CRH has now completed the third phase of its share buyback programme, returning a further €100 million of cash to shareholders (the ‘Phase 3 Programme’). Between 27 November 2018 and 21 December 2018, 4.1 million ordinary shares were repurchased on the London Stock Exchange. This brings total cash returned to shareholders under the ongoing €1 […]
Construction
John Sisk & Son (Sisk), Ireland’s leading provider of construction services, and Designer Group, the Dublin headquartered, international electrical and mechanical engineering business, have agreed to form a joint venture. Subject to approval from the Competition and Consumer Protection Commission, Sisk will acquire, for an undisclosed consideration, a 50% holding in Designer Group’s Facilities Management business, a […]
The Irish Whiskey Association (IWA) has welcomed the decision by An Bord Pleanála to grant planning permission, on appeal, for the development of twelve Irish whiskey maturation warehouses at Moyvore, County Westmeath, to be developed by Vault Storage Ltd. The proposed facility will have the capacity to hold 200,000 casks of whiskey in maturation.
The proposed development had […]
Lidl has completed the installation of energy-saving solar panels at its recently opened Nenagh store adding a further investment of €130,000 in renewable energy. The newly installed solar panels will produce 120,000 kilowatt hours of energy from a sustainable resource annually which is equivalent to meet the electricity requirements of 28 homes and reduces the […]
Leading rapid-build home manufacturer FastHouse has announced the completion of its contract to provide and erect the timber frames for 466 lodges at the highly anticipated Center Parcs in Longford in under nine months. This comes as FastHouse confirms significant investment to bring its full range of services to the Irish house building market. In […]
A major shift in Irish construction practices is urgently required to safeguard the sustainability of the sector into the future, according to Guaranteed Irish, the not-for-profit business membership organisation championing 500+ homegrown and international businesses in Ireland. Guaranteed Irish recently hosted a roundtable discussion with members and other key decision-makers in the Irish construction, manufacturing, […]
Propertybridges.com, Ireland’s new peer to peer lender to the property development marketplace, has just successfully fulfilled its first loan. Over 100 lenders piled into the 250k loan for a new mews build in Sandycove, County Dublin and supported the small developer as well as made 8.5% return for themselves. The whole process took less than […]
Following the landmark sale of his materials business to Breedon plc in April 2018, Kevin Lagan (pictured) has outlined his plans for the targeted and sustainable growth of his retained companies, Lagan Homes, FastHouse and a new investment arm, Lagan Investments. Kevin, who has been the driving force behind one of Ireland’s most successful construction […]
Flynn, one of Ireland’s leading contractors and fit out specialists, is adding 50 new jobs to its current workforce over the next two years. This will bring its headcount to a total of over 200 by 2021.
These jobs will be based across its Irish operations and in the company’s London office. The new roles will […]
daa has awarded the main construction contract for Dublin Airport’s new North Runway to a joint venture comprising Irish firm Roadbridge and Spanish infrastructure company FCC Construcción (FCC). The contract is for the design and construction of the new 3.1 km North Runway at Dublin Airport. Mobilisation and preparatory site works will begin immediately, and […]
PropertyBridges.com – a new Irish owned peer to peer property development company – has opened for business and has launched Ireland’s first peer to peer property development investment opportunity. The PropertyBridges.com platform will raise money for small developers, small construction companies and private companies looking to develop housing and match them with thousands of lenders […]
Efectis is establishing a new business in Northern Ireland, offering fire testing services to UK and Ireland based manufacturing businesses who are servicing the construction sector. Seven new roles will be created as part of Efectis’ investment, which is locating at Ulster University’s Fire Safety Engineering Research and Technology Centre in Jordanstown.
Welcoming the investment, Invest Northern Ireland’s […]
Following the award of school building contracts to Western Building Services after fire defects had been identified, ISME, the Irish SME association, has expressed concern with how public works contracts are granted to the lowest cost tenderers.
Commenting on Western Building Services investigation, ISME Vice Chair Ross McCarthy noted: “While we do not know the details surrounding structural safety […]
Kingspan Group, a global leader in high performance insulation, building fabric, and solar integrated building envelopes, has joined over 370 companies worldwide in committing to the Science Based Targets Initiative (SBTi) to reduce greenhouse gas (GHG) emissions. The initiative is a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon […]
Work has commenced on a new €100 million distribution centre and regional headquarters for Lidl in Newbridge, County Kildare. The new facility, which is a key part of Lidl Ireland’s €200 million investment programme for 2018, will cost €100 million and is expected to be completed by November 2019.
