The development — which will be located at Rockbrook in Sandyford, Dublin 18 — received planning through the strategic housing development planning process.

The scheme will comprise 428 apartments in two blocks, a crèche, four local commercial units and a residents’ communal space.

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“We engaged in a detailed pre-submission process to ensure that the application met all of the requirements for a strategic housing development, including extensive engagement with Dún Laoghaire-Rathdown County Council to understand its priorities and objectives for the locality,” said Margaret Sweeney, chief executive officer at IRES.

“We are delighted to have achieved this key milestone and the opportunity to provide additional supply of residential accommodation for rental in the Sandyford area."