Adamstown development gross value is at €80 million
By Maurice Garvey
PLANNING approved for over 230 new homes in Adamstown, sits on a site with a gross development value in excess of €80m.
South Dublin County Council granted permission to Quintain Developments Ireland for the plans earlier this month.
Michael Hynes and Eddie Byrne, Joint Managing Directors of Quintan Ireland with a model of Quintan Ireland’s Cherrywood Village development
As reported in The Echo last week, the development of 235 dwellings lies within the Adamstown Strategic Development Zone in Lucan.
The 17 acre site will include 159 houses and 76 apartments set in communal green open spaces, as well as being adjacent to Airlie Park and Tandy’s Lane Park.
Construction is targeted to commence in April when Covid restrictions are lifted, with the first homes coming to market in October 2021.
Aderrig is located beside Quintain’s Tandy’s Lane Village and Somerton phase 2 developments – combined the three schemes will deliver over 700 new homes.
The second phase of Quintain’s Somerton development, where 237 homes are being constructed, is due to go on sale shortly through agents Savills.
Quintan, a development company set up by the US equity giant Lone Star, owns 220 acres in the Adamstown/Lucan area, where it plans to develop over 4,000 new homes and 600,000 sq ft of commercial space.
The business, which abandoned plans for an IPO in 2018, has a total land bank of 460 acres in Dublin.
The company’s joint managing directors Michael Hynes and Eddie Byrne said in October that each of its developments would have a mix of homes for sale.
The first phase of Tandy’s Lane will include over 2 acres of green open space, while there is also provision for the construction of a new national school to serve future residents.
The 245 planned new homes for Tandys Lane include 214 houses 16 duplexes and 15 apartments.
Michael Hynes, Joint Managing Partner of Quintain Ireland, said: “We are very pleased for our latest development in Adamstown to receive planning permission adding a further 235 new homes to this vibrant community. With green open spaces, access to schools, and excellent retail amenities nearby, Aderrig will be a lasting community for families to call home.
“With Aderrig now planning approved, construction at Tandy’s Lane due to commence shortly, and Somerton phase 2 under construction, Quintain has a pipeline of over 700 much needed new homes for the Adamstown area in progress.”
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