Homebuilder Lydon is delivering 70 age-friendly/ independent living new homes in Summerhill, Co Meath and 114 new homes in Naas Co Kildare.
Established 1978, Lydon is one of Ireland’s largest independent homebuilders.
With almost 50 years’ experience and more than 5,000 new homes built, Lydon has a strong track record delivering residential developments in Ireland.
“Supporting the supply of new homes on high quality ESG schemes is a strategic priority for the Group and this latest transaction has provided Bank of Ireland with an opportunity to deliver on this priority”
Lydon is developing Talbot Retirement Village in Summerhill, Co Meath, as well as building 114 new homes in Naas, Co Kildare.
“We’re delighted to once again partner with Bank of Ireland on these two important developments,” a spokesperson for Lydon said
“Their continued support and understanding of our long-term vision have helped us to move forward with confidence in delivering homes that will make a real difference to the communities in Summerhill and Naas. This partnership reflects the trust, collaboration, and shared commitment that underpin everything we do.”
Building a better future
Brian Gaffney, Head of Residential and Development Finance, Corporate & Commercial Banking at Bank of Ireland, said that the latest project with Lydon aligns with the Bank’s determination to play its part in supporting the delivery of quality housing.
“The project aligns Lydon and Bank of Ireland’s commitment to sustainability by committing to deliver environmentally responsible low-impact developments. Each unit will be constructed to a minimum BER A3 Rating.
“Supporting the supply of new homes on high quality ESG schemes is a strategic priority for the Group and this latest transaction has provided Bank of Ireland with an opportunity to deliver on this priority. In addition, around 10% of total units will also be apportioned towards the provision of much needed Social Housing.”
The news comes on the heels of Bank of Ireland revising its home building target upwards from currently 24,000 homes across 220 sites in 22 counties to 30,000 homes through debt and equity finance.
In addition to the new housing target, Bank of Ireland is also convening a group of key housing market stakeholders – drawn from homebuilders, equity investors, representative bodies, and professional services – to consider ways in which the private sector can further increase housing supply responsibly.
Bank of Ireland CEO Myles O’Grady said: “We all have a responsibility to investigate every angle to accelerate housing supply and collaboration is key to this.
“At Bank of Ireland, our purposeful role to support Irish society and the Irish economy is clear. We will play our part in helping solve this issue and will challenge ourselves to do more.”
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