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Irish Independent
28-05-2025
- Business
- Irish Independent
State's affordable housing body to deliver 328 new homes in South Dublin
The new apartments are located close to the award winning Shanganagh Castle Estate, where 597 new affordable purchase, cost rental and social homes have been developed by the LDA in partnership with Dún Laoghaire-Rathdown County Council. The new homes are being built in partnership with developer Castlethorn, through the LDA's 'Project Tosaigh' initiative. Project Tosaigh aims to provide a fair deal to renters struggling to pay private sector rents by unlocking land with full planning permission that is not being developed by private sector owners. It is a means to accelerate the supply of affordable housing, and the completed homes are then owned by the LDA and made available as cost rental, or sold by the LDA in partnership with local authorities through affordable purchase schemes. In Shankill, all of the 328 Woodbrook apartments will be made available as cost rental. This provides a secure, long term rental option with rents at least 25pc below market rates. Cost rental is designed to assist those who do not quality for social housing or other state housing supports, but who are struggling to afford to rent in the private market. The apartments are part of Castlethorn's Woodbrook development, which includes 685 homes and has the potential to deliver an additional 500 homes. The development will also feature excellent amenities including a creche, a primary school and neighbour centre, helping to create a vibrant and well-serviced community. The development will comprise two blocks over six storeys and are due to be completed by 2026. They are located beside Woodbrook Golf Club, featuring views of the course and the Dublin's coastline. They will also be in easy reach of the new Woodbrook Dart station, which is due to open this summer. In addition to Dart services, the area is located between Shankill and Bray, on a main bus route with easy access to the M11 and M50. Commenting on the plans, the chief executive of the LDA, John Coleman, said: 'This is a very welcome partnership between the LDA and Castlethorn. We are forward funding the development of 328 new cost rental homes in a prime location with excellent transport links, local amenities and facilities. "This is a highly accessible and attractive location for renters, and we are pleased to be working with an experienced delivery partner in Castlethorn to bring these homes to market by the end of 2026. These new homes will play an important role in addressing demand for affordable, secure rental accommodation in south Dublin.' Meanwhile, Castlethorn CEO Joe O'Reilly, said 'the proximity to the new Dart station, high-quality design, and inclusion of community facilities make this a highly attractive offering'. "We look forward to delivering these sustainable A-rated homes and helping to establish a new community that will thrive for generations to come,' he added.
Dublin Live
27-05-2025
- Business
- Dublin Live
Over 300 cost rental apartments to be delivered in Shankill
Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info Over 300 cost rental apartments will be delivered in Shankill by the end of next year. The new A-rated apartments are being delivered in Woodbrook and include 102 one-bed and 226 two-bed homes. The homes are being delivered by the Land Development Agency's (LDA) in partnership with Castlethorn through the LDA's Project Tosaigh initiative. This is where the Agency partners with private homebuilders, providing the financial stimulus required to initiate construction and complete new housing projects. The completed homes are then owned by the LDA and made available as cost rental or sold by the LDA in partnership with local authorities through affordable purchase schemes. In this case, all of the 328 Woodbrook apartments will be made available as cost rental, with rents at least 25 per cent below market rates. The wider development includes 685 homes and has the potential to deliver an additional 500 homes. The Woodbrook apartments are being delivered in two blocks over six storeys and are due to be completed by 2026. They are located beside Woodbrook Golf Club and are also next to Woodbrook Dart station, which is due to open this summer. John Coleman, Chief Executive of the LDA, said: 'This is a very welcome partnership between the LDA and Castlethorn. We are forward funding the development of 328 new cost rental homes in a prime location with excellent transport links, local amenities and facilities. "This is a highly accessible and attractive location for renters, and we are pleased to be working with an experienced delivery partner in Castlethorn to bring these homes to market by the end of 2026. These new homes will play an important role in addressing demand for affordable, secure rental accommodation in south Dublin.' Joe O'Reilly, CEO of Castlethorn, said: 'We are delighted to partner with the LDA on this exciting project at Woodbrook. The proximity to the new Dart station, high-quality design, and inclusion of community facilities make this a highly attractive offering. We look forward to delivering these sustainable A-rated homes and helping to establish a new community that will thrive for generations to come.' Join our Dublin Live breaking news service on WhatsApp. Click this link to receive your daily dose of Dublin Live content. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice. For all the latest news from Dublin and surrounding areas visit our homepage.
