+54% Increase in Industrial Construction Sector Commencements
Industrial Construction Planning Applications also increase by 20% to €178m
In the latest Building Information Index (Q1 2015) findings indicate a generally positive outlook for the Industrial construction sector. Industrial construction project Commencements increase by +54% to €154m over the same period in 2014.
The value of Applications for Industrial developments showed a national increase of +20% (to €178m) in Q1 2015 compared with Q1 2014. There was a significant drop in the volume of Granted permissions (-50%) to €151m, while the value of Industrial construction project Commencements increased to €154m (+54%).
On a regional basis, Munster showed the largest growth in Industrial construction applications (+144%) with Connacht / Ulster also up (+61%). Interestingly the east showed a decline in Applications with Dublin down -56% and Leinster down -26%.
Industrial construction project commencements showed significant growth in Munster, which accounted for over 75% of the overall activity for the entire country. The other regions all showed some decline in year on year Q1 Commencements with the overall national figure being +54%
Interestingly the Industrial construction sector has one of the quickest application to commencement turnaround times at -31% the construction industry average (55 weeks)
Full Building Information Index can be Downloaded here for details on all projects aggregated to produce the Building Information Index please visit our website and register for a free 10 day trial
