Construction Ireland Construction Directory

Time and date

CONSTRUCTION DIRECTORY

Subscribe to our Construction newsfeed

Share this page

Construction News

31/07/2015

ISIF With KKR Credit Form €500m JV

The Ireland Strategic Investment Fund (ISIF) together with KKR Credit has announced the launch of a new €500 million joint venture (JV).

The JV will transform the funding options available to the Irish house building sector and will be capable of financing the construction of over 11,000 new homes in Ireland.

Activate Capital will focus exclusively on lending to Irish residential development projects.

-- Advertisement --

The lending platform will facilitate home-builders in engaging on medium/large scale housing schemes, delivering a material increase in housing supply.

The ISIF will contribute €325 million towards the joint venture, with KKR providing the remaining €175 million.

Minister for Finance Michael Noonan TD said: "Today’s launch of the joint venture between the Ireland Strategic Investment Fund (ISIF) and KKR Credit is good news for jobs, growth, potential house purchasers, and the construction sector.

"Activate Capital will be an important source of funding for increasing the supply of medium to large housing developments. It will invest in the development and construction of housing, with €500 million of financing, which will assist in normalising the sector and addressing the housing shortfall."

(LM)

News Archive

Latest Construction News

03/05/2024

Construction Work Begins On Primary School In Moira

Construction work has commenced on a new £9 million build at Rowandale Integrated Primary School in Moira. Funding from the Fresh Start Programme will facilitate the establishment of a new, modern primary school, with 14 classrooms and a nursery unit capable of accommodating over 340 ...

03/05/2024

€25m Greencastle Harbour Breakwater Opens

Minister for Agriculture, Food and the Marine, Charlie McConalogue T.D. together with Leas Chathaoirleach of Donegal County Council, Cllr Gerry McMonagle, has opened the Greencastle Harbour Breakwater. The 270-metre Breakwater aims to improve the protection of vessels in the harbour against wave ...

03/05/2024

Newcastle WwTW To Benefit From £3.5m Upgrade

NI Water has initiated a £3.5 million improvement programme at Newcastle Wastewater Treatment Works (WwTW). Murphy Dawson Wam JV is undertaking the project, which focuses on improving the three-stage treatment process at the current facility. This will entail installing new filtration gear and a ...

03/05/2024

Bennett Construction Achieves PC At Tristan Square Development

Bennett Construction has announced that it has achieved Practical Completion (PC) on the Tristan Square Development in Chapelizod, Dublin. The project includes the construction of 180 social and affordable apartments split in to one, two and three bed homes over three blocks. Each of the units are ...

03/05/2024

Microsoft Enters CPPA With SSE Renewables And FuturEnergy Ireland

SSE Renewables and FuturEnergy Ireland have revealed that Microsoft has committed to a lengthy Corporate Power Purchase Agreement (CPPA) with the co-developers. This agreement will inject 30MW of wind energy into Ireland's power grid through the recently launched Lenalea Wind Farm, located near ...

03/05/2024

Farrans Scoops Three Considerate Constructor Scheme Awards

Farrans has announced that it has collected three awards, including one Gold, at the Considerate Constructor Scheme's National Awards. The CCS National Awards honour outstanding sites, organisations and people who show exceptional commitment to the Code of Considerate Practice in Community, ...

03/05/2024

GRAHAM Starts Work On £59m Edinburgh Development

County Down headquartered GRAHAM has started construction work on a new £59 million low-carbon development in Edinburgh. The Burnet Point scheme in Abbey Lane which combines student flats, build-to-rent and affordable homes is the first-ever mixed-use residential development of its kind by Unite ...

03/05/2024

Housing Association's Pledge To Cut Carbon Emissions Welcomed

Alliance's Housing spokesperson, Kellie Armstrong MLA, has welcomed the NI Federation of Housing Associations (NIFHA) commitment to reduce carbon emissions in social homes and combat climate change. Housing associations are currently in the process of developing a scheme set to launch this autumn. ...

03/05/2024

Fibrus Exceeds 80,000 Customer Milestone

Fibrus has announced that it has exceeded its 80,000 customer milestone, as it gains over 50,000 customers in just one year. The broadband provider burst on to the scene to transform the digital infrastructure of rural and regional areas of Northern Ireland and has shaken up the market due to its ...

03/05/2024

Infrastructure Minister Backs 'No Mow May'

Infrastructure Minister, John O'Dowd, has announced his support for the 'No Mow May' approach to help promote biodiversity on the roadside during this month. The Department for Infrastructure oversees the maintenance of 45,000km of grass verges along the road network. In recent years, it has been ...