Construction BUSINESS

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  • Stark and Growing Gap Between Mortgage and Rent 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 [...]...
  • Residential Property Prices Rise by 8.2% in the Year to September 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 [...]...
  • Grafton Merchanting Joins the Irish Green Building Council Grafton Merchanting, Ireland’s leading building merchanting company has announced that it has joined the Irish Green Building Council (IGBC). The move forms part of Grafton Merchanting’s ongoing commitment to sustainability at a national and local level. Grafton Merchanting is the first reseller to join the IGBC which was set up in 2011 to create a [...]...
  • 70% Believe Irish Government Not Doing a Sufficient Job in Easing the Housing Crisis 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 Successfully Completes First Ever Peer to Peer Property Loan in Ireland 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 [...]...

Northern Ireland Housing Market Continues to Perform Strongly

  Northern Ireland Housing Market Continues to Perform Strongly

The latest Quarterly House Price Index report from Ulster University reveals a relatively healthy housing market with strong but sustainable levels of house price growth over the last 12 months in Northern Ireland. Ulster University’s research is produced in partnership with the Northern Ireland Housing Executive and Progressive Building Society.

Analysing the performance of the Northern […]

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U+I Starts Construction at Ballymoss House, Sandyford, Dublin

  U+I Starts Construction at Ballymoss House, Sandyford, Dublin

U+I, the specialist regeneration and property developer, has commenced construction activity on the Ballymoss House site in Sandyford, in partnership with local contractor Collen Construction. The site which will be rebranded as THE HIVE over the course of its development, will see over 73,000 sq. ft. of office space being re-imagined, with 117 parking spaces and […]

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Call For Reduction in Stamp Duty For First-time Buyers

  Call For Reduction in Stamp Duty For First-time Buyers

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 […]

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Dublin Selected as Host City For Global DIY Summit in 2019

  Dublin Selected as Host City For Global DIY Summit in 2019

Dublin has been selected to host the 2019 Global DIY Summit following a competitive process which included bids from a number of key convention destinations including Rome and Amsterdam. The event, which will take place over the course of two days in the Convention Centre Dublin next June, is expected to generate up to €5 […]

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CRH Completes Phase 1 of Share Buyback Programme

  CRH Completes Phase 1 of Share Buyback Programme

CRH plc has completed the first phase of its share buyback programme, returning €350 million of cash to shareholders.
Between 2 May and 31 July 2018, 11.4 million ordinary shares were repurchased on the London Stock Exchange at an average discount of 0.5% to the volume weighted average price over the period. Details relating to subsequent […]

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Glenveagh Properties Acquires Substantial Site at Tyrrelstown, Dublin

  Glenveagh Properties Acquires Substantial Site at Tyrrelstown, Dublin

Glenveagh Properties has announced a further substantial land acquisition in the Greater Dublin Area (GDA) capable of delivering over 1,250 units. The Irish homebuilder has exchanged contracts to acquire a c.113 hectare site (39 hectares of which are zoned residential) in Tyrrelstown, Dublin 15 which has the potential to deliver over 1,250 residential units. The acquisition, which […]

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Residential Property Prices Rise by 12.4% in the Year to May

  Residential Property Prices Rise by 12.4% in the Year to May

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 […]

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Irish Engineering Firm GDG Combats Geohazards to Overcome Changing Environmental Conditions

  Irish Engineering Firm GDG Combats Geohazards to Overcome Changing Environmental Conditions

Over the past 5 years, Irish owned engineering consultancy, Gavin and Doherty Geosolutions (GDG), have worked on a range of interesting projects across the globe. GDG is a specialist firm focused on the delivery of infrastructure projects involving complex and challenging ground conditions. From their head office in Dublin and supported by regional offices throughout […]

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Plans to Upgrade Ireland’s 1 Million Energy Inefficient Homes

  Plans to Upgrade Ireland’s 1 Million Energy Inefficient Homes

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 […]

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37th Irish Concrete Society Annual Awards – Call For Entries

  37th Irish Concrete Society Annual Awards – Call For Entries

The Irish Concrete Society are now seeking entries to the 37th Annual Awards. Established in 1979, the awards recognise excellence in the use of concrete, irrespective of type, scale or complexity. A coveted award scheme, adjudicated by an distinguished independent jury, these awards acknowledge construction achievements in which concrete, in any form, contributes significantly to […]

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Dublin’s First Major Cost Rental Development

  Dublin’s First Major Cost Rental Development

A Dublin City Council-owned site at Emmet Road in Inchicore, has been selected as the location for Dublin’s first major Cost Rental development. It is expected that the detailed proposal for the site will be brought before the Council in September for approval.
It is envisaged that delivery will be overseen by a dedicated project team […]

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L&M Keating Awarded The KeepWell Mark by Ibec

  L&M Keating Awarded The KeepWell Mark by Ibec

L&M Keating are the first construction company to successfully achieve accreditation for their commitment to employee wellness, safety and health by being awarded The KeepWell Mark by Ibec, Ireland’s largest and most influential business representation organisation.

