Housing Irish Water planning to refund new-connection fees to developers The move is in an effort to prevent ‘first mover disadvantage’ and encourage housing development
Housing Moving on: Is our property pipeline in jeopardy?The retreat of institutional investors from the Irish property market – due to a combination of issues such as project viability concerns and rising bond yields – has significant implications for government housing targets
Planning Property firm wins appeal over sprinklers in basement car parkMB McNamara Construction, which is building a six-storey apartment building in Tallaght, has overturned a sprinklers requirement despite South Dublin Co Council’s objections
Companies British private equity group buys building materials firm Etag for €8.2 millionBritish private equity and sustainable infrastructure investment firm completes its first acquisition in Ireland
Companies Glenveagh boss predicts drop in new-builds by end of yearStephen Garvey says numbers have dropped since spring peak of 35,000 commencements, while profits at the group have soared by over 200 per cent
Companies Cairn Homes reports strongest ever half-year profit of €36mThe Irish homebuilder said it has been able to maintain strong profit margins this year despite significant inflation in the cost of building materials and labour
Politics Mica: State warned cost of €800m levy on builders ‘will be passed onto buyers’Construction Industry Federation says plan to raise €80m per year for a decade from builders to help fund €2.7bn scheme will risk the ‘viability’ of new building schemes
Company Watch CRH dodges danger of inflation due to unique business modelRising cost of materials hasn’t hurt bottom line for construction giant, which reports a healthy pipeline of infrastructure projects in Europe and US
Infrastructure Building industry urges extension of €600m first-time buyers scheme amid soaring construction costsIn submission to the government, Construction Industry Federation also warned the state over low levels of projected spending on capital projects under €165bn NDP
Companies CRH issues upbeat outlook after reporting double digit growth in half year profits and salesThe buildings materials giant said it expects its European business to remain challenged due to inflation pressures but added that its Americas division is performing strongly
Companies Kingspan reports record revenue of €4.2 billion as profits rise by 32%Materials giant said exposure to high growth end markets and a concerted worldwide move towards an energy conscious future played a key part in driving growth
Companies Indian construction giant plans to build projects worth €180mShapoorji Pallonji’s country head for Ireland and UK says a number of projects have already commenced, adding: ‘We’re here and we’re ready to spend money in Ireland’
Companies Cairn Homes shareholders to reap rewards as sales soar Shareholders to get significant amounts of cash in dividends and share buybacks as home builder benefits from ongoing housing shortage in Ireland
Housing Cairn Homes increases inflation estimate up to 7% for 2022Listed builder expects reported turnover of €600 million this year
Companies Gavin Slark to step down as chief executive of Woodie’s ownerSlark led the company for 11 years and will continue in his roles as CEO and board director until leaving at the end of 2022
Housing Sisk threatened to pull out of all future social housing schemes over costsThe construction giant made the move before the government announced it would intervene to cover some construction cost inflation
Housing Construction inflation risks scuppering social housing projects, expert group warnsIrish Council for Social Housing tells Oireachtas committee that approved housing bodies are finding it harder to secure sufficient levels of professional indemnity when obtaining loans
The Last Post Matt Cooper: Deluge of Saudi cash threatens to wash out Europe’s flagship golf eventsThis week’s Horizon Irish Open in Mount Juliet has a prize fund of €6m, and will be fighting for TV viewers against LIV’s $25m exhibition in Portland
Housing Nama says construction inflation ‘a real challenge’ in plan to deliver 1,800 homes by 2025Agency’s chief executive says 600 homes will be completed this year despite the increase in costs for building materials
Companies CRH agrees $1.9bn acquisition of Barrette Outdoor LivingBarrette reported a profit before tax of $79 million last year, and gross assets of $1.2 billion
