Cork-based O’Flynn Group has completed another phase of its Ballinglanna development in Glanmire, supported by AIB, marking a major milestone in the delivery of over 6,000 homes across key Irish counties since the partnership between the two organisations began a decade ago.
With 531 homes now completed at Ballinglanna, this milestone marks the 6,000th home delivered, in development or in planning across Cork, Dublin, Kildare and Wicklow since the O’Flynn Group’s partnership with AIB began in 2015.
Construction has recently commenced on 186 homes at Spa Glen in Mallow, with works are also set to begin “imminently” on the 550 homes in Dunkettle which the O’Flynn Group received planning for late last year.
Over the past decade, and with financing from AIB, the O’Flynn Group has completed high-quality housing schemes such as Kinsealy Woods in Dublin, Drakes Point in Crosshaven, Clonmore in Mallow (delivered under the Local Authority Affordable Purchase Scheme), and Oldtown Woods in Celbridge.
AIB and O’Flynn Group also partnered on the recent completion of A -rated cost rental apartments at Albert Avenue in Bray, Co Wicklow. The partnership also extends to sustainable commercial assets, including the funding of Ireland’s first Enhanced Community Care Facility at Westfield in Ballincollig, delivered to Building Research Establishment Environmental Assessment Methodology (BREEAM) accredited standards.
AIB, which is the largest lender to the home building sector, approved over €1bn for residential development, supporting the construction of 10,000 new residential units in 2024.
Speaking on the latest milestone, Michael O’Flynn, Chairman and CEO of O’Flynn Group, said: “Our partnership has played a key role in helping us deliver quality homes and sustainable communities across Ireland.
“Reaching this 6,000-home milestone highlights what can be achieved through long-term collaboration, vision and commitment to addressing housing need. As we advance our pipeline of developments in Cork and the GDA, our focus remains on building energy-efficient homes that meet the needs of families and communities for generations to come.”
Colin Hunt, AIB chief executive said the bank’s appetite for lending to house builders “remains strong,” with the lender keen to increase its funding for the residential market in the coming years.
