Developer O’Flynn unveils plans to build 10,000 homes

One of Ireland’s leading property developers has announced plans to build up to 10,000 new homes over the next eight years, mainly in Cork and Dublin, after agreeing a €400m funding deal to relaunch his firm.

The chairman of the O’Flynn Construction Group, Cork-based Michael O’Flynn, has also agreed a separate joint venture arrangement to drive expansion of his group’s business in the UK.

Mr O’Flynn yesterday described the announcements as “a pivotal moment” in the development of the O’Flynn Construction Group following some “challenging years” in the wake of the global financial crisis.