The Land Development Agency is to deliver 392 apartments in partnership with Quintain Ireland at The Crossings, Adamstown, in west Dublin.

The scheme consists of nine studios, 189 one-bedroom apartments, 185 two-bedroom apartments and nine three-bedroom apartments across three blocks ranging in height from five to nine storeys. The project is under construction and is due to be complete by 2026.

The announcement comes after the Central Statistics Office revealed in April that there were 5,841 new dwelling completions during January, February and March, a fall of 12.1% compared to the same three months of 2023.

The latest CSO figures showed that apartment completions were down by nearly a third, at 1,603, reflecting in part the impact of higher interest rates on investment funds, which have driven much of Dublin’s apartment development.

At Adamstown, the LDA apartments will be rented on a cost rental basis and form part of the third phase of The Crossings at Adamstown. Quintain launched The Crossings, described as an urban village and retail centre, in September, and the new development will be the core of the Adamstown Strategic Development Zone.

The Crossings will ultimately include 1,000 apartments and a social, community and retail hub, which includes Tesco and Aldi stores. The development also features a 2-acre urban park with a 14-metre play train, soft play trails, biodiversity corridors, a large plaza space and outdoor seating.

The new apartments have been secured under the LDA’s Project Tosaigh, and it is the first time the LDA and Quintain have partnered as part of the scheme, with the development financed by Allied Irish Banks. The LDA will purchase the apartments upon completion.

The 392 cost rental units being built by Quintain in Adamstown form part of a 436-unit development, with the remaining 44 apartments allocated for social housing.

Meanwhile, the LDA and Limerick City and County Council have announced plans to deliver 183 affordable purchase and social-rental homes in Mungret, County Limerick.

The development includes 183 houses and duplexes, as well as new public amenities and green spaces. The council has already secured planning permission for 252 homes at the greenfield site, and the LDA is partnering with the local authority, providing infrastructure, expertise and resources to build 181 of the homes for affordable purchase.

The LDA is preparing the tender process for a contractor, with construction likely to begin on-site before the end of the year. The project is expected to be completed within three to four years, with a phased handover of units.