Walls Construction’s turnover in 2019 surged past the €190m achieved in 2018 to €290m, an increase of over 50%. This performance means that it is well on its way to meet the growth plans set out in its business strategy devised following an investor-backed MBO in 2015, which targeted annual turnover in the region of €300m by the end of 2020.
Walls’ principal growth area has been in managing private rented sector (PRS) projects for clients such as Park Developments, Marlet and Royalton/Tristan Capital Partners. It has more than 1,500 units under construction on developments, including Woodward Square and Clay Farm in Dublin 18; St Clare’s, Harold’s Cross, Dublin 6; and Carnlough Road, Dublin 7.
The contractor continues to be active in the Dublin student accommodation market, with four discrete projects, two on Cork Street, Dublin 8, one on the North Circular Road, and one in Ballymun, due for completion before the end of 2020.
Commercial projects recently completed or under construction include Dublin Landings on North Wall Quay, for Ballymore; the Sorting Office at Cardiff Lane, Dublin 2, for Marlet; the Termini Building in Sandyford, for Aldgate Developments; and the Cadenza Building on Earlsfort Terrace, for Irish Life.
Walls’ fit-out and interiors division has been exceptionally busy over the past 12 months with projects that include ESB’s Fitzwilliam Street development and Central Bank of Ireland as part of its continued headquarters expansion at Dublin Landings/North Wall Quay.
Walls has practically doubled its employee numbers over the past three years. Its total staff now exceeds 330 people.
Eugene O’Shea, Managing Director, Walls, says, “The attraction and development of experienced professionals in disciplines such as engineering, quantity surveying and site management is a cornerstone of our success and is considered critical to the achievement of the growth plans set-down for our business.”
Walls intends to continue to execute large-scale, high-density residential projects, blue-chip office development and fit-out contracts and to apply its brand attributes to increase its presence in other sectors, such as pharma/healthcare, data and publicly-funded projects.
YEAR END: 31/12/2019
ADDRESS: Rosemount House, Northern Cross, Malahide Road, Dublin 17.
PHONE: 01 867 3800
KEY EXECUTIVES: Eugene O’Shea, Managing Director; Willie White, Commercial Director; Frank Kelly, Construction Director; Adrian Corcoran, Construction Director; Hugh O’Brien, Financial Director.
KEY ACTIVITIES: General Building.