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Kajima broadens portfolio with acquisition of site in the Irish private residential market

Monday 15 November 2021

Kajima enters the Irish private residential market to deliver 260 build-to-rent homes.

Kajima have marked entry into the Irish private residential market with acquisition of a 34.5-acre site situated in the northern Dublin suburb of Belmayne. The project will deliver 260 build-to-rent homes, consisting of private, social and affordable rentals. The development is located in the north fringe district with easy access to the central business district and will be suitable for both professionals and families looking for suburban living, close to the city centre.

The site will consist of 108 one-bed, 123 two-bed and 17 three-bed homes, with over 500 sqm of residential amenity facilities, including a gym, media room, workstations, parcel drop-off, concierge and relaxation area. Designed by McCrossan O’Rourke Manning Architects, the development will consist of six cores within three buildings, up to seven-storeys which will surround two high-quality podium gardens and accessible parking including 400 bicycle parking spaces. The ground floor will allow for further trees and planting, with homes facing directly onto a new attractive main street, and links to a nearby rail station.

Dwayne McAleer, Managing Director at Kajima said: “We’re thrilled to make our first entry into Ireland’s private residential sector, a market that excites us with strong growth potential. Belmayne will be the perfect place for families and professionals alike who are seeking high-quality homes in a well-connected Dublin suburb.

“This acquisition is a great demonstration of Kajima’s ability to fund landmark developments using its own equity, which will make us a unique player in the market. In the near future, we are looking forward to expanding our presence in the country and adding further assets to our portfolio.”

Kajima plan to commence work on construction in April 2022 and aim for completion by mid-2025.