This project represents Lidl’s largest single investment […]
Breedon Group, a leading construction materials group in the UK and Ireland, has reported revenue of £378.4 million for the six months to 30 June 2018, up from £326.3 million in the corresponding period of 2017. Underlying earnings before interest and tax (EBIT) increased by 17% to £42.0 million. However, excluding acquisitions, both revenue and […]
Glenveagh Properties, a leading Irish homebuilder listed on Euronext Dublin and the London Stock Exchange, has reported revenue of €1.3 million for the first half ended 30 June 2018, relating primarily to the closing of six 2 & 3-bed starter homes in the Greater Dublin Area, as well as rental income from a number of […]
Kilsaran International are taking the hugely successful Essential Learning Series suite of technical seminars to the road with events to be held at the Aviva Stadium on September 25th and Fota Island Resort in Cork on October 17th 2018. These free one day events will appeal to construction professionals who want to gain a clearer […]
Engineering business KME Steelworks is expanding its workforce in Lisburn to help leverage the growing opportunities which exist for its precision engineering sub contract services and precast concrete mould products globally. KME is a leading provider of sub-contract services to a wide range of equipment manufacturers. It is also recognised as a main supplier of bespoke steel […]
Impacted by severe and prolonged winter weather conditions early in the year, CRH plc has reported sales of €11.9 billion for the first half of 2018 – ahead by 1% on the same period last year and up 2% on a like-for-like basis. In Europe, like-for-like sales growth of 1% reflected continued recovery in some […]
A call for stamp duty to revert to 2pc to enable more aspiring first-time buyers acquire once off sites to build homes has been called for by IPAV, the Institute of Professional Auctioneers & Valuers, which says last year’s hike from 2pc to 6pc is adversely affecting the cost of a new house for first-time buyers. Launching its […]
Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a number of key convention destinations including Rome and Amsterdam. The event, which will take place over the course of two days in the Convention Centre Dublin next June, is expected to generate up to €5 […]
A Dublin City Council-owned site at Emmet Road in Inchicore, has been selected as the location for Dublin’s first major Cost Rental development. It is expected that the detailed proposal for the site will be brought before the Council in September for approval.
It is envisaged that delivery will be overseen by a dedicated project team […]
L&M Keating are the first construction company to successfully achieve accreditation for their commitment to employee wellness, safety and health by being awarded The KeepWell Mark by Ibec, Ireland’s largest and most influential business representation organisation.
The KeepWell Mark is a new national accreditation developed by Ibec that recognises organisations who put the wellbeing of employees […]
Glanbia Cheese, the joint venture business between Glanbia plc and Leprino Foods, plans to build a new, world-class mozzarella cheese manufacturing facility in Portlaoise, County Laois, Ireland. A site for the new facility has been identified at the recently established Togher National Industrial Estate in Portlaoise. A total of €130 million will be invested in […]
Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo . GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked […]
TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and […]
The new UK Government hub planned for New Waverley in the heart of Edinburgh’s Old Town, which is being constructed by Northern Ireland-based design and build company McAleer & Rushe, has reached a significant milestone with the official ‘Topping Out’ of the office scheme. The project which is transforming a UNESCO Heritage site, in one […]
Eoghan Murphy TD, Minister for Housing, Planning & Local Government; Paschal Donohoe TD, Minister for Finance, Public Expenditure & Reform; and Lord Mayor of Dublin, Nial Ring have turned the sod for the development of the first phase in the Regeneration of O’Devaney Gardens in Dublin. The first phase will deliver 56 social homes with […]
John Sisk & Son (Sisk), the innovative, engineering and construction company with extensive operations across Ireland, the United Kingdom and mainland Europe, has reported a strong outcome for its 2017 financial year in both profitability and business development.