BreakingNews.ie
27-05-2025
- Business
- BreakingNews.ie
Land Development Agency to deliver 320 cost-rental apartments in Co Dublin
The Land Development Agency (LDA) plans to deliver more than 320 new apartments in Shankill, Co Dublin. The development at Woodbrook, which will have access to a new Dart station, will include 102 one-bed and 226 two-bed homes. Advertisement All of the apartments will be made available as cost rental. The agency said the apartments would be delivered in partnership with property development company Castlethorn through the LDA's Project Tosaigh initiative. This is where the agency partners with private homebuilders, providing the financial stimulus required to initiate construction and complete new housing projects. The completed homes are then owned by the LDA and made available as cost rental or sold by the LDA in partnership with local authorities through affordable purchase schemes. The development will be next to Woodbrook Dart station, which is due to open this summer In this case, all of the 328 Woodbrook apartments will be made available as cost rental. Cost rental is a relatively new tenure, which provides a long-term rental option with rents at least 25 per cent below market rates. Advertisement Cost rental is designed to assist those who do not quality for social housing or other State housing supports, but who are struggling to afford to rent in the private market. The apartments are part of Castlethorn's Woodbrook development, which includes 685 homes and has the potential to deliver an additional 500 homes. The development will also feature amenities including a creche, a primary school and neighbour centre. The Woodbrook apartments are being delivered in two blocks over six storeys and are due to be completed by 2026. Woodbrook Dart station is due to open this summer. Ireland Targets for cost-rental properties expected to be... Read More John Coleman, chief executive of the LDA, said the development was in an accessible and attractive location for renters. "These new homes will play an important role in addressing demand for affordable, secure rental accommodation in south Dublin," he said. Joe O'Reilly, chief executive of Castlethorn, said the firm was "delighted" to partner with the LDA on the project. "The proximity to the new Dart station, high-quality design, and inclusion of community facilities make this a highly attractive offering. We look forward to delivering these sustainable A-rated homes and helping to establish a new community that will thrive for generations to come."
Irish Examiner
02-05-2025
- Business
- Irish Examiner
First Cork docklands affordable homes set for 2025 as State ramps up housing plans
After decades of talk, strategies and vision documents, the first of hundreds of new affordable homes in Ireland's largest urban regeneration site will be ready by the end of next year. The completion date for the first Cork docklands apartments emerged on Friday as Taoiseach Micheál Martin and Housing Minister James Browne visited two dockland sites where 600 homes are being built with support from the Land Development Agency (LDA). Mr Martin also confirmed that agreement has just been reached for the transfer of a Bórd na Móna-owned site on Monahan Road in the south docks to the LDA. The 2ha/5a landbank, known locally as Suttons' Coals and which is designated as 'new residential neighbourhoods' in the city development plan, is expected to yield up to 300 homes at an estimated cost of up to €56.65m. LDA chief executive, John Coleman, said they would 'waste no time lodging the planning application'. The LDA also has interest in a nearby 7.6ha site on Centre Park Road owned by the ESB with the capacity to yield between 630 and 930 homes. However as it was a former power plant, de-contamination issues must first be addressed. The city's wider docklands region has capacity for up to 10,000 new homes but thousands of units have been stalled over infrastructural deficits, including a poor road network in the lower harbour, which have prevented the relocation downstream of certain dockland site owners and occupiers. However, Mr Martin said a potential solution has been identified to that issue as he hailed construction progress on 639 new homes at Horgan's Quay and at Marina Depot, the former Ford distribution depot on Centre Park Road which used to host the Live at the Marquee concert series. Taoiseach Micheál Martin, pictured visiting Marina