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
Housing State will ‘fail to meet housing targets unless construction costs are tackled’Experts and industry groups call for urgent action to tackle rising building costs at a cross-party meeting
Developer calls for 0% Vat on building materials to deal with inflation crisisThe heads of a property development and construction materials company also want the government to abolish Vat on new housing developments
Infrastructure Government to access €400m of unspent capital for NDP projectsPublic Expenditure Minister has announced that the state will pay 70 per cent of construction cost inflation on recently signed public works contracts to safeguard key projects
economics State to cover 70% of cost of construction inflation Government will also extend reduced 9% VAT rate for hospitality sector
Demolition of Revenue’s Limerick HQ ‘farcical’, says Green TDBrian Leddin, chair of Oireachtas environment committee, says plan to demolish 1970s-era Sarsfield House should be re-examined due to impact on the environment
Infrastructure Cost inflation delaying €67m bypass in historic Clare villageKillaloe, the birthplace of Brian Ború, must wait for its new road due to huge increases in the price of construction materials and fuel
Sale of oil and gas boilers should be phased out by 2027, building group says Green Building Council recommends a number of measures to reduce carbon emissions and warns there are not qualified people to fulfil Ireland’s retrofitting targets
inflation Builders ‘downing tools’ on major road projects as construction prices soarIndustry representative warns backlog is growing as schemes are deferred, and says prices must be adjusted to ensure delivery
‘It shouldn’t have taken a war’: Construction firms rebuke state amid inflationary pressuresConstruction Industry Federation to tell politicians ‘no contractor in the world’ could withstand current price rises
Building emissions in Ireland as high as agricultural emissions, TDs told Retrofitting less effective due to improper installation, Oireachtas committee hears
Construction cost inflation hits 13% — chartered surveyors SCSI says prices to increase further due to war in Ukraine