Construction BUSINESS

Investment

GMIT IHUB Extension Work Commences

    GMIT IHUB Extension Work Commences

The first sod has been turned on the site of the new extension to GMIT’s Innovation Hub (iHub) at the GMIT Galway campus. The extension will double the size of the Innovation Hub to about 2,400 sq m, providing space for an additional three dedicated MedTech R&D units; 17 incubation units for start-ups in the […]

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Grand Canal Innovation District Planned For Dublin

    Grand Canal Innovation District Planned For Dublin

A far-reaching plan for the creation of the Grand Canal Innovation District in Dublin has been launched. The proposal from Trinity College Dublin is modelled on innovation districts in cities such as Boston, Toronto, Rotterdam and Barcelona. It will significantly strengthen Ireland’s competitive advantage when developing new indigenous companies or competing for foreign direct investment. […]

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PREM Group to Invest Over €1.6 Million in Hotel Refurbishment

    PREM Group to Invest Over €1.6 Million in Hotel Refurbishment

International hotel management company PREM Group has secured the purchase of the well-known Aspect Hotel in Kilkenny. The Irish owned hotel management and hospitality group has strengthened its growing property portfolio by acquiring the property which it has been leasing and running since it opened in 2006. The 80-bedroom hotel is located just five minutes’ […]

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The First Phase of the Regeneration of O’Devaney Gardens Gets Underway

    The First Phase of the Regeneration of O’Devaney Gardens Gets Underway

Eoghan Murphy TD, Minister for Housing, Planning & Local Government; Paschal Donohoe TD, Minister for Finance, Public Expenditure & Reform; and Lord Mayor of Dublin, Nial Ring have turned the sod for the development of the first phase in the Regeneration of  O’Devaney Gardens in Dublin.  The first phase will deliver 56 social homes with […]

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Ireland is 9th Most ‘Highly Transparent’ Property Market in the World

    Ireland is 9th Most ‘Highly Transparent’ Property Market in the World

The latest JLL Global Real Estate Transparency Index (GRETI) shows that Ireland’s property market ranks within the most ‘highly transparent’ markets in the world. Ireland is ranked 9th globally, in terms of the most transparent countries.
The index which is published biennially, measures transparency in 158 metropolitan areas, across 186 unique indicators. This year’s survey saw a […]

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€80 Million Port of Cork Container Terminal Development

    €80 Million Port of Cork Container Terminal Development

The Port of Cork has marked a major milestone for the company with the launch of the new Cork Container Terminal development in Ringaskiddy. The Cork Container Terminal will initially offer a 360 metre quay with 13 metre depth alongside and will enable larger ships to berth in Ringaskiddy. The development also includes the construction […]

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College Group to Construct New €10 Million Biofuel Facility in County Meath

    College Group to Construct New €10 Million Biofuel Facility in County Meath

College Group is to invest €10 million in building a new renewable energy facility producing biofuel from used cooking oil and animal fats in north County Meath. The investment is supported by the Irish government through Enterprise Ireland. The new 25 million litre purpose-built plant will be set on a 47.5 acre site and will […]

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KES Group to Build State-of-the-art Manufacturing Facility

    KES Group to Build State-of-the-art Manufacturing Facility

KES Group,  the renewable energy and modular building provider, is to make a multi-million pound investment in a new, purpose built, manufacturing facility at Strabane Business Park. The company has purchased circa 3.5 acres of land on the Invest Northern Ireland owned Business Park to accommodate their first phase of development.
Conor McCrossan, Managing Director of KES Group, […]

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Irish Water to Tackle Leakage Across Tipperary as Part of €500 Million National Programme

    Irish Water to Tackle Leakage Across Tipperary as Part of €500 Million National Programme

Irish Water has recently begun an extensive programme of work to improve water supply and tackle leaks in the network across Tipperary as part of a €500 million national investment in leakage reduction. Current works include replacing over 13 km of old and damaged watermains, removing any lead service pipes found on the public network, […]

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Ten-Year €1 Billion Programme of Investment in Flood Relief Measures Launched

    Ten-Year €1 Billion Programme of Investment in Flood Relief Measures Launched

The Government has launched a ten-year programme of €1 billion in investment in flood relief measures including a first tranche of €257 million in funding for 50 new flood relief schemes to proceed to detailed design and construction. The Flood Risk Management Plans allow the Government to build on significant investment on flood defence schemes, […]

