Global real estate investment company Kennedy Wilson has launched Phase II of its Clancy Quay development.
The development is located on the southern banks of the River Liffey in Dublin.
Phase II consists of an additional 163 new houses and apartments, arranged in both converted former army barracks and in new buildings.
In addition to the 163 new units, Kennedy Wilson has also submitted a planning application to add a further 259 new units over the remaining 2.8-acre Phase III site.
Phase I of the development was completed in 2008 and comprises 423 fully furnished apartments, which have benefited from a rolling refurbishment programme over the past three years, a statement from the company said.
"The launch of Phase II is a key milestone in the development's progress and on completion of both Phase II and future Phase III Clancy Quay will be the largest rented residential scheme in Ireland with 845 units by 2020.
With a multifamily portfolio of almost 2,000 units in Ireland, Kennedy Wilson remains committed to investing and growing its portfolio for the long-term," Peter Collins, chief operating officer of Kennedy Wilson Europe said.