Construction BUSINESS

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  • U+I and Colony Capital Granted Planning For Carrisbrook House Redevelopment in Dublin 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 [...]...
  • The Digital Hub Selects Architect and Project Management Firms to Support its Development The Digital Hub, Ireland’s largest and most established cluster of technology, digital media and internet companies, has announced the appointment of Scott Tallon Walker Architects and KSN Project Management to support the development of The Digital Hub. Following an EU-wide tendering process, Scott Tallon Walker Architects has been selected as the Design Team and KSN [...]...
  • NSAI Publishes Protocol to Assess Homes Suspected of Being Affected by Mica or Pyrite The National Standards Authority of Ireland (NSAI) has published a standard protocol called I.S. 465. This protocol will be used by engineers, geologists and laboratories to assess, test and categorise the damage in properties negatively affected by defective concrete blocks, due to excessive free muscovite mica and pyrite. It will also give guidance on remedial [...]...
  • New Guidelines on Urban Development and Building Heights For Local Authorities 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 [...]...
  • 2018 Sisk Supply Chain Awards Winners John Sisk & Son, Ireland’s leading provider of construction services with extensive operations across Ireland, the United Kingdom and mainland Europe, has announced the winners of its Supply Chain Awards for 2018. Sisk spent a total of €1 billion with its supply chain in 2018 while the construction business also confirmed it has a total [...]...

Increase in construction activity, jobs & sentiment

  Increase in construction activity, jobs & sentiment

The Irish construction sector posted another sharp rise in activity in November, helped by accelerated growth of new business. The rate of job creation also quickened, while sentiment among constructors reached a near-record high.
The Ulster Bank Construction Purchasing Managers’ Index, a seasonally adjusted index designed to track changes in total construction activity, posted 55.5 […]

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Global student housing firms set for €250m Dublin venture

  Global student housing firms set for €250m Dublin venture

Chicago-based Harrison Street Real Estate Capital has teamed up with London-headquartered GSA Investment Management to provide €250m to built student accommodation in Dublin over the next five years.
The world’s biggest investor in student accommodation is to pump a quarter of a billion euro into the Dublin market in a joint venture that will see a […]

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PM Group appoints Fred Barry as new Non-Executive Director

  PM Group appoints Fred Barry as new Non-Executive Director

Mr. Fred Barry has been appointed as a Non-Executive Director of Project Management Holdings (PM Group), the Irish headquartered international project delivery specialists.
Fred Barry has over 30 years’ experience in senior leadership positions in the public and private sectors. He is the former Chief Executive of the National Roads Authority (NRA) in Ireland and a […]

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FBD Property applies for €5.5 million development of Castleknock hotel

  FBD Property applies for €5.5 million development of Castleknock hotel

FBD Property and Leisure Ltd is to spend €5.5 million on the expansion and upgrading of its successful Castleknock Hotel and Country Club in north Dublin. Planning permission has been sought for an additional 43 bedrooms and three extra suites, which will bring the room capacity up to 190.
The planned expansion, which would create up […]

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Work to begin on €111m office development in Dublin’s docklands

  Work to begin on €111m office development in Dublin’s docklands

Work is set to begin this week on a €111 million commercial development on the North Wall Quay in Dublin’s docklands that was dubbed Project Wave by the National Asset Management Agency (Nama).
Piling and ground works will begin on the site at 72-80 North Wall Quay where two office blocks are planned in the first […]

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Some 2,300 Nama-funded homes to be finished within weeks

  Some 2,300 Nama-funded homes to be finished within weeks

About 2,300 homes will be completed in the coming weeks on lands owned by Nama debtors and receivers, with another 2,200 houses and apartments expected to be finished by the end of next year, following Nama’s plan to spend €5.6 billion on funding work on 20,000 homes to be put up for sale within the […]

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Nama provides €170m to fund Boland’s Mills redevelopment

  Nama provides €170m to fund Boland’s Mills redevelopment

The National Asset Management Agency has made €170 million in funding available for work to begin on the redevelopment of the iconic Boland’s Mills site in Dublin’s docklands.
Nama is funding the demolition and enabling works phase at the newly-branded Boland’s Quay site over the next 10 months and has committed to funding all construction work, […]

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Scott Tallon Walker records operating loss of €545,996

  Scott Tallon Walker records operating loss of €545,996

Architectural firm which co-designed the Aviva Stadium saw revenues rise to €4.8m. However, the multi-award-winning building designers recorded an operating loss of €545,996 last year (2014).
The company, which co-designed the Aviva Stadium had made profit of €777,961 the previous year (2013).
The loss comes despite a rising turnover, with revenues increasing from €4.1 million in 2013 […]

