Promising development brings affordable housing to west Dublin.
Bank of Ireland has committed to support GEM Construction Ltd with debt funding for the construction of 220 homes in Mulhuddart, Co Dublin.
The project is being delivered by GEM under a licence agreement for Fingal County Council and will consist of 180 affordable houses and 40 social houses funded by Bank of Ireland, along with an additional 80 apartments that will be funded by Fingal County Council bringing the total number of social and affordable homes to 300.
“We’ll continue to play our part in delivering the nation’s housing future”
The development will include two parks, two retail units, a creche and a community centre which will benefit the local community.
Serving the community
Established in 1978, GEM Group, which employs over 120 people, has more than 45 years’ experience in the construction sector with a proven track record for delivering high-quality development projects across various sectors with a focus on new homes in the recent past. GEM Group were also ranked No. 18 in the Top 20 ROI Contractors in 2023.
“Churchfields marks the beginning of a very exciting project for GEM Construction to build and deliver 300 affordable, cost rental and social homes together with an expansive recreational park and playgrounds,” explained Martin Healy, managing director, GEM Construction Company Limited.
“The project marks a new opportunity for GEM to partner with Fingal County Council in providing new homes to serve the community. We are delighted to be part of this new strategy and look forward to welcoming new homeowners later this year and over the coming two years.”
The project promises to deliver an environmentally responsible low-impact development, aligning with GEM and Bank of Ireland’s commitment to sustainability. Each unit will be constructed to a minimum BER A3 Rating.
“Bank of Ireland is proud to support the supply of high quality new homes in outstanding developments,” said John Feeney, head of Property, Project and Asset Backed Finance, Bank of Ireland.
“In this transaction, Bank of Ireland, in tandem with Fingal County Council, is playing its part in delivering much needed social and affordable housing in a long established community. Significant amenities will be provided to the residents of the area, including a creche, two retail units, a community centre, parks and play areas. We’ll continue to play our part in delivering the nation’s housing future.”
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