Property investment boss: building regulations blocked ‘thousands’ of apartments in Dublin

A major investment firm has said it would have built “thousands” of apartments in Dublin but couldn’t make the numbers add up under current building regulations.

Eric Jafari, the managing director of Saco, which is developing two aparthotels in Dublin city centre at a cost of more than €100 million, said the company had looked at doing residential development but abandoned the plans.

“Residential is far more scaleable than a hotel. We’ve done ...