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NAMA to invest €7.5 billion in development programme

  NAMA to invest €7.5 billion in development programme

The National Asset Management Agency has announced today plans for a €7.5 billion development programme to deliver about 4 million sq ft of new commercial space in Dublin’s docklands, and 20,000 new homes in the city and other areas of strong demand. These developments are expected to generate up to 30,000 jobs when construction is […]

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Limerick Institute of Technology to build new campus

  Limerick Institute of Technology to build new campus

Limerick Institute of Technology (LIT) will create 100 new jobs following confirmation that it is to open a “game-changing” new campus on the site of the Coonagh Cross shopping complex.
Another 134 jobs will be created during the construction phase, which is due to start early next year. Students from LIT are expected to start attending […]

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US developer Hines to build 3,800 homes in south Dublin

  US developer Hines to build 3,800 homes in south Dublin

US developer Hines’ Irish arm is submitting a planning application to develop roads, parks and other infrastructure to allow the first stage in the construction of a new Town Centre and upgraded Business Park at the Cherrywood Strategic Development Zone (SDZ) in south Dublin.
Planning permission is being sought for 5.4 km of new roads while […]

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New urban centre planned for Dublin 4

  New urban centre planned for Dublin 4

The first phase of a major new urban centre planned for Ballsbridge in Dublin 4, is being launched today through a marketing campaign for high quality offices due to be completed within two years.
One Ballsbridge will have a mixture of offices, apartments and retail facilities fronting on to both Shelbourne Road and Pembroke Road and […]

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Irish Water to invest €228m in upgrading water and wastewater infrastructure in Cork.

  Irish Water to invest €228m in upgrading water and wastewater infrastructure in Cork.

The wastewater network is to undergo a €180m upgrade, while a further €48m will be spent on improving drinking water quality and supply.
The Cork Lower Harbour Main Drainage Scheme will provide a new wastewater treatment plant to serve Cobh, Carrigaline, Crosshaven, Passage West/Monkstown (including Glenbrook and Raffeen) and Ringaskiddy (including Shanbally and Coolmore).
Work is underway […]

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Lagan Building Contractors wins £18m contract

  Lagan Building Contractors wins £18m contract

Lagan Building Contractors has been appointed by Belfast Harbour to develop the second office block of a £250 million (€355m) project in Belfast.
It’s the latest phase in Belfast Harbour’s 20-acre regeneration plan for the area.
The project is predicted to create up to 600 construction jobs and built with a BREEAM ‘Excellent’ standard, with delivery in […]

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Planning approved for new hotel in Belfast

  Planning approved for new hotel in Belfast

Planning permission for a 206-bedroom hotel on the site of the former Belfast Metropolitan College has been granted to a County Tyrone development firm.
McAleer and Rushe acquired the site just over a year ago and intends to develop it with a mixed-use hotel and student accommodation scheme.
Belfast City Council approved plans designed by Belfast-based Consarc […]

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Plans for infrastructure projects worth €1bn outlined

  Plans for infrastructure projects worth €1bn outlined

The National Development Finance Agency (NDFA) has this morning set out plans for major infrastructure projects with a combined value of close to €1 billion.
The NDFA, which is part of the National Treasury Management Agency said there was huge interest among international investors for the projects, which includes student accommodation, social housing units, college buildings, […]

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Green Reit takes full control of Central Park in €155m deal

  Green Reit takes full control of Central Park in €155m deal

Irish property investment firm Green REIT has reached a conditional deal worth €155m with its joint venture partner to acquire full control of Central Park in Leopardstown in south Dublin, with estimated completion in December 2016.
The €155m purchase price is a 2.7pc higher than the building was valued at in a valuation carried out at […]

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Building Information Index unveils good figures for construction

  Building Information Index unveils good figures for construction

The value of construction projects commenced saw a significant increase in the first three quarters of 2015, rising by €1.7 billion to €4.25 billion when compared to the same period in 2014 according to the latest edition of the Building Information Index.
This represents an increase of +67% in the value of actual construction activity for […]

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310 major school building projects announced by Minister O’Sullivan

  310 major school building projects announced by Minister O’Sullivan

Minister for Education and Skills, Jan O’Sullivan has announced yesterday a new programme of capital investment in schools.
Running from 2016 to 2021 this significant investment will provide funding for 310 major school projects, resulting in an additional 62,000 permanent school places.
The plan will also eliminate the need for any school to use pre-fabs as […]