Depot, Cork, to see progress on more than 600 new affordable homes being delivered in the Cork Docklands, by the LDA, in partnership with Cork City Council, and Glenveagh Properties. Picture: Michael O'Sullivan / OSM PHOTO Both are advancing under the LDA's Project Tosaigh scheme in which the agency partners with private homebuilders, providing the financial stimulus required to start construction and delivery the homes. The State, through the LDA, will own and operate the new homes as affordable housing targeted at middle income households. The Taoiseach and housing minister first visited Horgan's Quay on the north docks to view the HQ Development where the LDA is working to deliver 302 new cost rental apartments. The scheme was previously stalled due to viability constraints but was kickstarted by Project Tosaigh. It forms part of a wider €160m mixed-use development and is expected to deliver its first homes by the second half of 2026. Conceptual views of the new public realm on Horgan's Quay in Cork's docklands which could be built under the new framework strategy which was published on Wednesday, April 30, for public consultation. They then visited the Marina Depot site in the south docks where the LDA is working with Glenveagh Properties to deliver 337 new homes, including 260 cost rental and 77 social apartments on the former home of the Live at the Marquee concert series. These homes have kick-started a wider Glenveagh development there which will deliver 1,178 apartments on the site, with piling complete, ground floor slabs poured, and structural work underway. These homes are scheduled for completion during 2027. Mr Martin described Cork docklands as one of the most exciting urban regeneration projects in the country with the sites he visited on Friday set to deliver homes people can afford in the heart of the city. 'It is clear evidence of what can be achieved when the State partners with and supports the private sector to meet our housing challenges head-on,' he said. Mr Browne said the developments demonstrate the government's commitment to using every lever at its disposal to deliver affordable homes. Mr Coleman said the two schemes are perfect examples of how it can partner with the private sector to accelerate housing delivery. John Coleman, CEO, LDA; Taoiseach, Micheál Martin, TD; Cllr Dan Boyle, Lord Mayor of Cork; Valerie O'Sullivan, Chief Executive, Cork City Council, and Stephen Garvey, CEO, Glenveagh, pictured visiting Marina Depot, Cork, to see progress on more than 600 new affordable homes being delivered in the Cork Docklands, by the LDA, in partnership with Cork City Council, and Glenveagh Properties. Picture: Michael O'Sullivan / OSM PHOTO Glenveagh's chief executive, Stephen Garvey, said their Marina Depot apartment scheme is already attracting phenomenal interest, especially given its location next to the river Lee and Páirc Uí Chaoimh. The LDA is currently actively building more than 900 homes in Cork city, with work underway on Horgan's Quay, Marina Depot and the former St Kevin's Hospital, and it is planning another 500, including 350 at the ESB site in Wilton, for which a planning application has just been lodged, and 140 at Anglesea Terrace, in conjunction with Cork City Council. Longer-term plans include up to 5,000 new homes in Tivoli docks. IDA-owned lands in Kilbarry are also on the LDA's radar and could potentially deliver up to 2,000 homes. Earlier, the Taoiseach turned the sod on 95 mixed tenure housing scheme at Glenbride, Kilnap, on the Old Mallow Road. Former residents Maureen Lehane, Jerry, Noreen and Seamus O'Donoghue pictured at Millfield Cottages, marking the official opening of Respond estate in Blackpool, Cork this morning. Picture: Marc O'Sullivan The scheme is being built by Murnane & O'Shea in partnership with Cork City Council and will deliver 86 affordable homes, which will be for sale at around 20% below open market value, and nine social housing units. Mr Martin also visited a new social housing scheme at historic Millfield Cottages, Blackpool where 18 new social housing two-bedroom terraced homes have been developed in a scheme which had been derelict for over a decade. The cottages were originally built to house workers from the nearby Sunbeam Wolsey Textile plant until its closure in 1995. Respond Housing will manage the scheme for Cork City Council. Read More Cork Airport to demolish old terminal and build new pier as part of €200m investment