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Specialist Joinery Group Announces New Jobs as £5 Million Factory Opens

    Specialist Joinery Group Announces New Jobs as £5 Million Factory Opens

As it marks 30 years of business, Specialist Joinery Group is recruiting 52 additional staff as part of a multi-million pounds investment. The investment included a major extension to its factory in Maghera which now spans three acres.
The bespoke joinery and fitted furniture manufacturer is expanding its workforce to help grow its business in Great Britain and Europe. […]

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OPW Highlights New Opportunities For Irish Construction Companies

    OPW Highlights New Opportunities For Irish Construction Companies

Of the anticipated €116 billion capital investment provided for in Project Ireland 2040, the Government’s policy and planning framework for the social, economic and cultural development of Ireland, the Office of Public Works (OPW) will be responsible for between €5 billion and €10 billion of this expenditure. Many of the projects involved will be small […]

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National Construction Summit 2018 – Ireland is Building Again, Says Housing Minister

    National Construction Summit 2018 – Ireland is Building Again, Says Housing Minister

By 2040 the population of the Republic of Ireland will have reached 6 million, according to Eoghan Murphy TD, the Minister for Housing, Planning and Local Government. He added: “Where are these people going to live and how will they live?”
The Minister was the opening speaker at the 2018 National Construction Summit, which was held […]

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NI Water Invests £1 Million to Upgrade Watermain Supplying Fermanagh Reservoirs

    NI Water Invests £1 Million to Upgrade Watermain Supplying Fermanagh Reservoirs

NI Water has announced the completion of the first section of a 3.5 km watermain between Ally Hill Service Reservoir (SR), on the outskirts of Lough Bradan and Doochrock SR near Ederney, as part of a million pound investment to improve and safeguard the local water supply. The new upsized watermain will replace the old […]

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37 Communities to Become More Energy Efficient

    37 Communities to Become More Energy Efficient

Funded by the Department of Communications, Climate Action and Environment, the Sustainable Energy Authority of Ireland (SEAI) has announced that an initial €22 million will fund energy upgrades to 1,200 homes and 400 community and commercial buildings across 37 communities.  The support underpins total investment of €52 million and means the communities will have warmer […]

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€1.5 Million Investment in Cavan Hotel

    €1.5 Million Investment in Cavan Hotel

An Irish-American hotelier, Connie O Reilly (pictured), has invested €1.5 million over the last 12 months in Cavan’s four-star Crover House Hotel. Having already increased its staff from 80 to 120 in 2017, the hotel has invested €1.5 million in its renovation programme. A complete refurbishment of the ballroom was undertaken, updating and extending their […]

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Irish Construction Companies Raise Over €3.5 Million Through Linked Finance

    Irish Construction Companies Raise Over €3.5 Million Through Linked Finance

Linked Finance, Ireland’s leading peer-to-peer (P2P) lending company has raised over €3.5m for Irish construction businesses. 34 Irish construction firms including Farranconnor Building Products in Cork and Cairn Construction in Wicklow have raised funds through Linked Finance’s online lending platform (www.linkedfinance.com). Cairn Construction raised €30,000 through the platform to invest in machinery to facilitate business […]

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Dún Laoghaire-Rathdown County Council Provides Over €742 Million For Future Development

    Dún Laoghaire-Rathdown County Council Provides Over €742 Million For Future Development

Dún Laoghaire-Rathdown County Council has agreed a Capital Expenditure Programme of over €742 million. The Three Year Capital Programme 2018-2020 will deliver a considerable number of infrastructural and housing projects that are of strategic importance to the County and the Region from both a social and an economic perspective. This will shape the development of […]

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U+I Hires Investment Specialist Eoin Condren

    U+I Hires Investment Specialist Eoin Condren

U+I, the specialist regeneration developer and investor, is further building out its senior leadership team with the appointment of Eoin Condren who will manage non-public sector joint venture relationships. In this role, Eoin will grow U+I’s existing real estate private equity partnerships, as well as sourcing and executing acquisitions in U+I’s three core markets, with […]

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CIF Welcomes Government’s Public Capital Programme and National Planning Framework

    CIF Welcomes Government’s Public Capital Programme and National Planning Framework

