UK builder plans for second Dublin housing scheme
Published 09/08/2015 | 02:30
London developer Hollybrook Homes has applied for planning permission in the north of Dublin, for what will be its second ever Irish residential housing scheme.
Apartment building in the country's major cities ground to a halt during the recession and has yet to show signs of real recovery. Some developers have said that sale prices have still not recovered to the point where apartment building makes economic sense.
But now the UK company's Irish subsidiary, Hollybrook New Homes, wants to construct 124 apartments in the north Dublin suburb of Clongriffin. It has applied to Dublin city council for planning permission for 124 apartments in buildings either five or six storeys high, topped by a luxury penthouse.
Hollybrook's first Irish development was a 150-unit scheme in nearby seaside town Malahide, consisting of both family homes and apartments, originally owned by developer Gerry Gannon of Gannon Homes.
Hollybrook was founded in 1987 by Michael and Pauline Cox and started out as a building contractor before evolving into a property development company specialising in housing and mixed use projects on inner city sites.
It has built around 20 schemes in the UK, including student accommodation blocks and luxury units.
Sunday Indo Business