DUBLIN— One of Ireland’s largest residential property developers has won planning permission for a €70 million apartment scheme in Tallaght the latest in a growing pipeline that will put 2,500 homes in the ground across Dublin over the coming years.
South Dublin County Council approved the application from Ardstone this month for 169 apartments on a 1.32-hectare site on Whitestown Way, close to Tallaght Stadium, Tallaght village, the Luas red line and The Square Shopping Centre. The application was submitted in May. Approval came within weeks.
The scheme will be delivered across two six-storey blocks, with a mix of 80 one-bedroom, 85 two-bedroom and four three-bedroom apartments all featuring balconies and terraces. Two commercial units and a crèche with an external play area are built into the development from the ground up.
What Is Being Built and Where
The Whitestown Way site sits in one of south Dublin’s most connected locations. The Luas red line, Tallaght village and one of Ireland’s busiest retail centres are all within walking distance exactly the kind of transport-linked urban site that Dublin’s housing strategy prioritises for higher-density development.
Parking provision includes 66 undercroft spaces, 11 on-street spaces, five motorcycle bays, two set-down bays and dedicated bicycle parking a mix that reflects the site’s strong public transport connectivity and the council’s push to reduce car dependency in new urban developments.
Ardstone Senior Director Mark Forrest said the approval marks a significant moment for the company’s Dublin South pipeline. “Whitestown Way builds on our strong track record in the Tallaght and Citywest area and will create a vibrant, sustainable new neighbourhood with excellent transport links, quality public realm and amenities that benefit both new residents and the wider community,” he said.
A Developer With Deep Dublin Roots
Ardstone is not a new name in south Dublin. The company delivered 800 social and affordable units in Citywest and Tallaght last year alone making it one of the more active developers in an area that has absorbed significant housing demand from workers priced out of the capital’s more central postcodes.
In 2025, the company acquired an eight-hectare site in Clondalkin for €25 million a land bank with capacity for 1,400 homes, with construction targeted for 2027. It also holds land from Santry to Tallaght, with overall capacity for 2,500 homes across Dublin. Construction is expected to begin on the first 1,000 units this year.
The company’s history in south Dublin stretches back further. In 2019 Ardstone faced planning appeals after acquiring the Jesuit Order’s former Milltown Park campus in Dublin 6 bought for €65 million with plans for a large apartment scheme. That process illustrated the delays that continue to slow delivery even when developers have capital, land and planning intent in place.
The Institutional Money Behind It
Ardstone has operated a long-term residential investment strategy since 2021, focused on the mid-level rental market.
The company now manages more than 3,000 residential units across Dublin, valued at approximately €1.4 billion. Its capital comes from institutional partners large European pension funds and insurance companies deploying long-term capital into Irish residential property.
That funding model institutional money chasing stable rental yields in an undersupplied market has attracted significant political scrutiny in Ireland. Critics argue it drives up rents and prices individual buyers out of the market. Supporters say it funds the scale of delivery that neither the State nor small developers can match.
What is not in dispute is the need. The CSO confirmed Irish house prices rose 6.8% nationally in the year to February 2026.
Ireland needs between 44,000 and 50,000 new homes a year. It built 36,000 in 2025. Fewer than 1,800 homes were available to rent nationwide as of February the lowest figure on record.
169 apartments on Whitestown Way will not solve that. But they are 169 homes that did not exist last month.
M10News has been reporting on the LDA’s 779-home Fairview development and what it means for Dublin’s supply pipeline, on Dublin City Council’s plan to convert empty buildings into 16,000 homes and on South Dublin County Council raising social housing rents by 25% from July.
Editing by M10News Housing Desk | © 2026 M10News. All rights reserved. Unauthorised reproduction is prohibited.
