Street art, greening projects, parklets, creative seating, atmospheric lighting and new unique events are just some of the projects which could be supported under Cork City Council’s new City Centre Placemaking Fund. The aim of this initiative is to support projects which will enhance, improve, and enliven people’s experience of Cork city centre, increase footfall and […]
Property
€3.6 billion of Irish property traded during the year 2018 across nearly 200 deals. This level is significantly higher than 2017, when €2.2 billion traded. This is a 58% increase year-on-year. Total volumes were boosted by a significant increase in larger-sized transactions, with 21 deals greater than €50 million, of which 11 were greater than […]
Dublin estate agents expect property values to rise by an average of 3.8% this year – less than half the increase predicted in 2018, according to the 2019 Sunday Times Dublin Property Price Guide. Now in its 16th year, The Sunday Times Property Price Guide is the authoritative guide to the Dublin property market, featuring interviews […]
U+I, the property developer and investor focused on regeneration, is continuing to expand its Dublin pipeline with the acquisition of the White Heather industrial estate on the South Circular Road in Dublin 8. The site, located near the historic Liberties area of Dublin, boasts exceptional development potential with frontage directly overlooking the Grand Canal.
The White […]
John Sisk & Son (Sisk), Ireland’s leading provider of construction services, and Designer Group, the Dublin headquartered, international electrical and mechanical engineering business, have agreed to form a joint venture. Subject to approval from the Competition and Consumer Protection Commission, Sisk will acquire, for an undisclosed consideration, a 50% holding in Designer Group’s Facilities Management business, a […]
A joint venture of U+I and investment vehicles managed by Colony Capital, has secured consent from An Bord Pleanála to radically transform and extend the landmark Carrisbrook House office building in Dublin 4. Carrisbrook House, an eight-storey building originally built in 1969 on the corner of Pembroke Road and Lansdowne Road, is to be completely […]
Eoghan Murphy, TD, Minister for Housing, Planning and Local Government has issued Urban Development and Building Heights Guidelines for Planning Authorities under Section 28 of the Planning and Development Act (2000), as amended. These Guidelines set out new and updated national planning policy on building heights in relation to urban areas, elaborating on the strategic […]
McAleer & Rushe has announced that a speculative office development in Brighton has been fully let ahead of completion in 2019. The Brinell Building is a newly developed 65,253 sq ft Grade A, seven-storey office building.
The Brinell Building achieved record rents for the city with each pre-let transaction, topping out at £32.00 per sq ft. Unity […]
Fáilte Ireland has highlighted major investment opportunities in hotel stock in key cities. Its latest report on the current and future availability of accommodation shows that there is significant opportunity in Kilkenny for further bed capacity, while Galway also has scope for greater accommodation supply, following strong year-on-year growth in the number of overseas tourists […]
One of Ireland’s Leading Property Developers, Burkeway Homes, has been granted planning permission for a new 197-unit residential development. This 18-acre site is situated in the quaint suburban coastal village of Bearna.
With a Gross Development Value of €60 million, this impressive new development is due to commence in January, with Phase 1 house sales launching […]
Glenveagh Properties has completed two infill acquisitions in Dublin and Cork for a combined cost of about €20 million capable of delivering over 265 residential units. Including the latest acquisitions, the company’s landbank is now capable of providing 11,634 residential units. 53% of these units are located in Dublin and 83% are located in the Greater […]
Responding to the latest CSO house price figures indicating a continuing slowing in the rate of house price increases, 5.8pc in Dublin in the year to September and 10.8pc in the Rest of Ireland, Brokers Ireland pointed to a growing gap between repaying a mortgage on a home and paying rent on a similar home.
Rachel […]
In the year to September, residential property prices at national level increased by 8.2%, according to the CSO. This compares with an increase of 8.9% in the year to August and an increase of 12.0% in the twelve months to September 2017.
In Dublin, residential property prices increased by 5.8% in the year to September. Dublin […]
The findings of a nationally representative survey recently conducted by iReach highlight the pessimism of Irish people about the current state of housing and homelessness. The results also demonstrate a lack of faith from the public in the Government’s approach to the issue.
66% of people were not confident that Minister for Housing Eoghan Murphy’s most […]
Propertybridges.com, Ireland’s new peer to peer lender to the property development marketplace, has just successfully fulfilled its first loan. Over 100 lenders piled into the 250k loan for a new mews build in Sandycove, County Dublin and supported the small developer as well as made 8.5% return for themselves. The whole process took less than […]
Funded by the Government of Ireland, the Sustainable Energy Authority of Ireland (SEAI) has announced the winners of its Sustainable Energy Awards. The Rediscovery Centre in Ballymun, Dublin received the Buildings Award. The Awards reward excellence in energy management in businesses, communities and public sector organisations.
