Thursday, August 28 10:46:52
Property investment group, Hibernia REIT, this morning said it has appointed builders to complete a Dundrum apartment block with a price tag of under E25m.
Hibernia said it has entered a contract with JJ Rhatigan and Company (JJR) for the fit-out and completion of Hibernia's 213 partially-completed apartments in Block 3, Wyckham Point, Dundrum, Dublin 16.
JJR will begin working on site immediately with a construction team growing to approximately 160 people working on the project.
It is expected that the first apartments will be available to let by mid-2015 and that the project will be fully completed by the end of 2015. The total cost to complete the apartments is expected to be less than E25m.
Kevin Nowlan, Chief Executive Officer of WK Nowlan REIT Management Limited, the Investment Manager, said: "We are delighted to have signed contracts with a contractor of the calibre of JJ Rhatigan and Company for the completion of Block 3, Wyckham Point. When finished, these apartments will offer some of the best multi-family accommodation in Ireland and we will be bringing these units to the market at a time when residential accommodation in Dublin is in short supply."
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