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 Q3 2023, according to GlobalData’s construction projects database.
1. Ballymastone Residential Community
The project involves the construction of 1,200 homes on 28ha of land in Leinster.
Construction work started in Q3 2023 and is expected to be completed in Q4 2032.
The project is a sustainable mixed tenure residential development, in accordance with the Fingal County Development Plan 2017 – 2023 and the Donabate Local Area Plan 2016 – 2022, and applicable planning legislation. Buy the profile here.
2. Greenpark Racecourse Residential Community
The project includes the construction of 36,879m2, 371 residential units on 7.9ha of land in Munster.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2026.
The project aims to provide better residential facilities in the region. Buy the profile here.
3. Alta Verde Build-to-Rent Residential Complex
The project involves the construction of a 241-unit residential complex ranging up to nine stories in Leinster.
Construction work started in Q3 2023 and is forecast to complete in Q4 2026.
The purpose of the project is to create a unique living experience where the existing landscape is celebrated and enhanced, and where architecture and nature are in symbiosis.
4. Devoy Quarter Residential Community
The project involves the construction of a residential community comprising 152 apartments in nine blocks ranging from three to five stories in height on 2.12ha of land, in Naas, County Kildare, Leinster.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2025.
The aim of the project is to provide better residential facilities in the region.
5. Merrion Road Co-Living Apartment
The project involves the construction of a five-story apartment comprising 99 beds on 0.22ha of land in Leinster.
Construction work started in Q3 2023 and is expected to be completed in Q4 2026.
The development provides for the demolition of the existing guesthouse, the Ballsbridge Townhouse, and the construction of a five-story property with communal living, kitchen and dining rooms on each floor.
For more details on the latest construction projects, buy the profiles here.