If judicial reviews succeed, 'no bank will finance any development' warns Supermac's boss
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If judicial reviews succeed, 'no bank will finance any development' warns Supermac's boss
"Two judicial review cases currently before the High Court threaten the rapid commencement of 40,000 ready-to-go apartments, and present a "very significant threat" to the Irish construction sector, a senior industry lobbyist has claimed."
"Construction Industry Federation director of housing, planning and development Conor O'Connell warned that the two legal cases would, if successful, impede the delivery of crucial infrastructure and housing across the country."
Two judicial review cases are before the High Court that could halt the rapid commencement of 40,000 ready-to-go apartments. If successful, the legal challenges would impede delivery of crucial infrastructure and housing across the country. The potential legal delays constitute a very significant threat to the Irish construction sector, risking project postponements, higher costs, and reduced housing supply. The sector could face constrained capacity, slower development timelines, and obstacles to meeting national housing targets, while legal uncertainty may undermine investor confidence and slow activation of planned residential developments.
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