Moralltach, having undergone protracted talks with well known property developers backed by a multi billion euro private equity group, and now supported by various stakeholders has commenced initial work leading to applications for planning permission across strategic sites. Moralltach has also targeted land which it feels will be zoned as residential in the future, thus maximising the possibility of a continued income stream over many years. Moralltach aims to build high quality affordable housing that can be leased to local authorities or sold to private buyers.
If all the target development sites are acquired by Moralltach and achieve planning, they have the potential to be developed into over 1000 properties in the coming years with an estimated total gross development value of over € 700m across all sites.