Pat Farrell, IIP chief executive, warned that the large number of judicial reviews was bringing “additional cost and risk to new housing projects” for developers.Department of Finance officials advised a lobby group representing institutional property developers and investment funds that reforms of a fast-track planning system would help reduce the number of legal challenges taken against housing plans.
Paul Cotter, Department of Finance principal officer, advised that “this may become less of an issue” for institutional property investors after reforms of the fast-track planning system for large developments, according to the minutes. The meeting discussed proposals by Dublin City Council and Dún Laoghaire Rathdown County Council to curtail the development of built-to-rent housing, with Mr Farrell stating draft development plans from both local authorities “will be a negative for the sector”.
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