Eoin Ó Broin
Question:29. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage if he will provide an update on the delivery of affordable homes in the Poolbeg strategic development zone, SDZ. [47296/22]
View answerWednesday, 28 September 2022
Questions (29)
Written answers
The regeneration of Poolbeg West is an important step in the transformation of the Dublin Docklands area, with the potential to provide for 3,500 homes. In June 2021 following a comprehensive international open market campaign, a consortium of Ronan Group Real Estate, Oaktree Capital Management, and Lioncor Developments (“the Consortium”) acquired a controlling 80% shareholding in the company which owns the glass bottle site. NAMA maintains a 20% minority interest. The development of the site will be undertaken by the Consortium.
A condition of the planning scheme, as modified by An Bord Pleanála on 9 April 2019 is the provision of 15% social and affordable homes on this site in addition to the 10% statutory social housing requirement under Part V arrangements.
On the 24th of March 2022, Dublin City Council approved an application for the first 570 residential homes at the former glass bottle site.
My Department remains committed to working with Dublin City Council, and the developers of the Poolbeg SDZ area to progress this site, subject to agreement on this and all the normal and relevant terms, including value for money aspects. Engagement and work is ongoing in this respect.
Question No. 30 answered with Question No. 9.