The CIF has welcomed the €115 billion investment in infrastructure announced by Government as a potential ‘game-changer for the construction industry, the economy and Irish society’. The announcement was made as part of the Government’s 10-year public capital programme and National Planning Framework.
Tom Parlon, Director General of the CIF, commented: “The significant commitment to infrastructure […]

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Government Unveils €116 Billion Development Programme

    Government Unveils €116 Billion Development Programme

The Government has published The National Development Plan 2018–2027, the most recent in the series of such capital plans adopted since 1988. The National Development Plan 2018–2027 is an ambitious plan designed to drive Ireland’s long term economic, environmental and social progress across all parts of the country over the next decade. The plan is […]

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£5 Million Sewer Improvement Project Underway For Ormeau Area of Belfast

    £5 Million Sewer Improvement Project Underway For Ormeau Area of Belfast

NI Water has announce that work has commenced on a £5 million project to improve the sewerage infrastructure in the Ormeau area, which will include Ormeau Avenue, Dublin Road, Bruce Street, Sandy Row and sections of the lower Ormeau Road.
Work commenced on 5th February 2018 on Adelaide Street, with work progressing from the Ormeau Avenue end. NI Water anticipates […]

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NTR Closes Debt Facilities to Value of €43.2 Million to Fund Irish Wind Projects

    NTR Closes Debt Facilities to Value of €43.2 Million to Fund Irish Wind Projects

NTR has announced that it has successfully closed three project debt facilities in recent weeks with AIB, Nord/LB and MUFG totaling a Euro equivalent of €66.5 million. Two of the debt facilities will be utilised to finance the construction of new wind farms, while the third is for the refinancing of a wind farm already […]

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CIS and Esri Ireland Map €56 Billion Worth of Construction Projects Throughout Ireland

    CIS and Esri Ireland Map €56 Billion Worth of Construction Projects Throughout Ireland

Esri Ireland, the market leader in geographic information services, has announced that Construction Information Services (CIS) has leveraged its digital mapping platform to present its members with a visual guide to construction projects around Ireland. 36,500 construction projects, worth €56 billion, are currently mapped on this visual platform.
CIS is Ireland’s leading construction intelligence service whose […]

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€417 Million Allocated For Regional and Local Roads

    €417 Million Allocated For Regional and Local Roads

The Government has announced details of a €417 million investment programme for 2018 for regional and local roads. Minister for Transport, Tourism and Sport, Shane Ross TD, said: “I am very happy to be able to announce a significant and much needed increase in grant allocations for regional and local roads this year. Overall 2018 […]

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Record Investment in Energy Efficiency and Renewable Energy in 2017

    Record Investment in Energy Efficiency and Renewable Energy in 2017

The Sustainable Energy Authority of Ireland (SEAI) has published its annual results for 2017. It shows a record €105 million government investment in energy efficiency and renewable energy, allocated through the Department of Communications, Climate Action and Environment (DCCAE). This included €70 million investment in home and community energy upgrades, 40% of which went to […]

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Naas Racecourse to Unveil Stunning New Feature Building

    Naas Racecourse to Unveil Stunning New Feature Building

Naas Racecourse will unveil its brand new ‘Feature Building’ at its National Hunt race meeting this Sunday, (28th of January). The new Feature Building was created as part of a €3.2 million HRI Capital Development Scheme which commenced last year.
It is an unusual structure; cylindrical in shape, it boasts wrap around glass and several balconies which […]

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£70,000 Rainwater Garden Completed at Clandeboye Primary School

    £70,000 Rainwater Garden Completed at Clandeboye Primary School

NI Water, the Department for Infrastructure, Education Authority and the Department of Education have announced that an innovative new rainwater garden to help reduce the risk of flooding has been completed at Clandeboye Primary School. £70,000 has been invested in the garden, which is an innovative flagship project for NI Water and the Department for […]

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JLL Predicts a Buoyant Year For Ireland’s Hotel Industry

    JLL Predicts a Buoyant Year For Ireland’s Hotel Industry

What does 2018 have in store for the Irish Hotels Market? JLL expects approximately 1,300 new hotel rooms to open in Dublin City, representing a +6.0% increase in current room supply. The first new hotel to open will be the Iveagh Garden Hotel (pictured above), which opens this month on Harcourt Street.
The summer will also see […]