The KeepWell Mark is a new national accreditation developed by Ibec that recognises organisations who put the wellbeing of employees […]

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Heiton Buckley Unveils Newly Refurbished Mayo Branch

  Heiton Buckley Unveils Newly Refurbished Mayo Branch

Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished branch in Castlebar, County Mayo. GAA star, Andy Moran, CEO of Grafton Merchanting ROI, Patrick Atkinson, Heiton Buckley Castlebar Branch Manager, Mick Kane, and longtime customer Mick Duane officially cut the ribbon and kicked off the […]

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CRH Disposes of Benelux DIY Business For €510 Million

  CRH Disposes of Benelux DIY Business For €510 Million

CRH plc, the global building materials group, has completed the divestment of its DIY business in the Netherlands and Belgium, together with certain related property assets, to Intergamma, the Dutch DIY franchise organisation, and a US real estate investor for a total consideration of €510 million.
The disposal follows a strategic review of CRH’s Europe Distribution […]

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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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Turnover in Top Construction Firms Grows to €6.72 Billion

  Turnover in Top Construction Firms Grows to €6.72 Billion

The combined turnover of Ireland’s top construction firms has increased by €720 million on last year according to Construction Magazine’s annual Top 50 CIF Contractors listing for 2018. The annual listing gives a snapshot of the overall growth in Irish construction as it delivers many larges cale projects throughout Ireland and the world, attracting foreign […]

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Brooks to Reduce Energy Bills by €90,000 by Switching on to Smarter Lighting

  Brooks to Reduce Energy Bills by €90,000 by Switching on to Smarter Lighting

Brooks, one of Ireland’s longest established timber distributors and builders merchants, will reduce their lighting costs by over €91,000 per annum by switching to energy efficient LED lighting. This will be a nearly 70% reduction in energy costs. eLight, the LED lighting experts, installed over 1400 new lighting products in Brooks 7 stores nationwide. These […]

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BAM Wins €25 Million Contract to Build New Cheese Factory in Cork

  BAM Wins €25 Million Contract to Build New Cheese Factory in Cork

TINE Ireland, a subsidiary of the Norwegian dairy co-operative TINE, has awarded the construction of a new Jarlsberg® cheese production facility and administration building at Mogeely, County Cork, to BAM Ireland. The contract value is more than €25 million. TINE is Norway’s largest producer, distributor and exporter of dairy products with 11,400 members (owners) and […]

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McAleer & Rushe Transforming Edinburgh’s Old Town

  McAleer & Rushe Transforming Edinburgh’s Old Town

The new UK Government hub planned for New Waverley in the heart of Edinburgh’s Old Town, which is being constructed by Northern Ireland-based design and build company McAleer & Rushe, has reached a significant milestone with the official ‘Topping Out’ of the office scheme. The project which is transforming a UNESCO Heritage site, in one […]

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National Project Awards 2018 Open For Entries

  National Project Awards 2018 Open For Entries

Entries for the Ireland Chapter of Project Management Institute’s (PMI) National Project Awards, sponsored by PwC, are open. Over 120 applicants entered the awards last year, which celebrate the country’s leading project managers and teams and their forward-thinking projects. This year the Awards recognise the importance of community-led non-profit projects with the introduction of a new […]

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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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Home For Life is a New Participant in the Mortgage to Rent Scheme

  Home For Life is a New Participant in the Mortgage to Rent Scheme

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 […]

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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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UK National Construction Expo – 18th September 2018 – The Arena MK, Milton Keynes, England

  UK National Construction Expo – 18th September 2018 – The Arena MK, Milton Keynes, England

The National Construction Expo, which is being held in the Arena MK at Milton Keynes on Tuesday, 18th September 2018, is expected to attract over 2,000 visitors. The purpose of the National Construction Expo is to stimulate debate, enrich knowledge and connect stakeholders involved in the finance, design, construction and management of UK buildings, infrastructure […]

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Heiton Buckley Unveils Newly Refurbished Monaghan Branch

  Heiton Buckley Unveils Newly Refurbished Monaghan Branch

Heiton Buckley, Ireland’s leading supplier of doors, floors, bathrooms, garden, plumbing and heating products, has officially unveiled its newly refurbished Monaghan branch. Located in Milltown, the branch was originally opened in November 1984 as Pattons of Monaghan and was owned and operated by David Patton before being acquired by Heiton Buckley on the 14th of October 1996. […]

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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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Failed Projects Cost Irish Companies €580,000

  Failed Projects Cost Irish Companies €580,000

PM Summit, Ireland’s most diverse conference for project, programme and portfolio management professionals, has announced the results of a new survey which reveals that failed projects cost Irish companies on average €580,000. The research, which involved 407 project management professionals in Ireland from a broad range of sectors and was carried out with the assistance […]

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CIF Honours 100 year-old Carpenter Paul Fogarty

  CIF Honours 100 year-old Carpenter Paul Fogarty

The Construction Industry Federation (CIF) and the Construction Worker’s Pension Scheme (CWPS) have honoured Paul Fogarty, who recently celebrated his 100th birthday. Mr Fogarty was honoured for his outstanding contribution to the construction industry and his beloved trade of carpentry, throughout the last century.

Dominic Doheny, CIF President, presented Mr Fogarty with a copy of Photographer […]

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Successful Year For Sisk

  Successful Year For Sisk

John Sisk & Son (Sisk), the innovative, engineering and construction company with extensive operations across Ireland, the United Kingdom and mainland Europe, has reported a strong outcome for its 2017 financial year in both profitability and business development.
Although turnover decreased by 5% to €792.2 million for the year ended 31 December 2017, pre-tax profit increased […]

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Ibec Warns of Skills Shortages in Construction Sector

  Ibec Warns of Skills Shortages in Construction Sector

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 […]

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