1,400 homes set to be built on site bought for €25 million

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1,400 homes are set to be built in Clondalkin after an Irish developer purchased a site for around €25 million.

Irish-owned residential property developer Ardstone acquired an eight-hectare site behind The Mill Shopping Centre on the Ninth Lock Road in Clondalkin Village to deliver well over 1,000 homes, with construction expected to begin in 2027.

The eight-hectare site is zoned, unplanned land and was previously the home of CB Packaging.

The development is also expected to include the erection of some social infrastructure to complement the new housing units.

A new community centre for the area, as well as a town plaza are included in the development plans.

In 2025, Ardstone had completed the development of 800 social and affordable units in Tallaght and Citywest.

CEO of Ardstone Donal O’Neill noted that the company aim to continue to create housing opportunities in the coming years.

The CEO said: “This year, Ardstone completed 800 social and affordable homes in greater Dublin.

“We intend on increasing that scale and pace in the coming years with the continued support of our capital partners and this site will play an important part in sustaining our pipeline.”

Also in 2025, the Irish real estate and development platform acquired apartment complexes on the Northside for a combined €250 million.

Ardstone state that they have rolled out a long-term residential investment strategy since 2021, focused on the mid-level rental market.

Through this strategy, the company now manages over 3,000 residential units valued at approximately €1.4 billion.

Ardstone deploys funds raised from institutional partners, including large European pension funds and insurance companies.

The Ireland Strategic Investment Fund (ISIF) has invested over €100m with the company.

The company plans to commence development on its existing land pipeline of 1,000 units in 2026 before work is expected to commence on their site in Clondalkin the following year.