The Land Development Agency (LDA) has announced the planned delivery of 392 apartments in partnership with Quintain Ireland at The Crossings, Adamstown in west Dublin.
The scheme consists of 9 studios, 189 one-bedroom apartments, 185 two-bedroom apartments and 9 three-bedroom apartments across 3 blocks ranging in height from 5 to 9 storeys.
The LDA apartments are under construction and are due to be fully completed by 2026. They will then be rented to eligible households on a cost rental basis by the Agency.
The LDA apartments form part of the third phase of The Crossings at Adamstown. Quintain launched The Crossings, an urban village and retail centre, in September 2023 and the new development serves as the central core of the Adamstown Strategic Development Zone.
A social, community and retail hub, The Crossings will ultimately include 1,000 apartments and a wide range of shops and services. The development also features an urban park spread out over 2-acres with amenities including a 14-metre play train, soft play trails, biodiversity corridors, a large plaza space and outdoor seating.
The new apartments have been secured under the LDA’s Project Tosaigh initiative, whereby the agency steps in to provide the financial commitment needed to kick-start stalled or unviable housing projects. The LDA then makes the new homes available to renters on a cost rental basis or to purchasers at an affordable cost.
In this case, all the homes involved are going to be cost rental. This is a new tenure, which provides a secure, long term rental option at below market rates.
To be eligible for cost rental housing an individual or household must meet a number of criteria. Their net household income must be below €66,000 per annum for applicants for homes in Dublin or €59,000 per annum for those outside Dublin.
This is the first time that the LDA and Quintain have partnered together as part of Project Tosaigh. The development is being financed by AIB and the LDA will purchase the apartments on completion.
The LDA is in the process of delivering 8,000 homes through its Project Tosaigh initiative by 2028. These homes will be in addition to those delivered through the LDA’s direct delivery channel, which involves new developments on state-owned or acquired land. To date, the Agency has already agreed terms for almost 3,000 homes through Project Tosaigh with over half of these already delivered and others under construction.
The 392 cost rental units being built by Quintain in Adamstown form part of a larger 436-unit development with the remaining 44 apartments allocated for social housing.
All of the apartments will be A-rated and built to a high standard. The development is located in the heart of Adamstown near to schools, community amenities and shops including The Crossings Urban Retail Village, which features a Tesco and an Aldi store in addition to a number of other outlets.
John Coleman, Chief Executive of the LDA said:
“We are delighted to announce the purchase of 392 homes in Adamstown through our Project Tosaigh initiative. These apartments are being delivered in partnership with Quintain and once completed, will be made available to eligible households at rents that will be significantly below market rates. The LDA is continuing to deliver high quality homes in the right places, and Adamstown is a great location. It has great transport links, a thriving community and excellent amenities. These apartments will provide long-term, secure homes in a well-connected Dublin suburb.”
Michael Hynes, Chief Executive of Quintain said:
“We are excited to partner with the LDA on this apartment development, which we are delivering with finance supplied by AIB. We
believe this development will add greatly to the new village centre we have created at the heart of Adamstown. At Quintain, we seek to deliver new communities in addition to new homes and this is a vision we share with the LDA. Adamstown is well served by transport links, community facilities and new schools, so we are looking forward to completing the apartments for the LDA and welcoming yet more residents to this rapidly growing area.”
The LDA is the State’s affordable housing delivery body. It is in the process of delivering more than 10,000 homes on State-owned land and over 8,000 through the Government’s Project Tosaigh initiative.
The Agency has existing planning permission for around 6,000 affordable homes on State-owned lands with many projects already under construction and others at advanced planning stage.
In addition to the direct delivery of homes on state-owned or other acquired land, the LDA is overseeing Project Tosaigh, an initiative whereby the agency steps in to facilitate the completion of stalled or unviable housing projects and then makes the homes available to renters or to buyers as either cost rental of affordable purchase. Under Project Tosaigh, the
LDA is planning to deliver at least 8,000 homes by 2028 with a significant number of these already delivered.
The LDA produced the Report on Relevant Public Land, which advised the government of the potential to deliver 67,000 homes on 83 underutilised State-owned sites. The LDA also announced plans to purchase private sites with planning permission in the country’s five major cities.
The LDA’s direct delivery projects include the construction of 265 homes at St Kevin’s Hospital in Cork, a former HSE site, and the development of 597 homes in Shanganagh in Dublin in partnership with Dun Laoghaire Rathdown County Council.
It also includes 817 homes at a site at Castlelands in Balbriggan in Dublin, 345 in Hacketstown in Skerries in Dublin, 219 at Devoy Barracks in Naas, Co. Kildare, 852 on the former Central Mental Hospital site in Dundrum, Dublin 14 and 543 at St Teresa’s Gardens in Dublin’s south inner city in partnership with Dublin City Council.
In December 2023, the Agency purchased a major site in Clongriffin in Dublin, which has the potential to deliver 2,200 homes.
Project Tosaigh is an LDA initiative, whereby the Agency steps in to facilitate the completion of stalled or unviable housing projects and then makes the new homes available to renters on a cost rental basis or to purchasers at an affordable price.
The LDA has already launched a number of Project Tosaigh schemes. They include the release of 142 cost rental homes in Archers Wood in Delgany in Wicklow and the phased release of 95 homes in Parklands on Fortunestown Lane in Citywest in Dublin.
In January 2024, the LDA announced the release of over 600 cost rental homes in four locations including 247 at Barnwell Point Apartments in Hansfield in Dublin 15, 236 at The Quarter in Citywest, 86 in Dun Óir in Kilternan in Dublin and 52 in Harpur Lane in Leixlip, Co Kildare.
The Agency has also launched a number of affordable purchase Project Tosaigh developments. These include the phased launch of 92 homes in Clonmore in Mallow in Cork, 95 in Summerfields in Kilbarry in Waterford, 57 in Wilkinsons Brook in Hollystown, Dublin 15 and 50 in Baker Hall in Navan.
Quintain is Ireland’s largest privately owned housebuilder focussed on the development of large new residential communities with associated commercial amenities and green open spaces. The company has an established landbank across 5 distinct locations with excellent transport links, offering significant scale with capacity to deliver 8,000 new homes over the next 5 years. Quintain currently has 1,900 units under construction as well as significant commercial projects to include new village centres, a primary care centre and creches. The senior management team have extensive experience in the Irish market having been responsible for the development of over 2,000 residential units since inception. In 2023 Quintain closed 718 homes and 2 supermarkets with a total GDV of €323m. Adamstown is one of Dublin’s fastest growing suburbs. Quintain Ireland has delivered 1,800 homes in the area so far, making it the largest of the developers in this new suburb, which is expected to have 8,000 homes completed by 2027. A total of 279 apartments have already been delivered by Quintain in The Crossings with a further 176 due to be completed in June. Over 4,000 homes in total have already been delivered by developers in Adamstown with funding of over €1bn invested to date. For more information, please visit quintain.ie
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