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Published in Construction on 03/05/2016

Sky’s the limit for BAM

CNI reports

Construction group BAM has purchased six new cranes in a €3 million deal that offers further evidence of a recovering economy.

The deal means that BAM (formerly Ascon) now owns thirty cranes in total.

Bam’s plant manager Tommy Flaherty said the Wolffkran cranes would go into immediate use on projects, which include a five-storey modern block on the corner of Dawson Street and Molesworth Street in Dublin, the court building in Waterford city and the Capital Cinema in Cork.

“This purchase meets a vital need for BAM. We have seen a real upswing in our construction activity recently and resurgence in areas such as commercial office building activity, said Mr Flaherty.

Cranes are seen as a good measure of economic growth and therefore BAM’s acquisition will likely be warmly welcomed.

According to The Irish Times’s monthly survey, there were 40 cranes visible over the centre of Dublin from the seventh floor of the media group’s building on Tara Street on April 1st. This represents a drop of four on the previous month.

With the economy expected to continue its strong recovery this year and a number of significant developments due to enter the construction phase shortly, it is expected that the number of cranes on the Dublin skyline will increase in the near future.

The Irish Times