Business Irish

Wednesday 18 September 2019

Global co-living giant to submit plans for 235-room site in Dublin

‘Housing is an emotive issue, understandably,’ says James Penfold of The Collective
‘Housing is an emotive issue, understandably,’ says James Penfold of The Collective

Michael Cogley

One of the world's largest co-living companies, The Collective, is set to submit plans for a 235-room development in Dublin, the Sunday Independent understands.

The company purchased a half-acre site in Fumbally in Dublin 8 in May for around €10.5m, after Housing Minister Eoghan Murphy legislated to allow co-living in Ireland.

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The controversial housing model sees tenants share communal kitchens as well as other facilities, such as games rooms, cinemas, libraries and gyms.

However, co-living proposals from some companies have drawn comparisons with 'Dickensian' accommodation.

It is understood that The Collective will look to build a 93,000 sq ft development at its Fumbally site. Sinn Féin deputy Eoin Ó Broin proposed new legislation in August to ban co-living developments.

The Collective's Ireland country lead James Penfold said it was a "shame" that such legislation had been proposed.

"I would have loved to show these people our Old Oak and Canary Wharf buildings in London, to show them the reality of co-living," Penfold told the Sunday Independent.

"I think that housing is an emotive issue, understandably, and people are frustrated by a lack of options in housing provision."

He added: "That's why it's so important to broaden the housing mix.

"Co-living is not a replacement for traditional houses or apartments; it's just another option."

Sunday Indo Business

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