Company Watch It makes ‘perfect sense’ to list CRH in North America, says company’s chiefRelisting to US would provide enhanced growth opportunities for the building materials giant, chief executive said
Housing Glenveagh and Cairn diverge on solutions for housing crisisConstruction giants both posted robust profits for last year, but Cairn plans to focus on apartments and Glenveagh is pushing for more high-density own-door developments
Housing Cairn chief says cost of building a home has increased by €160k since 2016Housebuilder calls on government to ramp up financial support for buyers amid still-rising construction inflation
Construction Ireland’s biggest public company CRH to move primary market listing to US The building materials firm, which reported a 10 per cent rise in profits, said it will remain headquartered and tax-resident in Ireland
Property Rents at HSE-owned properties to rise due to construction inflation, health facilities investor warns government London-based Primary Healthcare Properties, which leases assets to the HSE and other government bodies, owns a portfolio of 20 assets in Ireland valued at more than €250 million
Industrial Relations Mechanical workers at Intel’s €12bn Leixlip plant could strikePlumbers working at Intel’s Fab 34 plant, as well as others carrying out work on the national children’s hospital, are among those voting in a ballot over industrial action amid a long-running dispute with contractors over travel allowances
Construction Property investors predicted to be ‘cautious’ despite construction inflation easingBuilding tender prices have surged by 26 per cent over the last two years
Health Primary healthcare firm PHP says government must move investment ‘away from over-burdened hospitals’PHP currently owns a portfolio of 20 assets in Ireland valued at €261 million
Housing Plans for more than 20,000 homes in central Dublin not yet acted onNew data released by Dublin City Council show projects with planning permission that could deliver 9,000 rental units are dormant
Housing Number of new homes started falls by double digits as building slowsThe building slowdown was most pronounced in the second half of 2022, with 12,800 units commenced, a 16 per cent fall from the same period in 2021
Legal Number of claims by sub-contractors to recover bills over €10k doublesLow-cost construction contracts adjudication process is generally faster than in the courts
Construction Typical pay for surveyors rises to €77k as Ireland grapples with shortageThe Society of Chartered Surveyors said salaries are significantly higher in Dublin
Housing Conor O’Connell: Extraordinary times mean a unified effort is needed to build homes for allWe are entering a difficult phase of housing development as escalating costs coincide with land shortages and other problems, but housing initiatives, planning advances and a cooperative approach could boost delivery
Higher Education Maynooth University spent €1.6m on student centre before scrapping it due to spiralling costsUniversity is considering legal action to recover money spent on the now-scrapped project but says it won’t need any exchequer funding
Housing Government predicted to miss housing targets as builders hit by inflationConsultants said significant cost increases mean that many developers face a ‘viability challenge’
TV and Radio Dermot Bannon contacted by building regulator over RTÉ’s Room to ImproveThe state’s construction regulator contacted the celebrity architect and Department of Housing about the contents of the hit programme
Housing Developers could get tax breaks to build apartmentsThe government is considering financial incentives to activate 70,000 idle planning permissions, but any such tax breaks would not apply to houses
Companies Grafton Group sees decline in revenue from Woodie’s business as pandemic gains reverse Revenue trends continued to be favourable in the distribution businesses in Ireland and the Netherlands, however
Housing Building watchdog criticises regulatory ‘opt out’ for mica rebuilds using state grantsState agency in charge of building regulation criticises exemption to construction rules that may allow some homeowners to rebuild their houses without having to properly adhere to building regulations
Local Government Local authorities falling behind on new building inspections Figures obtained by the Business Post show that more than one in four local authorities are not on course to meet their targets
