The commencement of enabling works on the New Children’s Hospital in 2016, with its updated value of €200m to €950 million, sees a growth of 245% in On-Site values to almost €1.1 billion in 2016 versus 2015. The number of Medical & Care Residential projects has actually fallen by 2% in 2016 from 186 to 183 projects.
*The increased value of the New Childrem’s Hospital to €950m will further skew the data in future reports.
While the volume of projects on site in the Medical & Care Residential sector has remained static, the volume of primary care/surgery projects on site has increased by 43% when compared with 2015 (Fig. 24). This trend is in line with the Government pledge to take the pressure off the acute hospitals by treating patients in the community.
Future Pipeline of Medical & Care Residential Projects
The number of projects granted planning in 2016 has fallen by 11% year on year with only 224 projects granted planning. Almost €1.2 billion in projects has been granted planning permission with the New Children’s Hospital representing the majority of the total at €950 million.
The sector is trending downwards with only 222 projects submitted for planning in 2016, down from 282 in 2015 or minus 21%. All regions are experiencing this decline (Fig. 26)