The Rediscovery Centre is a creative space in Ballymun connecting […]
PropertyBridges.com – a new Irish owned peer to peer property development company – has opened for business and has launched Ireland’s first peer to peer property development investment opportunity. The PropertyBridges.com platform will raise money for small developers, small construction companies and private companies looking to develop housing and match them with thousands of lenders […]
Fingal County Council has approved the drawdown of an €8 million loan from the European Investment Bank (EIB) as it prepares to roll out its ambitious €588 million Capital Programme over the next three years. Last December. Fingal County Council signed an historic agreement with the EIB to secure a €70 million loan facility to support […]
Property Industry Ireland (PII), the Ibec group for businesses working in the property sector, has welcomed the housing measures in Budget 2019 as positive but maintains that much more needs to be done. Dr David Duffy, Director, Property Industry Ireland (PII), commented: “The increase in spending on social housing is welcome but the emphasis must […]
New research commissioned by specialist regeneration and property developer U+I shows that Dublin’s housing crisis is seriously hampering business’ efforts to recruit and retain talent in the city. The Housing availability, recruitment and retention in Dublin research, conducted by market research company Behaviour & Attitudes*, surveyed over 100 senior hiring managers representing large national and international employers […]
The Government has launched the Land Development Agency to build 150,000 new homes over the next 20 years, the next step of Project Ireland 2040. The new Agency has an immediate focus on managing the State’s own lands to develop new homes, and regenerate under-utilised sites. In the longer-term it will assemble strategic landbanks from […]
The Government has announced €8 million in funding to support 45 innovative energy projects in companies and research institutions across Ireland. The Sustainable Energy Authority of Ireland (SEAI) is responsible for awarding the funding to the 45 projects which aim to develop solutions that will help our homes, businesses and communities deliver a cleaner energy future. […]
Whitbread, the owner of the Premier Inn hotel chain, has secured planning permission for a 97-bedroom Premier Inn hotel at 41–46 South Great Georges Street, in its first site in Dublin city centre. The decision represents the first step towards fulfilling Whitbread’s requirement for between 1,500 to 2,000 Premier Inn bedrooms in Dublin, with Ireland […]
Specialist regeneration and property developer U+I, in joint venture with Colony Capital, has announced the launch of the redeveloped Donnybrook House. Donnybrook House is a landmark six-storey office development in the heart of Donnybrook village in Dublin.
Formerly an outdated and vacant office building, award-winning architects Henry J. Lyons have redesigned and reconfigured Donnybrook House to create […]
A call for stamp duty to revert to 2pc to enable more aspiring first-time buyers acquire once off sites to build homes has been called for by IPAV, the Institute of Professional Auctioneers & Valuers, which says last year’s hike from 2pc to 6pc is adversely affecting the cost of a new house for first-time buyers. Launching its […]
In the year to May, residential property prices at national level increased by 12.4%, according to the CSO. This compares with an increase of 13.5% in the year to April and an increase of 10.9% in the twelve months to May 2017.
In Dublin, residential property prices increased by 10.7% in the year to May. Dublin […]
Over 200 building professionals, including architects, specifiers, builders, plumbers, engineers and researchers, gathered at SEAI’s second Annual Deep Retrofit Conference in the Aviva in Dublin. The conference brought together building energy efficiency experts from Ireland and Europe to discuss solutions to upgrading Ireland’s homes.
As many as one million homes built in the last century are considered […]
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’ […]
The Government has welcomed Home For Life Ltd as a new participant in the Mortgage to Rent [MTR] scheme, where they will work in tandem with local authorities as landlords providing a long term solution for those in mortgage distress. The announcement coincides with the launch by the Department of Housing Planning and Local Government […]
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 […]
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 […]
Although the latest CSO figures indicate that employment is up 2.9% annually in the first quarter of 2018, Property Industry Ireland, the Ibec group that represents businesses operating in the property sector, has said that the growth in overall employment numbers masks the situation of the construction sector.
The new CSO projections suggest that over 840,000 […]
In the year to April, residential property prices at national level increased by 13.0%, according to the latest CSO figures. This compares with an increase of 12.6% in the year to March and an increase of 9.5% in the twelve months to April 2017.
In Dublin, residential property prices increased by 12.5% in the year to […]
The current housing market is failing our younger generations, according to Ella Dunphy (pictured) of DNG, who recently became the first woman President of IPAV, the Institute of Professional Auctioneers & Valuers. She was speaking at the organisation’s AGM and annual conference at the Lyrath Estate Hotel, Kilkenny.
“It’s a market where those with the greatest […]
The KPMG Irish Independent Property Industry Excellence Awards 2018, which serve as a beacon for excellence in the Irish property sector, are open for entries. Award winners set the benchmark for professionalism and showcase the best that industry stakeholders have to offer.
The Irish property industry is going from strength to strength, and if you believe […]
The Government has published the sixth annual progress report and seventh housing survey on tackling the issue of unfinished housing developments. This reveals a 91% reduction in the unfinished developments since 2010 from almost 3,000 to 256. 2017 saw the resolution of 165 developments.