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Savills Completes Sale of National Portfolio for Over €175m

  Savills Completes Sale of National Portfolio for Over €175m

Savills, the international real estate advisor, has today announced the sale of the National Portfolio to Davidson Kempner. The estimated sale price, in excess of €175 million, equates to an initial yield of approximately 6.5%.
The National Portfolio comprised 5 well-located retail parks and, at over 1.1 million sq. ft. , represented the largest Irish real […]

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Mortgage rules will slow house building, say developers

  Mortgage rules will slow house building, say developers

The results show that there is clearly a need for a sensible adjustment of the Central Bank mortgage rules as an astonishing 96% of developers said the new Central Bank regulations will have a negative impact over the next two years, according to the inaugural Knight Frank New Homes Construction Survey.
Knight Frank are seeing that […]

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The Cita BIM Gathering 2015 : an overwhelming success

  The Cita BIM Gathering 2015 : an overwhelming success

The Construction IT Alliance (Cita) held a world-class BIM event last week (12th – 13th November), at The Gibson Hotel. The “Cita BIM Gathering 2015 – An Integrated Future” was described by delegates as one of the best international BIM events of 2015 (Building Information Modeling).
The Gathering, to the observer, shows that construction is a […]

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L&M Keating Director wins Engineers Ireland Chartered Engineer of the Year 2015

  L&M Keating Director wins Engineers Ireland Chartered Engineer of the Year 2015

Richard Browne, Director of L&M Keating has been awarded the prestigious the title of Engineers Ireland, Chartered Engineer of the Year for 2015. The accolade is Engineers Ireland’s most prestigious individual award.
Richard was shortlisted from over 500 Chartered Engineers across all engineering disciplines in multiple industries and organisations throughout the country. Richard was unanimously […]

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Grafton says full-year operating profit to be 3% to 4% below expectations

  Grafton says full-year operating profit to be 3% to 4% below expectations

Grafton Group plc, the builders merchanting and DIY Group with operations in the UK, Ireland and Belgium, said it expects full-year operating profit to be three to four per cent below market expectations of £130.9 million (€185 million), as the UK market remains competitive and the Belgian market continues to be weak.
The building materials group, […]

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Up to €100 million to finance high-quality office development and construction projects

  Up to €100 million to finance high-quality office development and construction projects

The Ireland Strategic Investment Fund (ISIF) and institutional clients of US-based Quadrant Real Estate Advisors LLC have committed up to €100 million for financing high-quality office development and construction projects in Ireland.
Under the investment mandate agreed with the ISIF, Quadrant will manage the provision of “senior stretch” loans, ideally suited to Grade A office development […]

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New measures to give boost to housing construction announced

  New measures to give boost to housing construction announced

Minister for the Environment, Community & Local Government, Alan Kelly T.D., and the Minister for Finance Michael Noonan, T.D., yesterday announced a number of measures with the aim of kick-starting new housing construction and enhancing supply at more affordable prices.
A number of actions will be initiated from January of next year which will include:
– […]

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Construction sector sees sharp rise in new business in October

  Construction sector sees sharp rise in new business in October

Activity, employment and confidence improved in the Irish construction sector in October, helped by a sharp rise in new business, a new survey shows.
The Ulster Bank construction purchasing managers’ index (PMI), a seasonally-adjusted index designed to track changes in the sector, rose to 56.3 in October from 55.8 in September, with output having now increased […]

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“New housing package will increase the supply”, says CIF

  “New housing package will  increase the supply”, says CIF

The announcement yesterday evening (Thursday) by Minister for the Environment Alan Kelly that he is to reduce levies for construction and make changes to planning standards, will increase the supply of houses and lower construction costs significantly, according to the Construction Industry Federation (CIF).
Following yesterday’s agreement between Mr Kelly and Mr Noonan, officials are working […]

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2014 another strong year for BAM

  2014 another strong year for BAM

BAM Ireland, one of the country’s largest construction businesses, had a year of strong revenue growth in 2014, increasing its turnover by 15 per cent last year to €353 million, although its pretax profit of €6.3 million was down €1.2 million on 2013, mostly because of increased cost of sales. The profit margin was 1.8 […]

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ISIF to launch €100m fund for office development

  ISIF to launch €100m fund for office development

The State-backed Ireland Strategic Investment Fund has teamed up with a US real estate fund to offer up to €100 million to finance high-quality office development and construction projects.
Quadrant Real Estate Advisors, which has almost $6 billion in assets under management, and sources its funds from public pension funds and sovereignwealth funds, will invest up […]

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