Construction BUSINESS

Construction sector

CIF calls for increase in infrastructure spend

    CIF calls for increase in infrastructure spend

The CIF has called on the Government to increase infrastructure spending to 4-5% of GDP if the country is to avoid a serious “infrastructure crisis”. The CIF told the Oireachtas Committee on Budgetary Oversight that the Government should request greater freedom on infrastructure spending from the European Union, saying the lack of investment in infrastructure […]

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DIT creates new programme for apprenticeships

    DIT creates new programme for apprenticeships

A pilot programme in Dublin Institute of Technology (DIT), supported by J.P. Morgan and ESB, aims to prepare young people from Dublin’s inner city communities to access apprenticeship positions. The programme will build on the specific expertise and track record of DIT in the delivery of skills education and in supporting young people into third […]

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All systems go for phase II of Dublin’s New Mill student accommodation

    All systems go for phase II of Dublin’s New Mill student accommodation

A joint venture between Harrison Street Real Estate Capital and Global Student Accommodation Group, has announced plans to develop phase II of its New Mill student housing project in Dublin.
The announcement comes shortly after the JV announced in late 2016 its Brunswick Street project, which will serve as a gateway access point to the DIT-Grangegorman […]

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€90m Cork Docklands plan gets go ahead

    €90m Cork Docklands plan gets go ahead

A €90 million office block aimed at resolving a chronic shortage of commercial space in the city centre has been given the green light. The Navigation Square complex comprises four separate blocks on a 2.25 acre site in the heart of Cork city centre and provide accommodation for up to 3,000 employees and more than […]

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Minister Coveney to put CIRI on statutory footing within weeks

    Minister Coveney to put CIRI on statutory footing within weeks

Minister Simon Coveney has reaffirmed his commitment to see the Construction Industry Register Ireland (CIRI) put on a statutory footing in the coming months. Speaking at the recently-held CIF Cork Construction Annual Dinner, the Minister for Housing, Planning Community and Local Government, said that he expected legislation to introduce a mandatory register to be placed […]

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Wolseley rebrands as Ferguson

    Wolseley rebrands as Ferguson

Wolseley, the world’s leading specialist distributor of plumbing and heating products, has announced revenue of €9.91 billion (£8.46 billion) for its H1 2017 period. The increase was up 24.5% on 2016. Trading profit increased 25% year on year to £515 million. Net debt at end-January was £1.3 billion, while an interim dividend per share of […]

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€125m City Quay Development secures funding

    €125m City Quay Development secures funding

City Development Fund, a sub-fund of Targeted Investment Opportunities ICAV (TIO) has just confirmed that Irish Life will pre-fund the €125 million development of 13-18 City Quay in Dublin’s docklands.
On completion, full ownership of the development will be transferred to Irish Life. This acquisition follows Irish Life’s recent purchase of Velasco on Grand Canal Street, […]

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Five storey office building planned for Cork city

    Five storey office building planned for Cork city

Over 450 jobs will be created with the construction a new office block in Cork city’s South Mall. The state-of-the-art, five floor offices are scheduled for completion in summer 2018 with work set to begin immediately, subject to planning permission. Cork-based property development company JCD Group has lodged a planning application for a €25 million […]

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GCCC invites responses to BIM position paper

    GCCC invites responses to BIM position paper

A consultation process on the adoption of BIM (Building Information Modelling) on Irish public works projects has begun. The Government Contracts Committee for Construction (GCCC) has prepared a position paper for the purposes of inviting responses from the Irish construction industry. The position paper, ‘A Public Sector BIM Adoption Strategy’, outlines the context and justification […]

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Role of construction to become more important to domestic economy

    Role of construction to become more important to domestic economy

A recent report by the ESRI has found that increased activity in the construction sector is impacting both investment and consumption. Higher levels of residential and commercial supply are increasing investment while higher actual and implicit rents are some of the main determinants of consumption.
The growth outlook for the Irish economy remains optimistic for 2016 […]

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New homes construction reaches seven-year high

