New Louth apartment complex gets €35m financing boost from BOI

By Olivia Ryan, The Drogheda Independent

The delivery of a new 142 apartment scheme in County Louth is being supported with a major financing commitment from one of Ireland’s leading banks.

Bank of Ireland has announced a €35 million financing commitment to support the development of the scheme in Haggardstown, Dundalk. The project, led by Bluemont, is expected to deliver a substantial number of social housing units.

The Dundalk project aims to provide modern, energy-efficient homes, each constructed to a minimum Building Energy Rating (BER) of A3.

Andrew Conway, Associate Director, National Housing at Bank of Ireland Corporate & Commercial Banking, said: “We are delighted to demonstrate our support for our house builders in delivering much-needed homes across the country, a key priority for Bank of Ireland. Socially impactful, sustainable schemes such as this will be critical in that delivery.”

Sean Corroon, CFO of Bluemont, commented: “Bluemont is delighted to complete our latest transaction with Bank of Ireland which secures financing of our Dundalk development. With a strong pipeline of over 1,000 units at various stages of planning and construction, Bluemont continues to build high-quality homes throughout Ireland. We are grateful for the strong support from Bank of Ireland.”