Although turnover decreased by 5% to €792.2 million for the year ended 31 December 2017, pre-tax profit increased […]
PM Summit, Ireland’s most diverse conference for project, programme and portfolio management professionals, has announced the results of a new survey which reveals that failed projects cost Irish companies on average €580,000. The research, which involved 407 project management professionals in Ireland from a broad range of sectors and was carried out with the assistance […]
The Saint-Gobain Ireland Technical Academy has announced that it is adding to its existing training portfolio by launching a series of nZEB modular courses. Starting this July, these innovative nZEB courses will offer those working in construction in Ireland a chance to up-skill, free of charge, in an increasingly regulated area of the construction industry.
The European […]
Ibec, the group that represents Irish business, has launched a new national campaign – Better Lives, Better Business championing new policies across four key pillars – housing, infrastructure, planning and sustainability. Better Lives, Better Business is a campaign that aims to make Ireland a better place to live and to work so that Irish businesses can more effectively attract […]
Northern Ireland-based developer and contractor McAleer & Rushe has been awarded the prize for ‘International Project of the Year’ at the Irish Construction Industry Awards for Global Student Accommodation’s 1000-bed Catherine House scheme in Portsmouth. The awards, now in their fifth year, recognise companies which demonstrate excellence and innovation in Ireland’s construction industry. McAleer & […]
College Group is to invest €10 million in building a new renewable energy facility producing biofuel from used cooking oil and animal fats in north County Meath. The investment is supported by the Irish government through Enterprise Ireland. The new 25 million litre purpose-built plant will be set on a 47.5 acre site and will […]
CRH plc has received regulatory approval for its proposed $3.5 billion acquisition of Ash Grove Cement Company, from the US Federal Trade Commission. Ashe Grove is a leading US cement manufacturer headquartered in Overland Park, Kansas.
Ash Grove operates eight cement plants across eight US states, combined with extensive ready mixed concrete, aggregates and associated logistics […]
According to the latest CSO figures, the volume of output in building and construction increased by 7.4% in the first quarter of 2018 when compared with the preceding period. This reflects increases of 5.6%, 5.5% and 1.1% respectively in the volume of residential building work, non-residential building work and civil engineering work. The change in the […]
The current housing market is failing our younger generations, according to Ella Dunphy (pictured) of DNG, who recently became the first woman President of IPAV, the Institute of Professional Auctioneers & Valuers. She was speaking at the organisation’s AGM and annual conference at the Lyrath Estate Hotel, Kilkenny.
“It’s a market where those with the greatest […]
The Royal Institute of the Architects of Ireland (RIAI) has announced the winners of 2018 RIAI Architecture Awards. The awards, held recently at a ceremony in Dublin’s Mansion House, recognise the quality of work carried out by RIAI members in 2017 and highlight the contribution that Irish architects make to society for everyone’s benefit.
Now in their 29th year and […]
Responding to the latest CSO house price figures indicating continuing house price growth of 12.1% in the year to March in Dublin and 13.4% elsewhere, Brokers Ireland has warned that unless supply of properties ramps up more quickly in the near future a whole generation now in their late twenties and thirties, and even beyond, […]
Ireland’s robust economic performance coupled with the ongoing recovery in the housebuilding sector are driving strong growth in the hardware sector. Despite the severe weather in the early part of the year the hardware industry, including retail, wholesale and manufacturing, is now responsible for direct employment of 19,000 and an overall economic contribution of €377 […]
As it marks 30 years of business, Specialist Joinery Group is recruiting 52 additional staff as part of a multi-million pounds investment. The investment included a major extension to its factory in Maghera which now spans three acres.
The bespoke joinery and fitted furniture manufacturer is expanding its workforce to help grow its business in Great Britain and Europe. […]
“The Irish economy is firmly back on its feet,” according to Loretta O’Sullivan, Group Chief Economist at Bank of Ireland. “Consumer spending is just above its previous peak and will be an important driver of growth going forward.”
The improvement in consumer confidence is being fuelled by rising employment as the economy continues to create jobs. […]
“How do you intervene in a market that is out of balance? We have a lot of policies but implementation is vital,” remarked David Duffy, Director of Property Industry Ireland, the Ibec group that represents the sector, when assessing the issue and challenges facing Ireland’s housing market, where the growth in supply is lagging behind […]
John Sisk & Son, Ireland’s largest construction company, has become the first Irish business to join global energy efficiency initiative EP100. As part of its EP100 membership commitment, Sisk has pledged to double its energy productivity within 25 years, joining companies such as Schneider Electric, Johnson Controls, Danfoss and H&M in demonstrating climate leadership by reducing energy use.
