Deal For Bulk Purchase Of Homes In Maynooth Called-Off.

Thursday, 15 July 2021 09:36

Agreement between developer and Round Hil Capital won't proceed.

A deal, which enabled the bulk sale of 135 homes in a Maynooth housing estate to an investment fund, won't proceed.

The Irish Times reports that 115 of those homes, in Mullen Park, will now be brought to market, in phases, between now and 2022.

Kildare County Council was among the parties interested in buying homes in the estate, which is under construction.

Maynooth new homes back for sale as deal with UK investor called off https://t.co/3D9KYpd9N9 via @IrishTimesHome
— Irish Times Home (@IrishTimesHome) July 15, 2021

It was, however, prevented from doing so by the bulk purchase, which was understood to be for a sum in the region of €53 million.

The Irish Times reports that "it was apparently the sheer strength of public feeling on the matter that is understood to have informed the move."

Following news of the sale earlier this year, new legislation was passed imposing 10% stamp duty on bulk purchase of 10 or more homes in any given development - except of those homes were to be leased to councils or housing bodies for social homes.

Labour Cllr., Angela Feeney, joined Clem Ryan on Thursday's edition of Kildare Today

O’Brien welcomes new plan to sell Mullen Park homes to individual buyers. A plan to sell 115 houses to a global investment fund has been called off, reports @obraonain. https://t.co/QkQoyo0nzl
— Business Post (@businessposthq) July 15, 2021

More from Local News

Christmas Gift Caution As E-Scooters Leading Cause Of Child Brain Injuries

Parents are being advised not to buy them for children.
€540k Worth Of Ketamine Seized In Major Kildare Raid

A man in his 20s was arrested.
Former GAA Referee Thomas Howard From Old Kilcullen Jailed For Indecently Assaulting His Niece

He previously appeared before Judge Sinéad McMullen at Tullamore Circuit Court, where the court heard details of the abuse of his niece, Maeve Leahy, during the mid-1980s and 1990s.
Irish Audio Report 2025 Highlights Near-Universal Audio Engagement and Strong Daily Connection with Radio

Radio remains the core daily audio habit for most adults, delivering both scale and sustained listening
Festive Panic: Clane–Maynooth Cllr Calls Special Meeting To Rescue Christmas Lights Omitted From Budget

Fianna Fáil councillor Donna Phelan has tabled a motion warning that, without urgent action, the district could face delays in getting festive lights up in time for the season.
Taoiseach Seeks Details After Kfm Reported How A Newbridge Childminder May Face Commercial Rates

Audio

Margaret Donohoe's case was raised in the Dail yesterday by Social Democrats TD Aidan Farrelly, who asked the Taoiseach if now is the "time to be chasing childminders for commercial rates" amidst a "crisis in accessibilioty and affordability in childcare".
New Housing Plan Targets 300,000 Homes - But Lacks Annual Delivery Goals

The Government also aims to bring 20 thousand derelict homes back into use through grants.
Kildare Under Yellow Weather Warning From Tomorrow

Audio

The warning comes into effect from 11am.