Council plans to lease estate for more than cost to buy

Social Democrats TD Catherine Murphy says it’s time for the state to halt these type of long-term leasing deals for social housing.

16th May, 2021
Council plans to lease estate for more than cost to buy
An aerial shot of the Heron Wood estate in Cabinteely, south Co Dublin.

A local authority is in negotiations with a developer to lease a new estate for social housing, in a deal that would cost up to €20 million in rent.

The Heron Wood estate in Cabinteely village in south Co Dublin has been put on the market at a proposed rent of €800,000 a year.

Dún Laoghaire-Rathdown Council is now negotiating to lease out all 34 apartments and houses in the estate for 25 years by...

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