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UK property developer Quintain to build 245 new homes in Lucan

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QUINTAIN, a UK-based property developer, has received planning permission to build 245 new homes in Lucan, County Dublin.

The homes, which are all build-to-sell, are made up of 213 houses, 16 duplexes and 15 apartments.

Construction on the site, which has a gross development value of around €82m, is due to begin at the end of the year, with the first homes coming onto the market in the middle of next year, according to a statement from the group.

Led by Michael Hynes and former banking executive Eddie Byrne, Quintain is the property arm of Lone Star.

Quintain started operations in Ireland after Lone Star pulled the plug on plans to float its Irish development business on the stock market in conjunction with builder Durkan Residential.

The Lucan site, known as 'Tandy's Lane Village' is close to Quintain's 'Somerton' development where phase one of that project is complete.

Quintain has also reached "agreement in principle" with the Department of Education to build a new primary school at Tandy's Lane.

The two are targeting a 2023 opening for this school.

Michael Hynes, joint managing partner of Quintain Ireland, said: "We are delighted to be making further progress on our residential pipeline in the Lucan area with this planning approval for Tandy's Lane Village."

Elsewhere, Quintain is developing 220 acres in the Adamstown/Lucan area of Dublin, where it plans to build over 4,000 homes and 600,000 sq ft of commercial space.

The company's land portfolio covers 460 acres of assets at Adamstown, Clonburris, Portmarnock, and Cherrywood.

When these sites have been fully developed, they will make Quintain the third largest residential developer in the country.

Irish Independent