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Knowledge & News

Impact on apartment delivery costs of change in apartment standards

14/7/2025

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The theory behind the recent changes to "Planning Design Standards For Apartments" is relatively simple:

1. Smaller Floor Area = Less Construction Cost
2. Less Dual Aspect and Amenity = Lower Complexity. Improved Efficiency
3. Simplified Planning ("permitted modifications") = Faster Timelines
4. Higher Density = Better Site Efficiency & Lower Per Unit Land Costs

The caveat is around will the savings be passed on?

The quantum of saving is not clear without detailed cost modelling of full developments, however, high level modelling of a consented 100 unit development gives indicative order of magnitude savings as indicated - these savings may not be quite as high as those noted at the standard's launch. Changing the mix on an owned site may also give additional savings on account of lower per unit land costs and possible improvements in nett:gross ratios - this prospective change is not without additional planning risk and programme impact. These savings will lead to improved affordability with lower household incomes required to purchase units. Removal of VAT would also lead to additional improvements as indicated.

It will be critical in implementation to ensure that minimum quality, safety, sustainability and habitability standards are maintained given that small deviations from the new standards could make a small unit unlivable.

​Planning Permission will still be required. The "permitted modification" (the proposed s44B PDA 2024) only applies to altering an already permitted scheme in line with the new Guidelines. The only 'faster' element, therefore, is that a new substantive permission will not be required in order to effect such alteration.

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Standard Project Processes a Key to Controlling Project Deliverables

21/5/2025

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Ensuring that you have the correct project structures and processes in place to facilitate efficient project delivery is critically important to any property development business.

In Ireland, the ratio of residential planning activations to completed units is approximately 1:2 in suburban areas and between 1:3 to 4 in urban areas. To achieve the target of 50,000 homes per year, the number of planning applications must double annually. Challenges to delivery includes the grant rate of planning applications, judicial reviews, infrastructure constraints, and financial viability. Developers need to focus on controllable factors to efficiently move a project through planning to site commencement. This paper offers strategies to manage these controllables effectively.
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Checking the Health of a Project Prior to Relaunch

22/4/2025

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With current uncertainty and volatility in the market it's important to continually review property projects and ensure the original assumptions and plan still holds true. From time to time a new plan needs to be developed to relaunch a project either by carrying out an internal review or by an external team looking to take over a project. The attached approach outlines how to carry out a strategic review of a project to develop a new plan to deliver the project ​
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High performance team formation using a team canvas workshop delivered with Miro via MS Teams

25/1/2022

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Recently on a turnaround project we had to develop a way to bring a remotely based   existing team together to complete a project in the middle of Lockdown 3.0. With Covid having delayed the project significantly the team needed to relaunch and start to put in place high performing behaviours to complete the project.

​Using the team canvas an online workshop was developed and using MS Teams and Miro the workshop was delivered online using the approach (keo_consult_team_canvas_workshop.pdf) outlined above.

Project now underway again and the team looking forward to getting boots and hard hats on again onsite. ​
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Relaunch post Covid-19 - A 2-Step Approach To Turn Around Paused Projects.

21/9/2021

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Projects are an iterative process of planning, doing and reviewing. From time to time despite the best intentions projects get into trouble and you have to step in to review what is going wrong and put a new plan in place to deliver a project. With the stop start impact of the Covid pandemic on a range of capital projects it may be necessary to but a new plan in place for a delayed project,
 
The following outlines a 2-step process to strategically review a project and then once the review is complete to create a turnaround plan to deliver the project.
 
The approach can of course be used as a checklist at the beginning of a project to make sure that all resources are in place to deliver a project and that a robust plan is in place to deliver certainty.

​projectworkoutv2021.pdf
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