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Glenveagh Acquires Additional Sites to Deliver 660 Residential Units

    Glenveagh Acquires Additional Sites to Deliver 660 Residential Units

Glenveagh Properties, a leading Irish housebuilder listed on the Irish and London Stock Exchanges, has completed the acquisition of Brook Lane in Rush, County Dublin. Glenveagh has also signed an unconditional legal contract to acquire a development site at Millennium Park in Naas, County Kildare. These acquisitions have the combined potential to deliver in excess […]

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2018 is Off to a Fresh Start For Speculative Industrial Development in South West Dublin

    2018 is Off to a Fresh Start For Speculative Industrial Development in South West Dublin

Exeter Property Company has appointed contractors for the construction of a new 110,000 sq. ft. state-of-the-art logistics facility at Greenogue Business Park, just minutes from the Naas Road at Rathcoole. On completion, the company expects to employ over 200 people at the facility, whilst over 50 jobs will be created during construction.
“With the absence of […]

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Largest Ever European Investment Bank Support in Ireland Backs New Children’s Hospital Project

    Largest Ever European Investment Bank Support in Ireland Backs New Children’s Hospital Project

The European Investment Bank is to provide a loan of €490 million to support construction of the new children’s hospital in Dublin. This represents the largest ever financial engagement by the European Union’s long-term lending institution in Ireland and the EIB’s first backing for a hospital in the country.
The new children’s hospital project includes two […]

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Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion

    Strabane Manufacturer to Invest Over £7 Million in Ambitious Expansion

Strabane-based Fabplus is planning to more than double its workforce and turnover with support from Invest Northern Ireland. The investment is part of a three year expansion plan to increase its market share in the Republic of Ireland and Great Britain, and gain a foothold in mainland Europe and Scandinavia.
Recruitment is underway to employ 83 additional staff at […]

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Construction of Donabate Distributor Road Commences

    Construction of Donabate Distributor Road Commences

The Minister for Housing, Planning and Local Government, Eoghan Murphy, TD, has launched the Donabate Distributor Road, which is the first LIHAF project under the Rebuilding Ireland programme to reach the construction stage.
The Minister, along with the Mayor of Fingal, Cllr Mary McCamley, and Fingal County Council Chief Executive, Paul Reid, turned the first sod on […]

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EIB Loan Will Trigger €180 Million Investment Programme in Fingal

    EIB Loan Will Trigger €180 Million Investment Programme in Fingal

Fingal County Council has signed a €70 million Framework Loan Agreement with the European Investment Bank (EIB) which will trigger a €180 million investment in strategic infrastructure projects within the county’s Capital Development Plan. This represents the first EIB support for county-wide investment in partnership with an Irish local authority for more than a decade […]

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McAleer & Rushe Sells Newcastle Hotel Investment For £32.7 Million

    McAleer & Rushe Sells Newcastle Hotel Investment For £32.7 Million

Northern Ireland-based developer and contractor McAleer & Rushe has sold a planned new four-star Maldron Hotel in Newcastle City Centre to UK Commercial Property Trust Limited (UKCPT), which is advised by Standard Life Investments, for £32.7 million on a forward funding basis reflecting a market investment yield of 4.99% on completion.
The six-storey hotel due to be completed in March 2019 by McAleer […]

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EIB Backs Re-development of Limerick and Confirms New Irish Urban Investment Plans

    EIB Backs Re-development of Limerick and Confirms New Irish Urban Investment Plans

Limerick’s economic resurgence has taken another giant step forward as the European Investment Bank (EIB) confirmed a record commitment for an urban Ireland investment programme for the city. EIB will commit to €85million in lending to Limerick City and County Council to be spent on transforming the 1.62 hectare Opera Site in the city centre […]

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Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

    Enisca Group is Investing £1.5 Million to Support 2020 Growth Strategy

Cookstown-based engineering services firm Enisca Group is investing over £1.5 million in its workforce, training and business infrastructure. This investment is to help maximise current opportunities within the power and water sectors in Great Britain and Ireland.
Plans are in place to recruit twenty-nine additional staff at Enisca and a further fifteen at its Group businesses by 2020. […]

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Bio-marine Ingredients Ireland to Develop €35 Million Processing Facility in Killybegs

    Bio-marine Ingredients Ireland to Develop €35 Million Processing Facility in Killybegs

Bio-marine Ingredients Ireland (BII) has secured planning permission for a second larger marine ingredients processing facility in Killybegs, Co Donegal which will cost an estimated €35 million to develop and will have capacity for 120,000 tonnes of fish. Construction is provisionally scheduled to get underway in 2018.

