Tuesday, 08 December 2015 16:45

NAMA plans to build residential and commercial properties in Dublin Featured

Rate this item
(0 votes)

The National Asset Management Agency (NAMA) plans to build commercial property and twenty thousand residential properties over the next 5 years. NAMA hope to deliver 3.8 million square foot of commercial property in Dublin’s docklands.

The NAMA chairman, Frank Daly, said that the proposed building programme will result in higher profit for tax payer. It is estimated that the residential building project will require €5.6 billion in funding with NAMA saying that funds from completed projects will be used to fund new commercially viable projects. NAMA say that their residential programme will focus on starter homes for first time buyers and would also include social housing.

There are circa 1,405 housing units currently under construction under the NAMA plan and they are being built in Dun Laoghaire, Swords, Ballycullen.Kncklyon, Baldoyle/Clongriffen, Stepaside/Foxrock, Pelletstown/Ashtown and Castleknocn/Diswellstown.

It is estimated that the commercial building programme will require €1.9 billion in funding. It is proposed that the commercial programme will be a mix of retail space, restaurant space, hotel space and student accommodation. The commercial building will be focused in the Dublin Docklands which is part of a strategic zone, where fast track planning permission is available.

Get in Touch

Sign Up To The Newsletter

You may unsubscribe from our Newsletter at any time

David Walley + Co will not share your contact details or email address with any third party.

Call Me Back

Need Advice, or Information


Call us now on 01 836 3655
or request a call back

Contact Us

David Walley + Co.
Solicitors, Notary Public, Commissioners for Oaths

54 Amiens Street,
Dublin 1

T: +353 1 836 3655
E: info@dwalleysol.com

© 2015-19 David Walley + Co. All Rights Reserved. Website Designers Cube Creative

Call us now on 01 870 0370
or request a call back