Construction BUSINESS

Glenveagh Properties Acquires Substantial Site at Tyrrelstown, Dublin

 Breaking News
  • U+I and Colony Capital Granted Planning For Carrisbrook House Redevelopment in Dublin A joint venture of U+I and investment vehicles managed by Colony Capital, has secured consent from An Bord Pleanála to radically transform and extend the landmark Carrisbrook House office building in Dublin 4. Carrisbrook House, an eight-storey building originally built in 1969 on the corner of Pembroke Road and Lansdowne Road, is to be completely [...]...
  • The Digital Hub Selects Architect and Project Management Firms to Support its Development The Digital Hub, Ireland’s largest and most established cluster of technology, digital media and internet companies, has announced the appointment of Scott Tallon Walker Architects and KSN Project Management to support the development of The Digital Hub. Following an EU-wide tendering process, Scott Tallon Walker Architects has been selected as the Design Team and KSN [...]...
  • NSAI Publishes Protocol to Assess Homes Suspected of Being Affected by Mica or Pyrite The National Standards Authority of Ireland (NSAI) has published a standard protocol called I.S. 465. This protocol will be used by engineers, geologists and laboratories to assess, test and categorise the damage in properties negatively affected by defective concrete blocks, due to excessive free muscovite mica and pyrite. It will also give guidance on remedial [...]...
  • New Guidelines on Urban Development and Building Heights For Local Authorities Eoghan Murphy, TD, Minister for Housing, Planning and Local Government has issued Urban Development and Building Heights Guidelines for Planning Authorities under Section 28 of the Planning and Development Act (2000), as amended. These Guidelines set out new and updated national planning policy on building heights in relation to urban areas, elaborating on the strategic [...]...
  • 2018 Sisk Supply Chain Awards Winners John Sisk & Son, Ireland’s leading provider of construction services with extensive operations across Ireland, the United Kingdom and mainland Europe, has announced the winners of its Supply Chain Awards for 2018. Sisk spent a total of €1 billion with its supply chain in 2018 while the construction business also confirmed it has a total [...]...

Glenveagh Properties Acquires Substantial Site at Tyrrelstown, Dublin

Glenveagh Properties Acquires Substantial Site at Tyrrelstown, Dublin
August 02
09:47 2018

Glenveagh Properties has announced a further substantial land acquisition in the Greater Dublin Area (GDA) capable of delivering over 1,250 units. The Irish homebuilder has exchanged contracts to acquire a c.113 hectare site (39 hectares of which are zoned residential) in Tyrrelstown, Dublin 15 which has the potential to deliver over 1,250 residential units. The acquisition, which is adjacent to the group’s existing site at Hollystown Golf Club, is expected to complete in Q3 2018 with the combined site expected to deliver units from 2019.

The addition of Tyrrelstown to the Group’s portfolio further strengthens Glenveagh’s ability to deliver starter homes in the GDA in proximity to key transportation nodes. The exact purchase price is commercially sensitive but is in excess of €65 milliion. The group is acquiring the site through a tender process.

Glenveagh Properties has separately completed the acquisitions of Project Hector (700 units) and Project Bill (400 units) and has completed the consensual ‘loan to own’ transaction at Castleforbes Business Park, Dublin 1.

Substantially all of the group’s net available IPO proceeds have now been deployed or are committed to be deployed, three months ahead of schedule. Following this acquisition, the group’s strategically located landbank now stands at c.11,370 units, up from 3,000 units at IPO. Construction has now commenced on 12 sites with c.700 residential units currently under construction and c.800 expected to be under construction by the end of 2018.

About Author

admin

admin

Related Articles


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber





Subscribe Here



Advertisements