Construction BUSINESS

Property

RTÉ land at Donnybrook sells for €107.5m

    RTÉ land at Donnybrook sells for €107.5m

RTÉ has accepted a bid of €107.5 million from property group Cairn Homes for 8.64 acres of land at its Montrose complex in Donnybrook. In a statement released this week,

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Metropole hotel in Cork to get €50m revamp

    Metropole hotel in Cork to get €50m revamp

One of Cork’s most historic hotels, the Metropole, is set to get a €50 million investment that will double its rooms tally, add shops at ground level and see the

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Irish commercial property lending business launched by Timbercreek

    Irish commercial property lending business launched by Timbercreek

Canadian property investment firm, Timbercreek Asset Management, has launched its Irish commercial property lending business, with €200 million available to support property investment projects. Paul Roddy will lead Timbercreek’s Irish

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NI’s largest office building gets green light

    NI’s largest office building gets green light

Planning permission has been approved for Northern Ireland’s largest office building, One Bankmore Square. When complete, the Belfast building will extend to 250,000sq ft of office space, complete with 8,000sq

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JP Morgan to buy 200 Capital Dock in Dublin

    JP Morgan to buy 200 Capital Dock in Dublin

JP Morgan has agreed a deal to buy 200 Capital Dock in Dublin city centre as part of its plans to create up to 500 new jobs here. According to

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Contractor sought for Dublin’s tallest building

    Contractor sought for Dublin’s tallest building

Dublin’s tallest office building, The Exo, will stand at 73m high and could accommodate up to 2,000 office workers. Located at Point Square in Dublin’s Dockland’s, it was announced this

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Residential property prices rise by 10.7% in the year to February

    Residential property prices rise by 10.7% in the year to February

According to the latest property price index from the Central Statistics Office (CSO), residential property prices at national level increased by 10.7% in the year to February. This compares with

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Fawaz Alhokair Group plans shopping centre in Waterford City

    Fawaz Alhokair Group plans shopping centre in Waterford City

Saudi Arabia’s Fawaz Alhokair Group is believed to be acquiring two Waterford City centre sites for a new shopping centre and other commercial facilities with a planned spend of around

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Galway Irish Crystal buildings sells for €3.5m

    Galway Irish Crystal buildings sells for €3.5m

The Galway Irish Crystal showrooms and factory at Old Dublin Road, opposite Merlin Park Hospital in Galway, has been bought by the resident company for approximately €3.5 million. Developer Bernard

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€125m City Quay Development secures funding

    €125m City Quay Development secures funding

City Development Fund, a sub-fund of Targeted Investment Opportunities ICAV (TIO) has just confirmed that Irish Life will pre-fund the €125 million development of 13-18 City Quay in Dublin’s docklands.

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€75m for residential development site on RTE campus

    €75m for residential development site on RTE campus

Savills has just announced the sale of prime development lands in Donnybrook, Dublin 4 – one of the City’s most prestigious and high value residential locations. Entitled ‘Project Montrose’ the

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Tax breaks for ‘accidental landlords’ to boost supply in rental market

    Tax breaks for ‘accidental landlords’ to boost supply in rental market

The Department of Finance has announced that tax breaks for “accidental landlords” could be applied to keep properties in the rental market and boost supply. These tax breaks would also

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No planning required to change commercial buildings to housing

    No planning required to change commercial buildings to housing

Under new regulations being drafted by the Department of Housing, owners of empty commercial buildings will be able to convert their properties into apartments without seeking planning permission. Vacant residential buildings

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European Investment Bank Backs €405 Million Investment in Social Housing

    European Investment Bank Backs €405 Million Investment in Social Housing

The European Investment Bank confirmed on Thursday support for record new investment in social housing totalling €405 million that will construct and improve thousands of properties across Ireland. It is

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Coveney announces €32 Million for Repair and Leasing Scheme

    Coveney announces €32 Million for Repair and Leasing Scheme

The Minister for Housing, Planning, Community & Local Government Simon Coveney announced on Thursday that the pilot scheme that targets vacant properties and secures them for social housing, by financing

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Mortgages Valuing €1.81 Billion Drawn Down in Q4

    Mortgages Valuing €1.81 Billion Drawn Down in Q4

9,115 mortgages, valued at €1.81 billion were  drawn down in the fourth quarter of 2016, according to figures released by Banking and Payments Federation Ireland on Thursday. These latest figures

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Mortgage Approvals Increase by 30.7 Percent in Final Quarter of 2016

    Mortgage Approvals Increase by 30.7 Percent in Final Quarter of 2016

The number of mortgages approved in the three months ending December 2016 rose by 30.7% year-on-year and fell  by 6.9% month-on-month, according to figures released by the Banking & Payments Federation Ireland on

