Cairn Homes se­cures green light for an­other 459 homes in west Dublin

Sunday Independent (Ireland) - Business & Appointments - - FRONT PAGE - Michael Cog­ley

ONE of the coun­try’s largest de­vel­op­ers, Cairn Homes, has been given the go-ahead to build more than 450 new homes on the out­skirts of Dublin.

Cairn has pro­posed a strate­gic hous­ing de­vel­op­ment along For­tunestown Lane, near Ci­ty­west Busi­ness Park. The Luas Red Line runs along­side the 18-acre site, which re­mains va­cant.

The Irish and Lon­don-listed de­vel­oper plans to build 459 units, made up of 336 apart­ments and 123 houses. The apart­ments com­prise 30 stu­dio units, 88 one-beds, 189 two-beds, and 29 three-beds. The re­main­ing houses will be made up of three and four-bed vari­a­tions. A creche and com­mu­nity room will also be built.

The Cooldown Com­mons site is one of 17 de­vel­op­ments in Cairn’s pipe­line. Last month, Cairn was given the go-ahead to build a fur­ther 420 units in nearby New­cas­tle in south-west Dublin.

Cairn, headed by CEO Michael Stan­ley, orig­i­nally ap­plied to build 230 units on the Cooldown site but pulled its orig­i­nal ap­pli­ca­tion.

Cairn re­ceived plan­ning per­mis­sion af­ter us­ing the “fast track” sys­tem with An Bord Pleanala, which is re­served for de­vel­op­ments of 100 units or more. The sys­tem, in­tro­duced by hous­ing min­is­ter Eoghan Mur­phy last year, al­lows large-scale de­vel­op­ments to go straight to the board.

The in­creased out­put fol­lows a sim­i­lar move by the de­vel­oper at the for­mer RTE site in Mon­trose where it in­creased its orig­i­nal plans by 22pc, or 113 units.

The de­vel­oper has lodged plan­ning doc­u­ments with the board, sig­nalling its in­ten­tion to build 619 apart­ments and three town­houses on the site it pur­chased from RTÉ for €107.5m in 2017. It is higher than the 550-600 units that it told in­vestors last month it would build on the site which was sold at 43pc above the guide price of €75m.

Michael Stan­ley, CEO of Cairn Homes

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