Clúid has worked in partnership with the receiver BDO and Dublin City Council to turn around a derelict and extremely problematic unfinished housing development into a thriving mixed tenure development.
Prospect Hill is an ambitious scheme of 469 apartments and duplex units on a prominent corner site on the Finglas and Tolka Valley Road. The development is broken into 5 ‘L’ shaped and 5 ‘finger’ shaped blocks of varying scale arranged around predominantly hard landscaped external courtyards with a basement car park.
The scheme was largely built between 2004–2007, but due to the economic climate and a downturn in the housing market, a section of the development remained unsold and was subject to vandalism. Clúid were in negotiations with the developer with regard to the long term leasing of the last remaining unsold 28 apartments and duplexes. Then in 2011 the developer went into receivership and a receiver, BDO were appointed to the development.
Clúid quickly built up a relationship with BDO, who completed the 28 apartments and leased them to Clúid. With little capital outlay Clúid has facilitated the use of surplus private housing stock for social housing at below market rates and has effectively used government revenue funding schemes that enable housing associations to manage properties on behalf of local authorities, receivers and private developers.
We have recently worked with Clúid on two separate Social Housing projects in North Dublin City. They have worked closely with us to house circa 100 families in a period of 14 months. We have found Clúid to be professional and extremely practical in their approach to resolving issues and proactive in ensuring that deadlines are met. I look forward to working with them again in the future.ALLAN SWEENEY - BDO