    New homes construction reaches seven-year high

Construction of new homes reached a seven-year high in January, as developers look to capitalise on Help to Buy by increasing their output.
Latest figures from the Department of Housing have revealed that approximately 1,244 units were completed across the country in January, up by 35% year on year. These figures are based on electricity connections […]

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Clerys redevelopment to provide ‘new focus and heartbeat’ to O’Connell Street

    Clerys redevelopment to provide ‘new focus and heartbeat’ to O’Connell Street

The redevelopment of Clerys department store on Dublin’s O’Connell Street will provide a “new focus and heartbeat” to the city centre, a planning hearing has heard.
Architect Rory Murphy from Henry J Lyons said development of the existing building would “reactivate” Earl Place and other under-used streets just off the capital’s main thoroughfare. The proposed development […]

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WElink Group to build €230m solar farm in Portugal

    WElink Group to build €230m solar farm in Portugal

Dublin-headquartered modular home builder and solar energy developer WElink Energy is to build Europe’s largest privately funded solar farm in Portugal following the signing of the EPC contract with China Triumph International Engineering Co Ltd (CTIEC). The £200 million Solara4 solar project will have a 220MW peak capacity and will generate enough clean electricity to […]

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BAM Ireland secures Bolands Quay contract

    BAM Ireland secures Bolands Quay contract

The Bolands Quay Development Group – a collaboration between property consultants Mark Reynolds & Glenn Cran of Savills Ireland and Cleary McCabe – has announced that BAM Ireland has been selected as the preferred bidder for the construction of the Bolands Quay Development (formerly Boland’s Mill) in Dublin’s south docklands.
Following an extensive tendering process, the […]

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Beacon South Quarter residents vote to repair defects at cost of €10m

    Beacon South Quarter residents vote to repair defects at cost of €10m

Apartment owners at the Beacon South Quarter development in Sandyford, Dublin have decided to pay more than €10 million to fix fire safety and other structural defects at the complex. Earlier this week, Dublin Fire Brigade warned owners that they could potentially face legal action if they do not undertake fire safety works at their […]

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Roadbridge works on new Center Parcs Longford Forest Holiday Village to start in May

    Roadbridge works on new Center Parcs Longford Forest Holiday Village to start in May

Center Parcs has announced that it has awarded the first major contract for its Ballymahon holiday village to Limerick-based Roadbridge Civil Engineering & Building Contractors. This comes after a competitive tendering process for the project, named ‘Center Parcs Longford Forest Holiday Village’.
The contract is for infrastructural work, as part of the €233m development at Newcastle […]

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Climate change plan says EU targets will be missed

    Climate change plan says EU targets will be missed

Five years after it was due, the Government this week published a National Mitigation Plan on climate change, outlining how the Government will meet stringent EU greenhouse emissions targets for 2020 and 2030 and achieve a low carbon economy by 2030. The plan is a requirement of new climate change laws enacted two years ago.
Four […]

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Belfast’s Crumlin Road Courthouse to be transformed into hotel

    Belfast’s Crumlin Road Courthouse to be transformed into hotel

The location for paramilitary trials during the Troubles, the Crumlin Road Courthouse in Belfast is to be transformed into a luxury hotel. Liverpool-based hotelier and developer Lawrence Kenwright said he has acquired the derelict courthouse and intends to spend £25 million (€28.5 million) restoring the listed building.
Details of the plans were announced at the Belfast […]

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Profits rise at engineering firm Ward & Burke

    Profits rise at engineering firm Ward & Burke

Galway-based specialist engineering company Ward & Burke posted a pre-tax profit of €13.8 million last year, up 11%, thanks to business in Canada. Revenues at the firm rose 6% to €156.9 million. The company, which employs almost 400 people, saw its turnover generated in Ireland fall 42%, or €17 million, last year.
However, it said it’s […]

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Builders in UK plan for shortage of skilled labour post-Brexit

    Builders in UK plan for shortage of skilled labour post-Brexit

According to a report by Reuters, many of the UK’s leading housebuilders are planning or considering new developments of prefabricated homes in response to the prospect of Brexit cutting off supply of EU workers into Britain. The UK construction sector relies heavily on European carpenters, joiners and bricklayers. Approximately 12% of its 2.1 million construction […]