BII is a joint venture between the Killybegs Fishermen’s […]

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Carrickfergus Specialist Joinery Business Carves Out Growth Plans

    Carrickfergus Specialist Joinery Business Carves Out Growth Plans

Abbey Upholsterers Specialist Joinery & Fit Out is expanding its workforce and manufacturing space in Carrickfergus with support from Invest Northern Ireland. To meet the demands driven by new contract opportunities, fifteen new roles will be recruited at Abbey Upholsterers by 2019.
The majority of the roles will be in its production division to support the business in […]

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€60 Million Backing For NUI Galway Campus Development

    €60 Million Backing For NUI Galway Campus Development

The European Investment Bank will provide €60 million towards development of the NUI Galway campus. The first ever loan to the university from Europe’s long-term lending institution will finance construction of campus developments including new student residences and a new building for the College of Medicine, Nursing and Health Sciences.
Dr Jim Browne, President of NUI […]

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Ireland’s First Syndicated Property Finance Platform Launched

    Ireland’s First Syndicated Property Finance Platform Launched

Initiative Ireland has launched Ireland’s first syndicated property finance platform (www.initiativeireland.ie). The launch coincides with the company’s pre-approval of a €1.5 million secured loan, which has been approved for funding via the platform. The largest crowd-lending loan approved to date in Ireland, the loan will fund the development of 10 social housing apartments and a […]

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Infram Energy Reaches 95MW of Total Installed Capacity

    Infram Energy Reaches 95MW of Total Installed Capacity

Infram Energy, a platform established by Infracapital and Amarenco Solar to invest in greenfield renewable energy assets across France, Ireland and other European markets, has signed a long-term debt facility, arranged by The Bank of Tokyo-Mitsubishi UFJ, Ltd. (MUFG), to finance an additional solar portfolio of 16.1MW. This takes Infram Energy’s total installed capacity to […]

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€10 Million Expansion By Portwest in Mayo

    €10 Million Expansion By Portwest in Mayo

Leading safety clothing and personal protective equipment (PPE) manufacturers Portwest are to build a new corporate headquarters at Westport which will cost over €10 million. This will allow for the growth in staff numbers over the next few years.
Portwest specialises in the design and production of flame-resistant and high-visibility work-wear, rainwear, protective footwear, hand protection […]

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Guaranteed Irish Welcomes Support For Housing and Enterprise Development

    Guaranteed Irish Welcomes Support For Housing and Enterprise Development

Guaranteed Irish has welcomed measures in Budget 2018 to increase housing supply and support enterprise. However, the organisation cautioned that further measures are needed to adequately stimulate Ireland’s construction sector. Measures welcomed by the business membership organisation included a total allocation of €1.8 billion for housing in Budget 2018, the establishment of Home Building Finance […]

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Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

    Budget 2018 – CIF Welcomes Increased Investment in Infrastructure at Critical Time For Irish Economy

The Construction Industry Federation (CIF) has stated that the measures announced in Budget 2018 will help address the systemic weaknesses in infrastructure investment.
Tom Parlon, CIF Director General, stated: “The Government has taken significant steps today towards insulating the economy from externals shocks today with the announcement of a 17% increase of €790 million in public […]

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Dragon Brand Foods to Build New Factory

    Dragon Brand Foods to Build New Factory

Strabane-based food manufacturer, Dragon Brand Foods is investing over £500,000 in jobs, innovation and a new factory with the support of Invest Northern Ireland. The company is due to begin construction on its new factory at Strabane Business Park as part of its plans to grow its business.
The company is also creating four new roles […]

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Credit ratings agency KBRA selects Dublin for European Headquarters

    Credit ratings agency KBRA selects Dublin for European Headquarters

Kroll Bond Rating Agency (KBRA) has announced its expansion into Europe with the opening of its European Headquarters in Dublin. The move is expected to create 100 new jobs over the next three years.
KBRA is a full service credit rating agency that was established in 2010 to restore trust in credit ratings following the financial […]

