Construction activity accelerated in February, driven by the housebuilding segment of the sector, according to a new report. The Ulster Bank Construction Purchasing Managers’ Index rose to 60.5 in February on a seasonally adjusted basis, marking a seven-month high, from 54.6 a month earlier, according to the bank. A readin… Read More
A Government-appointed expert group has warned about the impact of “excessive cost inflation” in the construction sector, which it describes as a “key risk” for 2019. The report, from the public-private Construction Sector Group (CSG) also warns of the upward march of labour costs, an impending tightening in the supply … Read More
The rise of internationally traded services – a consequence of shifting global consumption patterns, the internationalisation of business processes and more sophisticated accounting practices within multinationals, has led to the presence in Dublin of outward-facing corporations whose activities are decoupled from the size of … Read More
Echelon Data Centres, a recently launched Irish company, has been granted planning permission for a €500 million data centre on Co Wicklow. Permission was granted for the company’s planned 45,000sq m (485,000 sq ft) facility in Arklow that will have a capacity of up to 100MW. The centre will create 450 construction jobs … Read More
Builders are struggling to hire skilled workers in key trades, hitting their ability to finish houses and infrastructure on time, a new study shows. A Construction Industry Federation (CIF) survey has found that almost nine out of every 10 companies have difficulty recruiting skilled workers. The federation says that there i… Read More
The Department of Health considered plans to deferring parts of the new national children’s hospital including the helipad, outsourcing the kitchen and part of the pathology department, to save money due to cost overruns. The overspend on the hospital, the cost of which could ultimately exceed €2 billion, and … Read More
Irish construction groups experienced solid but slower growth in January as the industry grappled to deal to meet demand for housing. The latest Ulster Bank Construction Purchasing Managers’ Index (PMI), which tracks activity, fell to 54.6 last month but remains well above the 50 mark that delineates expansion from contrac… Read More
Construction activity in the Dublin City Council area continued to increase across the residential, office and hotel sectors during 2018 as development sentiment remains strong, a new survey shows today. Deloitte's latest Dublin Crane Survey captures the development of new schemes and the significant amount of refurbishment, … Read More
Pretax profits at Bennett Construction increased by 7 per cent last year to €8.3 million as sales rose sharply. Accounts filed by Bennett (Construction) Ltd show that the Co Westmeath-based business saw turnover jump 38 per cent to €283.57 million in the 12 months to the end of March last. The directors said they believe… Read More
Developer Hines has received planning permission for 146 apartments at the Cherrywood development in Dublin in addition to the 1,269 apartments already approved and under construction. Located close to the Cherrywood Town Centre and the new Tully Park, the development of new apartments includes parking spaces for 189 cars and 1… Read More