Supported by The Climate Group, which leads EP100 in partnership with the Alliance to […]
By 2040 the population of the Republic of Ireland will have reached 6 million, according to Eoghan Murphy TD, the Minister for Housing, Planning and Local Government. He added: “Where are these people going to live and how will they live?”
The Minister was the opening speaker at the 2018 National Construction Summit, which was held […]
“All housing, not just for first time buyers, needs to be affordable. This means lower prices in Dublin and surrounding counties, which will bring down rents,” pointed out Colm McCarthy, Economist at University College Dublin, during the recent 2018 National Construction Summit.
Colm McCarthy was a main speaker at the event, where he presented his ‘plan […]
Blockbusters Environmental Services recently recruited six new staff with support from Invest Northern Ireland and has now won a new contract in Great Britain as a result. The company will be providing its specialist drainage and environmental services to an award-winning UK construction and fit-out contractor for its London based construction projects.
Speaking about the company’s […]
Time is running out to register to attend the 2018 National Construction Summit being held this Wednesday (2nd May) at the Citywest Convention Centre, Dublin. The event is expected to attract more than 2,000 visitors from across the country. Now in its fourth year, the annual National Construction Summit has become firmly established as an […]
Ecocem Ireland and Ecocem GB have launched a new brand. Ecocem is Europe’s largest independent specialist producer of GGBS (Ground Granulated Blastfurnace Slag) cement with a capacity of 2.4 million tonnes. Significant developments in the organisation have seen a growing interaction across its operating regions in Ireland, Holland, France, UK and Sweden, as well as the […]
Eoghan Murphy TD, the Minister for Housing, Planning and Local Government, will make the opening address at the 2018 National Construction Summit, being held on Wednesday, 2nd May at the Citywest Convention Centre, Dublin.
The 2018 National Construction Summit is expected to attract more than 2,000 visitors, from across the country. The Minister for Housing, Planning […]
The Carbon Trust has announced the launch of BLUE PILOT, a large-scale demonstration project aimed at reducing costs and underwater noise during construction of offshore wind farms as part of the Offshore Wind Accelerator (OWA). The BLUE PILOT project will deploy The BLUE Hammer, a new type of pile driver developed by Fistuca BV, a Dutch […]
Dún Laoghaire-Rathdown County Council has agreed a Capital Expenditure Programme of over €742 million. The Three Year Capital Programme 2018-2020 will deliver a considerable number of infrastructural and housing projects that are of strategic importance to the County and the Region from both a social and an economic perspective. This will shape the development of […]
Fine Grain Property, an Irish-Singaporean commercial property vehicle, is investing €35 million in a new office development for 400 staff at a Limerick business park used by IDA Ireland to attract technology multinationals.
The new four-storey development at the IDA National Technology Park in Plassey, 6km from Limerick city centre, will take 12 months to construct, Fine Grain […]
New Year, new acquisition! Fine Grain Property is delighted to announce it has acquired a 60,000 square feet office development in Cork Airport Business Park. Plans are already afoot to carry out some important improvements to the Building that will benefit its existing tenants, including Aviva, Aon Hewitt, JLT and Genesis. In addition, a significant […]
A survey by the Construction Industry Federation (CIF) has found that on average approximately only 1 out of 10 construction workers are female. The survey found that on construction sites 99% of workers are male, whilst offsite, 54% are male and 46% are female. Of those women working in construction roles considered ‘offsite’ the majority […]
The Government has published the sixth annual progress report and seventh housing survey on tackling the issue of unfinished housing developments. This reveals a 91% reduction in the unfinished developments since 2010 from almost 3,000 to 256. 2017 saw the resolution of 165 developments.
The report includes the results from the 2017 National Housing Development Survey […]
Global building materials group CRH has reported another year of profit growth with margins and returns ahead in all its American and European Divisions. Sales at €27.6 billion were 2% ahead of 2016 and like-for-like sales were also up 2%. EBITDA rose by 6% to €3.3 billion and by 3% on a like-for-like basis. Group […]
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