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No planning required to change commercial buildings to housing

    No planning required to change commercial buildings to housing

Under new regulations being drafted by the Department of Housing, owners of empty commercial buildings will be able to convert their properties into apartments without seeking planning permission. Vacant residential buildings can already be brought back into use without seeking planning permission as long as no major alterations to the building’s structure are required. However, the […]

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Housing and commercial activity grow – PMI

    Housing and commercial activity grow – PMI

Activity in the construction sector rose sharply last month, according to the latest Purchasing Managers Index from Ulster Bank. Ulster Bank’s Construction PMI for February stood at 57.9, up from 55.7 in January and well above the 50 mark that separates growth from contraction. Housing activity saw the strongest pace of growth in February, with […]

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Five-year planning extension for Dublin Airport runway

    Five-year planning extension for Dublin Airport runway

DAA has been given five more years to build its planned €320 million north runway at Dublin Airport. A 10-year planning permission for the runway project was granted in August 2007, but construction did not get under way due to the economic downturn and subsequent fall in passenger numbers.
Preliminary works began late last year and […]

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Planning application for €300m maternity hospital lodged

    Planning application for €300m maternity hospital lodged

A planning application for the move of the National Maternity Hospital from Holles Street to St Vincent’s Hospital was recently lodged. The project is the largest investment to be made in maternity services in the State, catering for up to 10,000 births a year. The move follows an 18-month dispute between the two institutions over […]

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Construction and building output up 0.9% in fourth quarter of 2016

    Construction and building output up 0.9% in fourth quarter of 2016

New figures from the Central Statistics Office show that the volume of output in building and construction increased by 0.9% in the fourth quarter of 2016 when compared with the previous three months.
The CSO reported an increase of 4.2% in the volume of residential building work during the fourth quarter of 2016.  But the volume […]

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Grafton builds up 13% increase in revenues for 2016

    Grafton builds up 13% increase in revenues for 2016

Builders’ merchant and DIY group Grafton recently announced a 13% increase in revenue for 2016 to just over £2.5 billion – a new high for the company. The company said its adjusted group operating profit for the year to the end of December rose by 12% to £142 million. Pre-tax profits for 2016 were up […]

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European Investment Bank Backs €405 Million Investment in Social Housing

    European Investment Bank Backs €405 Million Investment in Social Housing

The European Investment Bank confirmed on Thursday support for record new investment in social housing totalling €405 million that will construct and improve thousands of properties across Ireland. It is expected that 1,400 new homes will be built and more than 700 properties upgraded in Dublin and across the country under the new initiative jointly […]

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More Than €8 Billion Worth of Construction Projects Went On-Site in 2016 – CIS

    More Than €8 Billion Worth of Construction Projects Went On-Site in 2016 – CIS

Over €8 Billion worth of construction projects went on-site in 2016 according to Construction Information Services (CIS) on Wednesday. The finding comes from the recently published 2016 Construction Market Review that also shows that almost €11 Billion worth of projects moved to Plans Granted stage while over 16,500 residential units were granted planning permission.
CIS says the €8 […]

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More Than One Third of Construction Companies Report Recruitment Difficulties

    More Than One Third of Construction Companies Report Recruitment Difficulties

The September – December 2016 InterTradeIreland Business Monitor Report, issued on Monday, shows that 37 percent of construction companies surveyed reported difficulties recruiting skilled labour, with 33 per cent citing a lack of appropriate skills in their current workforce.
“We are seeing a resilient, sustained recovery and notable symmetry in challenges faced by firms both North and […]

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Housing Minister Turns Sod at Sligo Development

    Housing Minister Turns Sod at Sligo Development

The Minister for Housing, Planning, Community and Local Government, Mr. Simon Coveney, turned the sod at a new development of 22 social homes at Fr O’ Flanagan Terrace, Sligo, on Friday. The homes will be a mix of one, two and three bedroom houses and apartments, which are designed to achieve an A3 building energy rating, […]

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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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