The Braidwater Group has announced plans for a £450m investment in a mixed-use development on a 100 hectare (c.250 acres) site in L’derry, which is to be known as The Cashel.
The site is expected to deliver over 3,000 new social, affordable, and private homes, and create a new urban village. Phase 1 will see an initial investment of over £100m to deliver a mix of 800 social, private and affordable houses, with major infrastructure also to be put in place for the wider site. At any one time approximately 250 construction jobs and apprenticeships will be created.
Vincent Bradley, development director of The Braidwater Group, said, “This year has been extremely challenging for the construction sector, and it is important that we continue to drive momentum with key projects in the pipeline, such as The Cashel. At this time, it is crucial to try and keep the economy moving forward. We will reveal further details about our planning consultation process in the weeks to come and we look forward to welcoming feedback from interested parties.”