), amid predictions for continued economic and jobs growth.
While there are positive signs throughout the wider economy, the authors of the report single out housing construction as worthy of concern going forward. They note […]

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New homes supply significantly lower than official figures suggest, claims expert

    New homes supply significantly lower than official figures suggest, claims expert

A leading housing academic has claimed that the supply of new homes in Ireland may up to 75% less than the official figures suggest.
Addressing a meeting of the Dublin Economics Workshop in Wexford, Dr Lorcan Sirr from DIT indicated that while 12,666 new homes were built last year, official CSO figures on the State’s housing […]

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Construction sentiment remains strong as business feels Brexit heat

    Construction sentiment remains strong as business feels Brexit heat

The Bank of Ireland Economic Pulse index has pinpointed a fall in confidence across the business sector post-Brexit, with construction being the notable exception.
The measure surveys both business and consumer sentiment and, while household confidence rose in September, the Business Pulse was far less upbeat. Bank of Ireland noted that many firms in the industry, […]

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Construction consultancy Bruce Shaw rebrands as Linesight

    Construction consultancy Bruce Shaw rebrands as Linesight

International construction consultancy firm, Bruce Shaw, has announced that it is has rebranded as part of its new global strategic plans going forward. Linesight will be the new name for the company, which has operated for over 40 years in the sector.
The company, which was responsible for a sizeable chunk of the Irish financial services […]

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IFSC’s first new office building in over a decade set for completion in late-2017

    IFSC’s first new office building in over a decade set for completion in late-2017

The Irish Financial Services Centre is set to get its first major facelift in well over a decade, as Cosgrave Property Group and IPUT plc have launched a new premium Grade A office building in the heart of Dublin’s central business district.
‘The Exchange’ will provide 105,000 sq ft of office space over six floors upon […]

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Construction industry continues to show growth

The Irish construction sector continued to register growth of activity during August amid a further sharp rise in new business. In turn, this contributed to increases in purchasing activity and employment. Meanwhile, the rate of input cost inflation quickened to the fastest for a year.
The Ulster Bank Construction Purchasing Managers’ Index® (PMI®) – a seasonally […]

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€6m redevelopment at Galway Racecourse

A €6 million redevelopment of the enclosure at Galway Racecourse, featuring a new indoor betting hall and additional bar/food facilities, has been confirmed.The Board of Horse Racing Ireland yesterday approved funding for Galway Racecourse of €2.1 million for the project.
The development represents an overall investment of €6 million by the racecourse, including all ancillary services […]

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Growth of construction activity in July

Growth of construction activity picked up to four-month high in July according to the Ulster Bank Construction PMI survey.
Simon Barry, Chief Economist Republic of Ireland at Ulster Bank, noted that: “The latest results of the Ulster Bank Construction PMI survey show another sharp increase in Irish construction, with the pace of expansion accelerating to a four-month high […]

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Construction Workers Skills Register Debuts for Better Building Standards

A Construction Workers Skills Register (CWSR) was introduced to grant construction and craft workers to register their skills and display their ongoing undetaking to the ongoing learning in their careers.

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Rebuilding Ireland: First-time Buyers Scheme

The Government’s Action Plan on Housing and Homelessness, ‘Rebuilding Ireland’ was launched today by Taoiseach Enda Kenny, Housing Minister Simon Coveney, Public Expenditure Minister Paschal Donohoe and Minister of State Damien English.

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Government’s Plan of €5.5bn Available for Social Housing

The Government has formally released its housing and homelessness project labeled ‘Rebuilding Ireland’.

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Construction Contract Act to Modify Irish Construction Industry

Senator Paudie Coffey spoke with the workers of leading construction businesses from Waterford earlier in the week.

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CIF urges students to consider a career in construction

Construction Industry Federation advises school leavers to consider a career in construction.
“The construction industry is recovering strongly and is worth more than €14 billion to the Irish economy. So there are plenty of high quality careers in the sector, stated Tom Parlon, Director General of the CIF.  In fact, applications for construction related courses have been […]

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Permitted Development of Two Major Parks at Cherrywood

The Dún Laoghaire-Rathdown County Council have come to the decision to permit the development of two major parks at Cherrywood, which marks the first important phase of development for a new Town Centre and 3,800 new homes at Cherrywood in South Dublin.

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Construction sector grows in June

Confidence on the growth prospects for the Construction sector was close to a record high last month, according to the latest Ulster Bank Purchasing Managers index.
The main index rose from 55.9 to 59.7 during the second quarter- any figure above 50 indicates growth.
This leaves the index – a monthly measure of activity and sentiment – significantly above the 50 no-change benchmark. […]

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CIF Featured Project – Grow it yourself by Tom O’Brien Construction Ltd.

Tom O’Brien Construction Ltd, members of the South East Branch of the Construction Industry Federation, are currently involved in an interesting project in Waterford. Located directly opposite University Hospital Waterford on a high profile site in the heart of Waterford City, will be the new GIY “Grow it yourself” HQ. GIY is an emerging global […]

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CIF encourages a future in construction

With the deadline for the CAO Change of Mind application closing on 1st July, the Construction Industry Federation (CIF) advises school leavers to consider a career in construction.
“The construction industry is recovering strongly and is worth more than €14 billion to the Irish economy. So there are plenty of high quality careers in the sector, […]

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SMARTPLY’s latest board a triumph of customer-led innovation

SMARTPLY, the smart, cost-effective, sustainable OSB, has moved to an even higher plane in terms of quality, design and innovation. Following feedback from customers, SMARTPLY OSB is now available in its flattest, smoothest most accurate form yet.
Responding to market demand for a high quality board which can be used for an even greater variety of […]

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CIF welcomes extra capital expenditure

The Construction Industry Federation welcomes extra capital expenditure outlined in the Government’s Summer Economic Statement.
Director General, Tom Parlon stated: “Increased infrastructure investment is vital to sustain economic growth in the medium term.  The Government’s commitment to increase capital expenditure in their Summer Economic Statement is a welcome step in the right direction.
“The CIF believes the PCP […]

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Ireland’s National BIM Council was launched

Ireland’s National Building Information Modelling (BIM) Council – a national body to support the advancement of digital in the construction sector – has been officially launched. The council was formed as a recommendation of the Enterprise Ireland 2014 National BIM Forum and is a key measure in fulfilling the Government’s national ‘Construction 2020’ strategy.
The inaugural […]

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PwC Survey Shows Potential Setback in the Construction Industry

A new survey by the PwC shows that many leaders in the construction industry believe that their business would suffer if Britain left the European Union.
The survey found that many of these leaders showed interest in planning legislation that required the Central Bank to alter their mortgage lending rules to be more affordable as one […]

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Ireland’s First Sustainable Homes Label

The Irish Green Building Council has launched Ireland’s first sustainable homes label to encourage the construction of quality residential housing developments.
This is a voluntary label called Home Performance Index (HPI), which is a system that takes into account a wider range of issues that affect the sustainability and quality of residential constructions than the Building […]

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Construction Business Owners Need to be More Vigilant than Ever as Industry Continues to Grow

“Netwatch has seen a significant rise in recent months of attempted thefts and intrusions on construction sites, which are particularly vulnerable due to their openness. With Netwatch, these thefts are prevented, but for many unprotected sites it can have a hugely detrimental effect on their overall business and profitability. Construction site owners and Contractors suffer […]

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