BREAKING: Major property developer seeks to develop 150 homes in Kilkenny
Fitzpatrick & Heavey Homes are looking to scale up and deliver over 150 homes in Kilkenny
Fitzpatrick & Heavey Homes, one of Ireland’s leading property development firms, is actively seeking sites for development, particularly in Kilkenny, as part of its expansion strategy.
The company has reaffirmed its commitment to landowners by pledging to fully cover the Residential Zoned Land Tax (RZLT) on any residentially zoned land it purchases.
The firm currently has 350 homes under construction across Offaly, Westmeath, Wicklow, and Cork.
Resourced with a robust balance sheet and diverse range of funding partners Fitzpatrick & Heavey Homes are looking to scale up and deliver over 150 homes in Kilkenny.
“Ireland’s housing crisis demands innovative and immediate solutions,” said a company spokesperson.
“The Residential Zoned Land Tax is intended to encourage development, but it also places a financial strain on landowners who may not have the means to build.
“By absorbing this tax on any land we purchase, we are providing an immediate solution—offering landowners a viable exit while ensuring much-needed housing is developed without delay.”
The RZLT, introduced under the Finance Acts, imposes an annual tax of 3% on the market value of undeveloped, residentially zoned land.
The company welcomes discussions with landowners who wish to sell or explore partnership opportunities that will lead to the rapid development of much-needed housing.
“This is a win-win solution,” the company added. “Landowners can avoid the financial strain of the tax, while we ensure that land is put to productive use—building homes for families and communities across Ireland. We encourage landowners to reach out to us as soon as possible to explore opportunities.”