Lioncor to get €92m from sale of Bray’s new home scheme

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Irish homebuilder Lioncor is set to secure around £92m from the sale of hundreds of new homes it is developing in Co Wicklow, to accredited housing body (AHB) Co-Operative Housing Ireland .

Located on the Southern Cross Road near Bray, Kilruddery Glen is expected to comprise 208 A-rated homes.

Although the proposed price equates to an approximate average of €442,307 per unit, the development will have a mix of housing types. Due for completion by the end of this year, the scheme will consist of 30 houses, 18 duplexes and 160 apartments distributed across four blocks.

The Co-Operative Housing Ireland acquisition is supported by Wicklow County Council with funding provided by the Housing Finance Agency and the Department of Housing, Local Government and Heritage.

The 208 units will be used to accommodate households currently on Wicklow County Council’s waiting list. Co-operative Housing Ireland will own and manage the development.

With homes in Kilruddery Glen set to be occupied in the New Year, Lioncor has already delivered Ireland’s first NZEB (near zero energy building) certified supermarket on the site operated by Pettitt’s SuperValu with a crèche, pharmacy and a veterinary practice. The development also includes a new greenway and amenity area.

Commenting on the sale of Kilruddery Glen, Lioncor CEO John Maxwell said: “This development is set to become a new home for many families young and old and we are delighted to have partnered with Co -operative Housing Ireland and Wicklow County Council to ensure this. much needed project is delivered for the people of North Wicklow. The development caters to all members of the community with a mix of one, two, three and four bed A rated homes.

Co-operative Housing Ireland Chairman Pearse O’Shiel said: “Kilruddery Glen will be our biggest development to date and is a testament to the increased role Co-operative Housing Ireland is playing in meeting national housing needs. Families will not just move into a new home, they will become members of their local cooperative, allowing them to contribute to their local community.

Wicklow County Council has welcomed the help of Lioncor, Co-operative Housing Ireland and its own Housing Authority to secure Kilruddery Glen for social housing.

They noted that other delivery streams of new units for social housing provision were well advanced both through Part V units on new developments and units delivered in partnership with housing bodies. approved accommodation.

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