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Minister Murphy approves funding of €12m under Disabled Persons Grant Scheme

    Minister Murphy approves funding of €12m under Disabled Persons Grant Scheme

Eoghan Murphy, Minister for Housing, Planning and Local Government, has approved funding of €12 million for the Disabled Persons Grant Scheme.
In welcoming the efforts being made by Local Authorities to improve the quality of life for those with disabilities and those affected by over-crowding, Minister Murphy stated, “This will greatly improve the housing conditions for […]

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Direct Hong Kong flights will help Ireland land business

    Direct Hong Kong flights will help Ireland land business

The addition of direct flights between Dublin and Hong Kong opens up a whole world of new opportunities for Irish business, according to Dublin Chamber. The Chamber was responding to the news that Cathay Pacific is to start direct flights from Dublin to Hong Kong from June 2018.
Dublin Chamber, which has acted as secretariat for […]

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Plans lodged for historic building

    Plans lodged for historic building

A planning application for Aldborough House, Dublin’s last Georgian mansion, has been submitted. Situated on Portland Row in the North Inner City, the plans would transform the protected structure into an office development.
The building was vacated almost two decades ago and has fallen into disrepair. Despite plans to renovate and restore the building, it has continued to […]

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Time for an integrated and long-term approach to infrastructure planning – Engineers Ireland

    Time for an integrated and long-term approach to infrastructure planning – Engineers Ireland

The President of Engineers Ireland, Dr Kieran Feighan, has called on the Government to establish a single infrastructure unit as soon as possible to support the new 10-year capital spending plan and the forthcoming National Planning Framework.
Speaking at the launch in Dublin of ‘The State of Ireland 2017’ report, Dr Feighan said Engineers Ireland strongly […]

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Initiative Ireland aims to finance €60m in construction loans

    Initiative Ireland aims to finance €60m in construction loans

Peer to peer lender Initiative Ireland is aiming to finance €60m in construction loans to allow the building of 250 family homes. The company intends to launch Ireland’s first syndicated property finance platform in September.
Specialising in residential development finance, Initiative Ireland has announced it will support the construction of 250 new family homes by December […]

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Construction of new Laois special needs school to be ‘fast-tracked’

    Construction of new Laois special needs school to be ‘fast-tracked’

A new building for Laois children with learning disabilities has been escalated to ‘rapid build’ status by the Department of Education, to open in a year. According to a report in the Leinster Express, the 94 pupils aged 5 to 19 in St Francis School are to get a new purpose-built school by September 2018. […]

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Irish firm aims to finance construction of 250 new homes by Dec 2018

    Irish firm aims to finance construction of 250 new homes by Dec 2018

Minister for Housing, Planning and Local Government, Eoghan Murphy has welcomed the announcement from InitiativeIreland.ie on the upcoming launch of Ireland’s first syndicated property finance platform. The initiative aims to fund the construction of 250 new homes over the next 18 months.
Supported by Enterprise Ireland and headquartered in NovaUCD, the company was founded in 2015, […]

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New houses for Mayo under local authority construction programme

    New houses for Mayo under local authority construction programme

The Minister for Rural and Community Development, Michael Ring, has welcomed the announcement that a provisional budget of over €6.3 million has been allocated to Mayo in a local authority housing construction programme under the Rebuilding Ireland Scheme. The funding will allow for the construction of 36 houses – four in Achill, 14 in Ballinrobe […]

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Dialight opens new Technical Centre in Copenhagen

    Dialight opens new Technical Centre in Copenhagen

Dialight, the leading LED industrial lighting technology company, has announced the opening of a state-of-the-art Technical Centre in Copenhagen, Denmark. Dialight has chosen this location as the company has been operating out of Copenhagen for many years, developing and producing special solutions for the global wind power industry.
The Copenhagen Technical Centre will support the EMEA […]

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‘Opera Site’ planning process in Limerick commences

    ‘Opera Site’ planning process in Limerick commences

The planning process for the largest single project in the Limerick Twenty Thirty programme, which is transforming the city centre into a dynamic economic hub and living space, has commenced. The special purpose vehicle established last year to deliver over €500 million worth of investment infrastructure across four strategic sites in Limerick City will formally […]

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