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 on 06-10-2016.
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 square feet of flexible Grade A office and retail space with 273 luxury residential apartments.The gross development value of the project is estimated in excess of €700 million upon completion. It will create up to 2,000 construction jobs throughout the life of the project.
Construction Information Services (CIS) has published its annual report, pinpointing in excess of €17 billion in key and major construction projects already planned for 2017.
In their report, ‘Construction Opportunities 2017’, highlights projects that will commence on-site, progress significantly or be completed over the 12 months of the year.
CRH is set to spend €900 million investing in plants and facilities this year, the highest since before the global financial crisis, according to Davy, as mergers and acquisitions take a back seat following its biggest ever purchase in 2015.
The chief executive of Irish housebuilder Cairn Homes has welcomed the Government’s Help-to-Buy scheme for first time buyers, saying it represented the the best way to stimulate construction in the short term.
“We are in the middle of a housing crisis and, while there are issues with costs, we have to look at what will be impactful,” Michael Stanley told The Irish Times.
“The big challenge we are seeing is the ability of first time buyers to put a deposit together, post tax, of €30,000 to €40,000. It’s a challenge for people. So this will help with that.”
Minister for Finance Michael Noonan announced a rebate of 5 per cent for first time buyers on house prices up to €400,000, and a maximum rebate of €20,000 for units priced up to €600,000. This will apply to new builds only.