Lioncor to secure €92m from sale of Bray new homes scheme

Irish housebuilder Lioncor is on course to secure about €92 million from the sale of hundreds of new homes it is developing in Co Wicklow, to approved housing body (AHB) Co-Operative Housing Ireland.

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

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

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

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

While the homes at Kilruddery Glen are due to be occupied in the new year, Lioncor have already delivered the first NZEB (nearly zero energy building) certified supermarket in Ireland on the site which is operated by Pettitt’s SuperValu along with a creche, pharmacy and a veterinary practice. The development also features a new green route and an amenity area.

Commenting on the sale of Kilruddery Glen, Lioncor CEO John Maxwell said: “This development is set to become a new home to 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.”

The chairperson of Co-operative Housing Ireland, Pearse O’Shiel, said: “Kilruddery Glen will be our largest development to date and is indicative of the enhanced role Co-operative Housing Ireland is playing in responding to the national housing need. Families will not just move into a new home they will become members of their local co-operative, whereby they will be contributing to their local community.”

Wicklow County Council welcomed the assistance of Lioncor, Co-operative Housing Ireland and its own housing directorate in securing Kilruddery Glen for social housing.

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