Quintain launches Irish subsidiary to develop more than 9,000 homes

Quintain launches Irish subsidiary to develop more than 9,000 homes

25 Oct 2019

  • Will oversee 460 acres of prime development land in Ireland
  • Led by experienced Irish management team, Eddie Byrne and Michael Hynes
  • Assets will make Quintain the third largest residential developer in Ireland

Quintain Limited has established a subsidiary in Ireland with plans to develop more than 9,000 new homes and 600,000 sq. ft of commercial space. The newly incorporated business, known as Quintain Ireland, will be responsible for the residential development of over 460 acres of prime assets in Ireland at Adamstown, Clonburris, Portmarnock, and Cherrywood. All these sites are owned by affiliates of Lone Star Funds and will be managed directly by Quintain.

The business will launch with an experienced 12-person team focused solely on Ireland, jointly led by Eddie Byrne and Michael Hynes. The Quintain team in Ireland is expected to grow to over 25 next year and will manage a range of local construction partners. The Irish team will be fully integrated with the wider London-based team.

Quintain will be resourced to replicate in Ireland the parent company’s strong record of delivery in London.  The existing Irish portfolio, covering over 460 acres, will make Quintain the third largest residential developer in the country. Adamstown can accommodate approximately 5,000 homes across 220 acres of land, with further land at the neighbouring Clonburris site, to build approximately 350 houses; the recently acquired Cherrywood site is 120 acres and has an expected capacity of 3,000 homes; and the 87 acres in Portmarnock has the potential for 1,000 homes. The company intends to utilise its extensive experience to deliver market leading developments on its existing portfolio with a strong appetite to expand its portfolio of future development projects.

The decision to expand into Ireland follows the increase in demand for housing, especially in the Greater Dublin area, as more people move to take advantage of the strong economy and job opportunities.

James Saunders, Chief Executive of Quintain Limited, said:

“Quintain has been actively looking at new opportunities to expand its business for some time and I am therefore extremely proud to announce our expansion into Ireland, with a huge commitment to take on the delivery of more than 9,000 homes across four sites spanning 460 acres in Greater Dublin.

We have an established team on the ground in Ireland led by Eddie Byrne and Michael Hynes, who have over 40 years’ experience in the Irish and international property market. When you mix this local expertise with Quintain’s track record in taking forward major mixed-use development schemes, I am confident we will turn these sites into exemplary new places.

Alongside our Irish business, we remain focussed on continuing to invest and build out our flagship Wembley Park development in London and have further appetite to secure more development opportunities in the UK and Ireland.”

Eddie Byrne, Joint Managing Partner of Quintain Ireland, said:

“We are excited to launch this new venture, with the potential to deliver more than 9,000 new homes in the Greater Dublin area, where there is a pressing need for increased housing supply. Quintain Ireland will combine the knowledge of our team on the ground with the wealth of expertise of our parent company in delivering major residential projects. In 2020 we expect to more than double the size of our team in Ireland and expand our development pipeline.”

Quintain is a vertically integrated developer, operator and owner of residential and mixed-use assets; best known for the ongoing transformation of Wembley Park in north London. The 85-acre site surrounding Wembley Stadium has become one of the largest urban regeneration projects in Europe with over £2bn invested to date and another £1bn expected by 2022. Quintain first acquired a stake at Wembley Park in 2002. The development is already home to 3,500 residents with another 3,100 homes currently under construction and the project is expected to be fully built out by 2027.  Previously Quintain owned the Greenwich Peninsula redevelopment around the 02 Arena in South-East London obtaining planning permission to deliver 10,000 new homes.

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For all media enquiries:

UK

Wyatt Getty, London Communications Agency
Telephone: +44 (0) 7490 387879
Email: [email protected]

Anna Whitton, London Communications Agency
Telephone: +44 (0) 7850 293670
Email: [email protected]

 

Ireland

Doug Keatinge; +353 86 0374163; [email protected]

 

Notes to Editors:

Quintain Limited

Quintain is the London developer behind the transformation of Wembley Park in north west London. 

Established in 1992, Quintain acquired its interest in Wembley Park in 2002. To date, the 85-acre development has seen over £2bn invested and welcomed over 14 million visitors last year and 3,500 residents. The site currently comprises The SSE Arena, Wembley which Quintain refurbished and reopened in 2006; Boxpark Wembley; London Designer Outlet, which includes 70 high street outlet stores, restaurants, bars, coffee shops and a 9‐screen Cineworld cinema; a 361 room 4 star Hilton Hotel, Premier Inn Hotel and 1,750 new homes. Brent Civic Centre was built in 2012 and Wembley Stadium, owned by the FA Group, is a close neighbour.

In 2016 Quintain launched Tipi, the lifestyle-focused rental operator which offers an all-inclusive rental package to those seeking an easier way to rent in the capital. 

Between now and 2022 it is expected that a further £1 billion will be invested at Wembley Park as Quintain develops around 1 million square feet of office and workspace and a further 5,000 homes, across a broad range of tenures, which will make a significant contribution both to Brent and London’s housing need.  At Wembley Park approximately 3,100 homes are currently under construction.

Wembley Park already benefits from wide boulevards and attractive public spaces – new parks and public realm will bring the total area of open spaces to around 42 acres.

www.quintain.co.uk

www.tipi.london  

www.wembleypark.com

www.londondesigneroutlet.com

 

Quintain Ireland

Quintain Ireland is focussed on the development of residential and commercial property in the Greater Dublin area. The company is seeking to build more than 9,000 new homes on 460 acres of prime development land in Adamstown, Clonburris, Portmarnock, and Cherrywood. It also has plans to develop 600,000 sq ft of commercial space. The senior management team have extensive experience in the Irish market having been responsible for the development of over 1,000 residential units in Adamstown and Portmarnock, with a further 2,000 units at various stages of the pre-planning and planning processes.

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