John Sisk & Son and Durkan family-owned developer D/RES Properties have jointly founded Arden, a new company targeting the delivery of 1,000 social and affordable homes per year in Ireland, backed by an initial €32m commitment from Bank of Ireland.

Business Plus reported that the two firms have structured Arden as a fully independent company, with Sisk contributing its construction expertise and D/RES its development track record, and that the venture will work with local councils, approved housing bodies, and other public and institutional partners.

The venture's first project is Foothills in Killinarden, Dublin, where Arden is building 635 homes and plans to begin selling affordable units in September 2026.

Paul Brown, chief executive of John Sisk & Son, said the venture brings together complementary strengths and a shared commitment to building quality housing. Patrick Durkan, chief executive of D/RES Properties, described the combination as a powerful pairing of two family legacies that would aid the construction of large-scale housing developments across the Republic.

John Feeney, chief executive of corporate and commercial banking at Bank of Ireland, said Arden is well positioned to build large numbers of quality homes and that the venture aligns closely with the bank's housing strategy.

Arden's objectives include joint ventures with local councils, state agencies, and approved housing bodies to develop homes on public or institutional land. Sisk employs more than 3,000 people across Ireland, the UK, and Europe, while D/RES has delivered more than 2,000 homes in the last six years and recently raised €70m through the Irish Strategic Infrastructure Funds investment division to support the construction of 6,000 new homes.

Access the full story on the Arden joint venture and its housing delivery ambitions.