Construction BUSINESS

 Breaking News
  • National Construction Summit -Thursday 14th March 2019 – Citywest Exhibition Centre, Dublin The fifth National Construction Summit will be held on Thursday, 14th March 2019 at the Citywest Exhibition Centre in Dublin. Incorporating a number of complementary events and an extensive array of seminars, workshops and exhibition stands, showcasing the latest products, services and technology for the construction, engineering, sustainable building, maintenance and architectural sectors, the 2019 National [...]...
  • Komatsu WA100M Loader Hits Ireland Komatsu’s latest version of the WA100M Dash 8 compact wheel loader has gone on sale in Ireland. Described by distributor McHale Plant Sales director, John O’Brien as “one of the most reliable and versatile machines out there,” the WA100M is being pitched at construction, farm contractors, bulk materials and waste processors. The 94hp EU Stage IV unit [...]...
  • Planning Approval For North South Interconnector EirGrid has welcomed the decision by the Supreme Court to uphold planning approval for the southern section of the North South Interconnector. Planning approval for the project was granted by An Bord Pleanála in December 2016. This was subsequently made the subject of judicial review proceedings in the High Court. The proceedings were dismissed by the High [...]...
  • McAleer & Rushe Commences Construction on London Development Northern Ireland-based developer and contractor McAleer & Rushe has announced that construction is to commence on a new 620 room hotel and hybrid aparthotel development in Paddington, London with a contract value worth c.£82 million. Led by developer Concierge 3, a consortium of BSW Land & Property, Staycity and The Pickstock Group, the scheme is the final stage of the [...]...
  • ESB and Coillte in Discussions to Deliver Renewable Energy Projects ESB is engaged in bilateral discussions with Coillte which, if successful, would lead to the establishment of a new joint venture development company to deliver 1,000 MW of renewable energy by 2030. It is proposed that a new joint venture will build on a successful track record of the two companies working together at Raheenleagh [...]...

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

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, […]

Read Full Article

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 […]

Read Full Article

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:
– […]

Read Full Article

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 […]

Read Full Article

“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 […]

Read Full Article

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 […]

Read Full Article

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 […]

Read Full Article

Ireland’s Tallest Hotel for €3.5m

  Ireland’s Tallest Hotel for €3.5m

The Clarion Hotel Limerick has been put up for sale by its receiver Kieran Wallace of KPMG with a guide price of over €3.5m.
Savills, which is handling the deal, said the hotel is being offered for sale by private treaty with the benefit of existing occupational leases.
The landmark hotel opened in 2002 and […]

Read Full Article

Nama to finance €87m office building in Dublin

  Nama to finance €87m office building in Dublin

Nama is to finance an €87 million Grade A office development on the North Wall Quay in the Dublin docklands. The site previously formed part of the development lands held by the now defunct Treasury Holdings near the 3 Arena.
Receiver Declan McDonald of PwC has lodged a planning application for the seven- to nine-storey block […]

Read Full Article

Ulster Bank to sell 20 well-located sites in Dublin

  Ulster Bank to sell 20 well-located sites in Dublin

Twenty well-located Dublin development sites are among 42 due to be sold by Ulster Bank when it offloads a portfolio of distressed loans next month.
The loans, with a face value of €2 billion, are expected to attract offers of between €400,000 and €500,000 in the final round of bidding between Irish developers and overseas investment […]

Read Full Article

Ronan seals D4 deal for €200m

  Ronan seals D4 deal for €200m

Developer Johnny Ronan has bought a prime 3.7-acre site in Dublin 4and plans to redevelop it as part of a landmark €200m scheme.
Ronan Group signed the deal for part of the AIB Bankcentre headquarters in Ballsbridge on Friday, financed by Cardinal Capital and Jefferies Loancore, a new entrant into the Irish property market.
Underbidders on the […]

Read Full Article

Center Parcs submits development plans for Ballymahon project

  Center Parcs submits development plans for Ballymahon project

Holiday resort firm Center Parcs has submitted a planning application for a €233m development near Ballymahon, Co Longford.
750 construction jobs are expected to created and 1,000 permanent jobs as soon as it is fully operational.
Fianna Fáil TD for Longford – Westmeath Robert Troy said:
“This investment highlights the potential that exists to grow the […]

Read Full Article

Luas Cross City tracks to arrive on O’Connell Street

  Luas Cross City tracks to arrive on O’Connell Street

Tram tracks for the new Luas Cross City line were put in place on Dublin’s O’Connell Street on Thursday. The tracks themselves will now be welded into place on the median of the street.
The excavation and preparation for rail tracks works started in the College Green area, Westmoreland Street and O’Connell Street during August 2015. […]

Read Full Article

CitA BIM Gathering to take place on November 12-13

  CitA BIM Gathering to take place on November 12-13

The CitA BIM Gathering is the keynote event of the year for all those interested in using Building Information Modelling (BIM) to increase efficiency and competitiveness or to learn how being BIM proficient can help win you business in Ireland and overseas. The event will take place on 12th and 13th of November in Gibson […]

