176 units at Glass Bottle site sold for social housing at average cost of €466,748

Gordon Deegan

Builders Lioncor have sold a 176-unit apartment scheme at the Irish Glass Bottle site in Dublin 4 to approved housing body Co-operative Housing Ireland (CHI) for €82.14 million for social housing. It works out to an average cost per apartment of €466,748.

On Thursday, July 30th, Lioncor, in partnership with Co-operative Housing Ireland (CHI) and Dublin City Council, confirmed the deal for Glass House, Bottle Maker Place at the Irish Glass Bottle site, Dublin 4, and a new entry on the Residential Property Price Register confirms that the €82.14m deal went through on July 22nd.

The scheme is made up of 12 studios, 43 one-bed apartments, 95 two-bed apartments and 26 three-bed apartments.

The Glass Bottle Development, located on Sandymount Strand, is providing social homes to households on Dublin City Council’s housing waiting list as many of the homes within CHI’s newly purchased Glass House have already been allocated by Dublin City Council via its Choice Based Lettings (CBL) system.

The delivery of the new homes at Glass House is set to become one of the major contributions to social housing output for the city in 2026.

Director of New Business & Development at Co-operative Housing Ireland, Padraic Clancy said: “The purchase of Glass House is one of our larger acquisitions and is indicative of the enhanced role Co-operative Housing Ireland is making in responding to the national housing need.

He said: "CHI own over 7,500 homes and provides housing for a further 8,500 families. Residents will not just move into a new home, they will become members of their local co-operative, whereby they will be contributing to their local community.”

The deal has been supported by Dublin City Council with funding from the Housing Finance Agency and the Department of Housing.