Kennedy Wilson Commissions Sisk to Build 166 Apartments, Creating 120 Construction Jobs, in Leopardstown

Kennedy Wilson Europe Real Estate plc has announced that it has signed contracts with John SISK for the construction of an additional 166 apartments and 15,000 sq ft commercial space at Vantage, Central Park, Dublin 14.

Kennedy Wilson  acquired Vantage earlier this year and the asset currently comprises of 272 apartments  which are fully let and 31,000 sq ft of commercial space. It is expected the  project will employ up to 120 people during construction which will begin in in  January 2015 and will be completed in the second half of 2016.

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Peter Collins,  Managing Director, Kennedy Wilson Europe said today:

“Since we acquired  Vantage we have already invested significantly in improving the residential  offering at the property and this next phase, which we are announcing today,  will help us meet the demand for quality rental accommodation in the area and  will make Vantage one of the largest rented residential communities in South  Dublin.

“We are pleased  to be partnering on this project with John Sisk & Son – one of Ireland’s  longest established and most respected contractors. This considerable investment  will give a strong boost to the construction sector in the area with up to 120  jobs being created during the development phase.”

Garry Crabtree,  Managing Director of John Sisk & Son, said: “The construction of these high  quality apartments will take place at a time when additional housing is badly  needed in Dublin.   We are delighted to  take on what is Kennedy Wilson’s largest new build contract to date and the  largest residential construction contract signed in Ireland this year – a vote  of confidence in the residential construction market.”