Read Full Article

Five possible modular housing sites selected in Dublin

  Five possible modular housing sites selected in Dublin

Five sites have been identified for the location of up to 153 modular houses for homeless families.
The sites, details of which will be presented to Dublin City Council this evening, will be located in Poppintree in Ballymun, Mourne Road in Crumlin, Belcamp Avenue in Coolock, St Helena’s drive in Finglas and Cherry Orchard in Ballyfermot.
The […]

Read Full Article

Developer unveils plan to build 10,000 homes

  Developer unveils plan to build 10,000 homes

Property developer Michael O’Flynn aims to build 10,000 new homes over the next seven to eight years, mainly in Dublin and Cork, after putting together a €400 million funding package to relaunch his O’Flynn Construction Group In Ireland.
The Cork businessman has regained control of all the group’s development assets as part of a settlement agreement […]

Read Full Article

Amazon to take Ireland spend past €1bn with new data centre

  Amazon to take Ireland spend past €1bn with new data centre

Internet retail giant Amazon is planning yet another massive data centre in Dublin in a move that could propel its expected total capital expenditure on such projects here to as much as €1bn, the Irish Independent has revealed.
The newspaper recently reported that Amazon is already planning to build another huge data centre at a site […]

Read Full Article

Phibsboro Shopping Centre for €15m

  Phibsboro Shopping Centre for €15m

A new opportunity to redevelop Phibsboro Shopping Centre in the north Dublin suburb will arise shortly when the rundown complex is offered for sale along with two adjoining sites.
Eoin Feeney of BNP Paribas Real Estate is guiding €15 million for the centre which was owned by Pascal Conroy’s Albion property company until Nama appointed receivers […]

Read Full Article

Carrickmines ‘district centre’ site goes to market for over €45m

  Carrickmines ‘district centre’ site goes to market for over €45m

A large parcel of land designated for the third and final phase of the highly successful shopping and business facility known as The Park in Carrickmines, Dublin 18, will be of interest to Irish and overseas investment funds when it goes on the market today.
Mark Reynolds, of Savills, is guiding in excess of €45 million […]

Read Full Article

EIB commits €100M to Dublin port ABR project

  EIB commits €100M to Dublin port ABR project

The redevelopment of Dublin Port is set to be a major construction project involving Ireland’s civil engineering contractors.
It has been announced the European Investment Bank has committed to providing a €100m loan over 20 years, reflecting the long-term nature of Dublin Port’s Alexandra Basin Redevelopment (ABR) Project.
This is the first time in 20 years for […]

Read Full Article

Planning permission approved for Facebook offices in Meath

  Planning permission approved for Facebook offices in Meath

An Bord Pleanála has approved planning permission for Facebook’s planned €200m data centre in Clonee, Co Meath.
When it is operational, the centre will employ 115 people.
The development is expected to take 10 years, with further employment during the construction phase.
Facebook already have an office in Dublin with a capacity of 1,100 workers.
The office mainly works […]

Read Full Article

Two of Ireland’s Most Luxurious Castle Hotels to hit the Market

  Two of Ireland’s Most Luxurious Castle Hotels to hit the Market

Two of Ireland’s most luxurious castle hotels have been brought to the market as a going concern by Savills, on behalf of the Hanly Group.
Kilronan Castle, Co. Roscommon is on the market with a guide price of €4.5m and the nearby Lough Rynn Castle, Co. Leitrim is guiding €3.5m.
According to Savills, the sales represent a […]

Read Full Article

Volume of construction to increase for the third year in a row

  Volume of construction to increase for the third year in a row

According to the latest figures from the Central Statistics Office, the first half of 2015 has proven to be a good one for the industry.
The three months to the end of June (Q2) experienced an 8.5pc jump in the value of construction when compared with the same period last year while it also saw a […]

Read Full Article

BAM Ireland developing state of the art Microsoft campus building

  BAM Ireland developing state of the art Microsoft campus building

Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, Eric Boustouller, Corporate Vice President for Microsoft Western Europe, and Cathriona Hallahan, Managing Director at Microsoft Ireland, marked the start of construction of Microsoft’s new state of the art campus facility. The ground-breaking ceremony took place yesterday in South County Business Park, Leopardstown.
Design, construction, and completion […]

Read Full Article

O’Hare & McGovern wins top prize at Northern Ireland construction awards

  O’Hare & McGovern wins top prize at Northern Ireland construction awards

O’Hare & McGovern, the leading Northern Ireland construction company has been declared the overall winner of this year’s Construction Excellence Awards.
Managing director Eamon O’Hare and senior members of his management team received the top accolade in recognition of the firm’s work on the showpiece Wellcome-Wolfson Institute for Experimental Medicine building at Queen’s University, Belfast.
The £32m […]

Read Full Article


Constrcution Summit

PROMO – Construction Summit 2016 – Sustaining the Momentum

Lean Construction Ireland – Enhancing Ireland’s Competitive Advantage

The Magazine – Construction Business

The Magazine – Construction Summit 2016

The Magazine – Construction Summit

Upcoming Events

  • No upcoming events
AEC v1.0.4

New Subscriber

Subscribe Here



Advertisements