Between steady commencements and a rebound in imports of tower cranes, indications are that Ireland is set to build more of the homes it needs in the coming year.
High steel prices and demand for green standards have pushed developer Newpark Real Estate to switch to timber frames for its latest industrial buildings. Its financial backer Bain Capital supports the move.
After years of downsizing and pandemic disruption, the construction services firm emerges leaner and more efficient. It now needs to convert more newfound profit to cash before it can pay Denis O’Brien dividends.
Surpassing the government’s target of 33,000 – as seems possible by 2025 – will be far from sufficient. Realistically, the country needs to be building at least 45,000 homes per year and probably closer to 60,000 homes per year for decades.
Henry Construction Projects had over £400 million in revenue in 2021 and is led by its founder, Irishman Mark Henry.
Having been blighted by overruns, the fall-out from the redevelopment of Páirc Uí Chaoimh into a 45,000-capacity stadium is now increasingly litigious, with several legal actions taken. Just what is going on?
Some of those criticising the Croí Cónaithe scheme have been consistent in their suspicion developers are making large profits from building homes. The problem with this theory is that there is effectively no evidence for it.
The construction industry is entering an era of predictive technology and building out this new frontier is Evercam. Founded in 2013, by Marco Herbst and Vinnie Quinn, the company is shaving seven figure sums off the cost of building projects through its use of AI.
Roadbridge has long carried heavy debts by industry standards. And it is now in talks with Bank of Ireland over the facilities.
Major new data on housing delivery and costs reveal just how weak supply really is. But to fix the problem, we need to focus on land, the role of public housing and the vexed issue of construction costs.
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