{"id":69585,"date":"2025-09-17T12:52:09","date_gmt":"2025-09-17T12:52:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/69585\/"},"modified":"2025-09-17T12:52:09","modified_gmt":"2025-09-17T12:52:09","slug":"ikea-enters-irish-housing-market-with-e73m-investment-in-dublin-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/69585\/","title":{"rendered":"Ikea enters Irish housing market with \u20ac73m investment in Dublin \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall b-it-article-body__text--left\"><a href=\"https:\/\/www.irishtimes.com\/tags\/ikea\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/ikea\/\">Ikea<\/a> is entering the <a href=\"https:\/\/www.irishtimes.com\/tags\/housing-crisis\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/housing-crisis\/\">housing<\/a> market in Ireland with a \u20ac73 million investment in 169 new homes in <a href=\"https:\/\/www.irishtimes.com\/tags\/dublin\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/dublin\/\">Dublin<\/a> 15.<\/p>\n<p class=\"c-paragraph paywall \">Ingka Investments, the group that owns Ikea, will provide the investment through Aurium Capital for the building of one, two and three-bedroom apartments and duplexes at the Rathborne Crossing development in Ashtown, Dublin 15.<\/p>\n<p class=\"c-paragraph paywall \">The new homes will be built by Castlethorn and will consist of 86 social homes and 83 apartments for sale on the open market. <\/p>\n<p class=\"c-paragraph paywall \">Dublin City Council will acquire the 86 social homes on completion, with funding from the Department of Housing.<\/p>\n<p class=\"c-paragraph paywall \">The 83 private sale units will avail of the Cro\u00ed C\u00f3naithe (Cities) Scheme, a Government grant to developers to fund the viability gap between the cost of building apartments and the price achievable on the open market.<\/p>\n<p class=\"c-paragraph paywall \">The first block of the development, located in Rathborne village, is expected to be completed in November 2026, with the final phase ready in 2027. <\/p>\n<p class=\"c-paragraph paywall \">In 2022, Ingka Investments announced it was committing \u20ac100 million to fund the development of more than 250 social housing units across the greater Dublin area.<\/p>\n<p class=\"c-paragraph paywall \">Upon completion, the new homes would be leased on a long-term basis to the relevant local authority.<\/p>\n<p class=\"c-paragraph paywall \">The Ingka Group said it would treat the rental payments it collects as mortgage repayments, allowing the transfer of all 150 homes to the local authorities at the end of the lease term at an estimated zero additional cost.<\/p>\n<p class=\"c-paragraph paywall \">\u201cThis project demonstrates the commitment to contributing to the communities in which it operates, aligning with the IKEA vision to create a better everyday life for the many people,\u201d a statement by Aurium Capital, Castlethorn, and Dublin City Council said.<\/p>\n<p class=\"c-paragraph paywall b-it-article-body__text--left\">Speaking at a launch event for the development on Wednesday, Minister for Housing <a href=\"https:\/\/www.irishtimes.com\/tags\/james-browne\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/james-browne\/\">James Browne<\/a> said the development was \u201cmade possible\u201d by the Cro\u00ed C\u00f3naithe Cities scheme. <\/p>\n<p class=\"c-paragraph paywall b-it-article-body__text--left\">\u201cDemand for homes delivered under this scheme has already been strong, with units in south Dublin and Cork seeing rapid uptake from homebuyers,\u201d Mr Browne said. <\/p>\n","protected":false},"excerpt":{"rendered":"Ikea is entering the housing market in Ireland with a \u20ac73 million investment in 169 new homes in&hellip;\n","protected":false},"author":2,"featured_media":69586,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73],"tags":[79,52,10539,784,18,19,48305,17,4770],"class_list":{"0":"post-69585","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-dublin","10":"tag-dublin-15","11":"tag-dublin-city-council","12":"tag-eire","13":"tag-ie","14":"tag-ikea","15":"tag-ireland","16":"tag-james-browne"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/69585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=69585"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/69585\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/69586"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=69585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=69585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=69585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}