According to GlobalData, the value of Ireland construction market is forecast to decline by 4.1% in real terms in 2023, having grown by 15.3% in 2022. A key growth market will be the infrastructure market, with output dropping by 4.2% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the top five multi-family housing construction projects that commenced in Ireland in Q4 2023, according to GlobalData’s construction projects database.
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1. Citywest Drive Strategic Housing Development
The project involves the construction of a 37,168m2, 463-home residential community in seven blocks ranging from two to seven story on 7.4ha of land in Leinster.
Construction work started in Q4 2023 and is expected to be completed in Q3 2025.
It is part of Glenveagh Properties PLC’s plans to build 527 apartments at two locations in Dublin. Buy the profile here.
2. Citywest Drive Residential Community
The project involves the construction of 26,929m2 six residential blocks of five to seven-story comprising 290 residential units on 2.9ha of land in Leinster.
Construction work commenced in Q4 2023 and is expected to finish in Q4 2026.
The aim of the project is to meet the demand for increased residential facilities in the region. Buy the profile here.
3. Old Slane Road Residential Complex
The project involves the construction of a five story residential complex comprising 237 apartments in Drogheda, Leinster.
Construction work started in Q4 2023 and is forecast to complete in Q4 2025.
4. 10 Newmarket Square BTR Residential Community
The project involves the construction of a Build-to-Rent (BTR) residential community comprising 132 high-quality apartment units in the 10 Newmarket Square area of the Liberties in Dublin 8, Leinster.
Construction work commenced in Q4 2023 and is expected to be completed in Q4 2025.
The project targets the latest Nearly Zero Energy Building (NZEB) standards with a passive-first philosophy, with low U-values and a low-energy design. Buy the profile here.
5. Cooldown Commons Residential Community
The project involves the construction of 42,071m2, 405 apartments in nine blocks of one to 13-story on 3.4ha of land in Dublin.
Construction work started in Q4 2023 and is expected to be completed in Q4 2026.
The project aims to provide better residential facilities in the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
