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29/03/2019

Land agency ruminates over first project in south Dublin

Words: Roger Milne
Flats / iStock-637717370

Media reports this week have suggested that the government’s recently established Land Development Agency is contemplating building up to 600 flats on land owned by Dún Laoghaire Rathdown County Council, in south Dublin.

According to the Irish Times, hundreds of flats are to be built near Shankill for renting to low- and middle-income workers at 30 per cent below market rates, under what would be the agency’s first “cost rental” scheme.

That’s in prospect for land surrounding Shanganagh Castle, a former juvenile prison now owned by the local authority.

The newspaper added: “The LDA is determining the funding required for the scheme but hopes to have that in place by the end of this year. Following a grant of planning permission, construction of the full scheme is expected to take 36 months, but the first homes are expected to be available within 18 months.”

Image credit | iStock

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