The report includes the results from the 2017 National Housing Development Survey […]
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 […]
Following a complaint, the European Commission has assessed whether the Irish National Asset Management Agency (NAMA) has benefited from illegal State aid and whether it granted undue advantages to certain property developers. The Commission has concluded that NAMA did not breach EU State aid rules.
Commissioner Margrethe Vestager, in charge of competition policy, said: “We have carefully […]
The Osprey Hotel in Naas, Co. Kildare, has commenced work on the creation of abrand new state-of-the-art spa as part of a major renovation project. The new spa is set to cost in the region of €1.1 million and will have luxury features, fittings and facilities.
The spa has been designed by renowned celebrity architect and star of RTÉ’s Home of the Year, Hugh Wallace. Hugh, along with […]
The Rebuilding Ireland Home Loan, a new Government-backed mortgage for first-time buyers, will be available nationwide from local authorities from Thursday, 1 February 2018. The loan can be used both for new and second-hand properties, or to build your own home.
In line with Central Bank rules, a person or couple can borrow up to 90% […]
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 […]
International tech companies continued to dominate the capital’s commercial office market in 2017 and are expected to do so again this year. Analysis from the Lisney report, Lisney 2018, ‘Our View’ highlights the impact these large and rapidly expanding companies are having on the market. Facebook and Google alone are on track to occupy 4% of all […]
In the year to November, residential property prices at national level increased by 11.6%, according to the CSO’s Residential Property Price Index November 2017 report. This compares with an increase of 11.8% in the year to October and an increase of 9.2% in the twelve months to November 2016.
In Dublin, residential property prices increased by […]
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 […]
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 […]
The latest Commercial Real Estate (CRE) Sentiment Tracker from Origin Capital, completed by 180 industry professionals, identified industry concerns about the current planning regulations and processes in Ireland and the recent increase in commercial property stamp duty as being among the risks faced within the sector.
Findings on CRE in Ireland generally:
84% believed that planning regulations […]
800 of Ireland’s property industry stakeholders; commercial & residential agencies, developers, architects, designers, investment managers and contractors convened at the Convention Centre Dublin recently for the announcement of the winners of the highly contested KPMG Irish Independent Property Industry Excellence Awards. Over 120 shortlisted nominations were judged across 11 categories where the standard of entries […]
Sales at Lansdowne Place, Chartered Land’s luxury residential development in Ballsbridge, have surpassed targets with over €100 million secured from sales to date. The prices achieved equate to over €1,000 per sq. ft. setting new records for the Dublin property market.
The Templeton, which was the first building to come on the market, and The Blake, launched […]
The O’Loughlin family run, four-star Keadeen Hotel in Newbridge, Co. Kildare has just completed a €3 million renovation programme which has seen some major works taking place both in and outside the well-known Kildare property. The renovation programme started 18 months ago when a new Honeymoon Suite was created and many of the bedrooms were […]
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 […]
Responding to the latest CSO house price data showing continued acceleration in property prices with Dublin prices increasing by 12.2% in the year to September and prices in the rest of Ireland rising by 13.2% in the same period, Brokers Ireland which represents 1,300 broker firms, said “the deteriorating situation is very worrying.”
Diarmuid Kelly (pictured), Chief […]
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 […]
According to the Residential Tenancies Board, private sector rents grew 6.6% in the year end to the end of June this year. However, the rate of increase in the second quarter was marginally slower than in Quarter 1. The standardised average national rent stood at €1,017 per month in Q2, 2017 – up by €63 – […]
Targeted Investment Opportunities (‘TIO’) has announced that it hopes to initiate construction on a significant commercial development at 91-94 North Wall Quay this autumn. TIO are currently seeking an amendment to the existing planning permission that will allow construction to commence on a large new development to include a luxury hotel and over a quarter […]
Over 700 people working in the Irish property industry took part in the inaugural Dragons At the Docks dragon boat racing event, which has raised over €200,000 for the Dublin Simon Community and local charities. The overall winner was the team from Sisk, with Hooke & McDonald coming second, and Goodbody coming third in a […]
Smithfield Lofts – a well-located apartment block on North King Street, Dublin 7, has been brought to the market by Savills Ireland. The asset will be offered for sale by private treaty with a guide price of €9,250,000, which equates to a gross income yield of 6.6% and an average breakup value of €185,000 per […]
According to Nationwide, house price growth slowed to 2.1% in August, from 2.9% in July, amid fears Brexit-fuelled inflation is placing pressure on household spending. Property values fell for the first time since May, down 0.1% month-on-month to an average of £210,495. The number of mortgages approved for house purchases fell to a nine-month low of […]
The 123.ie Irish House & Home Survey has revealed that affordability is a huge issue for those not currently on the property ladder with almost one in five (19%) reporting that that they don’t think they’ll ever be in a position to buy their own home, despite the fact that 91% of adults currently renting […]
The Magazine – Construction Summit
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