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New Home Searches Increase by 125% – Daft.ie

    New Home Searches Increase by 125% – Daft.ie

Searches for new homes increased by 125% on the back of the Help-to-Buy scheme launch, according to Irish property website Daft.ie. The website, which has 2.21 million unique users per month,

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€20 Million Office Development Launched in Cork City

    €20 Million Office Development Launched in Cork City

A €20 million office development at Camden Place will provide 150 construction jobs with up to 500 jobs coming on-stream in Cork city centre on completion, the Cork Chamber of

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Hines and Peterson Group Acquire Landmark Dublin Properties

    Hines and Peterson Group Acquire Landmark Dublin Properties

Real estate companies Hines and Peterson Group have entered a partnership to acquire two iconic Dublin properties – the Central Bank buildings on Dame Street and 2 Grand Parade in

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Construction Production up 0.4 Percent in the EU

    Construction Production up 0.4 Percent in the EU

Seasonally-adjusted production in the construction sector increased by 0.4% in both the euro area and the 28 EU member states in November compared with October, Eurostat, the statistical office of the

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1.8 Acre Residential Development Opportunity in Dundrum

CBRE on Monday offered a residential development opportunity at Annefield House, Taney Road, Dundrum, Dublin 14 to the open market by way of Private Treaty. The site, extending to approximately

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Investment In Irish Commercial Property Reached €4.5 Billion In 2016

    Investment In Irish Commercial Property Reached €4.5 Billion In 2016

Commercial property consultants CBRE Ireland released statistics on Friday, detailing the volume and value of investment in Irish commercial property in 2016 and showing that a total of €4.5 billion

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House Price Inflation May Hit Double-Digit Levels in 2017

    House Price Inflation May Hit Double-Digit Levels in 2017

Irish house price inflation is set to accelerate in 2017, potentially reaching double-digit levels, according to the MyHome.ie property report

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Mortgage Approvals Rise by 30.8%

    Mortgage Approvals Rise by 30.8%

The number of mortgages approved rose by 30.8% year-on-year and  increased by 2.0% month-on-month, according to the latest figures from

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Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

    Dublin Warehouse Nets Most Bids Ever Recorded at Allsop Online Auction

Allsop’s final auction of 2016 took place this week with 158 properties sold and total sales of over €28m, Daft.ie’s

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Planning Permissions Granted for Apartments Increase by 304.5%

    Planning Permissions Granted for Apartments Increase by 304.5%

The number of apartment dwelling units granted planning permission in the third quarter of 2016 rose to 1,452, up from

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DART & Luas Map Illustrates Dublin Rental Prices

    DART & Luas Map Illustrates Dublin Rental Prices

A map of Luas and DART stops, published by Daft on Friday, highlights the most and least expensive areas to

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Dublin Ranked Fourth Most Attractive City for Property Investment

Dublin is the fourth most attractive city in Europe for real estate investment, according to an analysis by PwC and

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Sligo East City Regeneration Project Launched in Cranmore

    Sligo East City Regeneration Project Launched in Cranmore

The Sligo East City, Cranmore and Environs Regeneration Project was launched at a showcase community event in Cranmore, Sligo on

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Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

    Retail Property Rents Predicted to Grow 7-10% Over Next Two Years

Retail property rents are expected to see increases of between 7 and 10 percent over the next 2 year,s according

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25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

    25% of Homes That Qualify for the First-Time Buyers Scheme Located In Dublin

Research conducted by Daft.ie has found that 25% of available projects that qualify for the first-time buyers scheme are located

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AIB Says Loans to Contribute More Than 1,000 New Hotel Bedrooms in Ireland Within 18 Months

    AIB Says Loans to Contribute More Than 1,000 New Hotel Bedrooms in Ireland Within 18 Months

AIB announced on Tuesday, November 22, that it had approved over €300 million in loans to the hotel sector in

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€30 Million Retail Centre Planned for Bray

    €30 Million Retail Centre Planned for Bray

A development partner is being sought to develop a 2.4 acre site, previously known as the ‘Florentine Centre’, in Bray,

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136 New Office Buildings to be Built in Dublin

    136 New Office Buildings to be Built in Dublin

136 new office buildings, totaling more than 12 million square feet, are planned to be built in Dublin over the

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Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

    Daft.ie Rent Report Blames ‘Systemic Failure’ for Lack of Construction

The Daft.ie Rental Report for the third quarter of 2016, released on Tuesday, November 8, called the lack of residential

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Hines set to acquire ‘Grafton collection’ for €55 million

    Hines set to acquire ‘Grafton collection’ for €55 million

The Grafton collection, a multi-let block of retail buildings at the junction of Grafton Street and Duke Street in Dublin,

