Kajima, the global real estate business, has secured a green finance loan from Allied Irish Bank for a 258-home residential scheme in Belmayne, Dublin. The €100+ million scheme will be delivered by a joint venture between Kajima and Bartra.
With funding secured, Kajima and Bartra have also appointed John Sisk & Son as design and build contractor for the project, with work to start imminently.
The scheme, which is named O’Neill Court, received planning permission last year and is set to achieve LEED Gold standard for sustainability (Leadership in Energy and Environmental Design, U.S. Building Council). As part of the plans, and working with an Approved Housing Body, 50 homes will be available for social residents with the remaining 208 homes provided for private rental.
The development will comprise a mix of one-, two- and three-bed homes, as well as more than 500 sqm of residential amenity facilities including a fully equipped gym, media room, workstations, parcel reception, concierge and relaxation area. The development will be WiredScore certified, which means it will have excellent internet connectivity. The homes will be suitable for both professionals and families looking for suitable suburban living that remains close to the city centre, as the site is supported with strong infrastructure connections as well as local amenities.
Designed by McCrossan O’Rourke Manning Architects, the scheme consists of three buildings, up to seven-storeys. These will surround two podium gardens that provide high quality landscaped green spaces for residents and play areas for children. The gardens sit above accessible parking including 400 bicycle parking spaces, with all car parking spaces being electric vehicle parking compatible. On the ground level, further trees and planting will be delivered to create an attractive new streetscape, which links the site to the nearby quality bus corridors and rail station.
The site is situated in the northern Dublin suburb of Belmayne, close to Northern Cross in the north fringe business district, around 15 mins from Dublin airport and 30 mins to Dublin central business district via public transport, from the nearby Clongriffin train station. The site is part of a wider local authority masterplan area with adjacent similar developments already completed and sits directly to the north of the new Belmayne Main Street extension.
Bartra has also been appointed as development and project manager and has been operating in this remit since last year. Site enabling works have been delivered by Coffey Construction. Dillon Marshall have been appointed as lettings and property managers and Hooke and MacDonald will act as selling agents. Advisors to Kajima and Bartra on the transaction include EY Debt Advisory, LK Shields, JPA Brenson Lawlor, Linesight, AON, Aecom and HRA Planning. The design team includes Horgan Lynch, IN2 Engineering, Daire Byrne & Associates, Cunnane Stratton Reynolds, Traynor Environmental Limited, Building Engineering Technologies, Sweco, Ashview Consultants, Let’s Furnish and KSN PM.
Construction is expected to be complete in mid-2025.