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Dún Laoghaire’s Pavilion up for sale for €9.6 million

    Dún Laoghaire’s Pavilion up for sale for €9.6 million

Located just opposite the harbour and the DART station, Dún Laoghaire’s Pavilion development has been placed on the market with

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Dublin rental sector growing “explosively”, says new report

    Dublin rental sector growing “explosively”, says new report

Nearly a quarter of all households in Dublin are living in private rental accommodation, according to new research based on

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Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

    Planning system delays adding €4,000 to homebuilding costs, Oireachtas committee hears

Delays as long as 18 months for housing developments to go through the planning system could be adding as much

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“Controversial” planning application to build houses on playing fields shelved

    “Controversial” planning application to build houses on playing fields shelved

Developers Greg Kavanagh and Patrick Crean have pulled out of a planning application to build more than 350 homes and

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Simon Coveney launches “Pillar 2” of housing action plan

    Simon Coveney launches “Pillar 2” of housing action plan

Minister for Housing, Planning, Community and Local Government, Simon Coveney, has announced the details of Pillar 2 ‘Accelerate Social Housing’

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Ballymore launches new “Dublin Landings” docklands development

    Ballymore launches new “Dublin Landings” docklands development

Private property group Ballymore has officially launched its new docklands development, Dublin Landings, at an event at the CHQ Building

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Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

    Up to 75,000 construction jobs could be added by 2020 as part of “Rebuilding Ireland” initiative

Delegates at the Construction Industry Federation’s (CIF) annual conference at Croke Park have heard how the construction industry will play

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Construction projects’ value rises over €1 billion in first half of 2016

    Construction projects’ value rises over €1 billion in first half of 2016

New figures provided by the Building Information Index suggest that the value of construction projects in Ireland has risen significantly

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Supply issues hurting housing market as prices set to rise, according to reports

    Supply issues hurting housing market as prices set to rise, according to reports

Two new reports on the Irish housing market, commissioned by myhome.ie and daft.ie respectively, have warned of the shortfall in

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Rabobank HQ in D2 up for sale for €45 million

    Rabobank HQ in D2 up for sale for €45 million

Rabobank’s headquarters at Charlemont Exchange on the banks of the Grand Canal in Dublin 2 is up for sale for

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Central Bank lending limits will mean less houses built, claims ESRI

    Central Bank lending limits will mean less houses built, claims ESRI

The Economic and Social Research Institute (ESRI) has issued a warning for house construction in their latest Quarterly Economic Commentary

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New homes supply significantly lower than official figures suggest, claims expert

    New homes supply significantly lower than official figures suggest, claims expert

A leading housing academic has claimed that the supply of new homes in Ireland may up to 75% less than

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Planning permission granted for 22,000 sq m development at Liffey Valley Shopping Centre

A 22,000 sq m development at Liffey Valley Shopping Centre in Dublin has been granted planning permission. The development will include

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Residents try to block plans for €50m luxury apartments in Dublin 4

A group of Dublin 4 residents are trying block plans by Denis O’Brien-backed property firm from constructing a new €50m

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Kennedy Wilson Aware of both Risks and Opportunities in Irish Market Due to Brexit

Kennedy Wilson has stated it is aware of both the risks and opportunities that may occur in the investment and occupier markets, due to Brexit.

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Dublin Docks Hotel Development Delayed as Demand for City Rooms Increases

Paddy McKillen Jr of Chirita Ltd has said he is confident he can agree a plan with Dublin City Counci to go forward with plans to build a new 93-bedroom hotel on North Wall Quay located in Dublin’s docklands.

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Twelfth Lock Hotel Sold for €2.4m

The Twelfth Lock Hotel, which overlooks the Royal Canal at Castleknock in Dublin has been sold for approximately €2.4m in a private contract sale.

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Proportion of Irish Homes Bought by Cash Buyers Rise Significantly After Property Crash

As reported by Central Bank economists who conducted new research, the proportion of houses and apartments purchased by cash buyers rose from 25% at the peak of the property boom to 60% in 2014.

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Comreg’s Gets New Location at One Dockland Central

One Dockland Central in Dublin’s IFSC is now the home of Communications regulator, Comreg, having signed a 20-year lease.

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Nama’s sale of €1.5bn Project Tolka Delayed Due to Incomplete Paperwork

The expected removal by Nama of Project Tolka, a sale of approximately €1.5bn, is certain to be postponed beyond August 31, the date by which it had been assumed to be put on the market.

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Liffey Valley Shopping Centre on Sale for €600m

The Liffey Valley shopping centre, located in west Dublin, is due to go on the market with an asking price of at least €600m following the selection by its owners of Eastdil Secured LLC to broker the purchase.

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