Construction BUSINESS

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  • €80 Million Port of Cork Container Terminal Development The Port of Cork has marked a major milestone for the company with the launch of the new Cork Container Terminal development in Ringaskiddy. The Cork Container Terminal will initially offer a 360 metre quay with 13 metre depth alongside and will enable larger ships to berth in Ringaskiddy. The development also includes the construction [...]...
  • College Group to Construct New €10 Million Biofuel Facility in County Meath College Group is to invest €10 million in building a new renewable energy facility producing biofuel from used cooking oil and animal fats in north County Meath. The investment is supported by the Irish government through Enterprise Ireland. The new 25 million litre purpose-built plant will be set on a 47.5 acre site and will [...]...
  • McAleer & Rushe Recognised at the Irish Construction Industry Awards Gala Northern Ireland-based developer and contractor McAleer & Rushe has been awarded the prize for ‘International Project of the Year’ at the Irish Construction Industry Awards for Global Student Accommodation’s 1000-bed Catherine House scheme in Portsmouth. The awards, now in their fifth year, recognise companies which demonstrate excellence and innovation in Ireland’s construction industry. McAleer & [...]...
  • Residential Property Prices Rise by 13.0% in Year to April 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 [...]...
  • Unique Programme to Demonstrate Future Housing Options For the Smart Ageing Population (60+) A unique programme to demonstrate future options for housing the Smart Ageing population (60+) is to start this year. The programme will focus on creating the opportunity to develop six national demonstrator housing developments of 15-40 housing units over the period 2018 to 2022. These demonstrators will be used to showcase a range of different types [...]...

Rohan begins €35m office building project in Dublin 2

  Rohan begins €35m office building project in Dublin 2

With relatively few office developments under way in Dublin’s central business district despite signs of a shortfall of top-quality space, Rohan Holdings has begun work on a speculative office building overlooking the Grand Canal at Charlemont Place, Dublin 2.
The decision to proceed with the €35 million project will be widely welcomed. It is feared that […]

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Company controlled by developer Lally slashes almost €13m from site’s value

  Company controlled by developer Lally slashes almost €13m from site’s value

A property company controlled by Galway developer John Lally has reduced the value of a site it bought for over €100m by a further €13m.
The South Dublin site was reportedly bought for more than €100m by Brackville Holdings in 2006. Brackville is part of the Lalco group, which is controlled by Mr Lally.

The company had […]

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Ashford Castle completes its luxury restoration

  Ashford Castle completes its luxury restoration

According to The Irish Independent, Ashford Castle will employ up to 300 people when it opens this week, following a major refurbishment under the UK-based Red Carnation Hotel Group.
The castle sold for €20m in 2013, and it is estimated that the cost of the renovation work has been more than double the purchase price.
It has […]

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PM Group Hosts Lean Construction Seminar

  PM Group Hosts Lean Construction Seminar

Delegates at Lean Construction Seminar learn how adopting a ‘Lean’ approach can help attract Foreign Direct investment
Over 200 delegates from across the Irish construction industry attended a seminar organised jointly by the Lean Construction Institute (Ireland Community of Practice) in collaboration with PM Group at Cork’s Maryborough Hotel yesterday. Recognised internationally as a widely successful […]

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Irish construction activity up slightly last month

  Irish construction activity up slightly last month

Strongest rise in input prices since March 2007 recorded in March

New business increased in March, as has been the case in each month since July 2013

Construction activity growth quickened in March with new orders and business sentiment both increasing, according to the latest Ulster Bank Construction Purchasing Managers’ Index.

Growth in activity came after having slowed […]

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Marathon wins race for Nama’s Plum Portfolio

  Marathon wins race for Nama’s Plum Portfolio

Marathon Asset Management has won the race for a portfolio of nearly 600 apartments in Dublin, becoming the latest overseas investment firm to snap up Irish residential units from Nama.

Marathon, which controls close to €7bn worth of assets around the world, has taken on the Plum Portfolio of 588 apartments. The portfolio had been marketed […]

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Irish Construction Prospects to 2016

  Irish Construction Prospects to 2016

Construction sector output grew in volume terms by 10pc in 2014 to €11bn and is forecast to increase by around 26pc over the next two years, according to a report released by the Society of Chartered Surveyors Ireland (SCSI).
The SCSI’s ‘Irish Construction Prospects to 2016’ report – which was prepared by DKM Economic Consultants in […]

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SMK Corporation establishes new European Headquarters in Dublin

  SMK Corporation establishes new European Headquarters in Dublin

SMK Corporation, a multinational electro-mechanical component manufacturer headquartered in Tokyo Japan is to establish a new European Headquarters in Dublin, Ireland.
SMK designs and produces a wide range of products for the electronics sector including connectors and switches, remote control units and touch screens. Demand for SMK products is driven by the requirements of a new […]

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National Rehabilitation Hospital Receives Planning Approval for New Development

  National Rehabilitation Hospital Receives Planning Approval for New Development

The National Rehabilitation Hospital is the first major healthcare project to be granted planning approval through the Strategic Infrastructural Development Process.
The approval is for Phase One of a significant capital development on the campus of the existing hospital at Rochestown Avenue.  This development, which is a partnership between the HSE and the NRH Foundation, will […]

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High Standards from Coillte Panel Products

  High Standards from Coillte Panel Products

Coillte Panel Products is part of Coillte, a leading natural resources company which owns over 442,000 hectares of FSC® certified forest in Ireland. Coillte Panel Products manufactures both highly regarded Medite MDF and Smartply OSB products from its Irish mills in Clonmel and Waterford, which are synonymous with quality, choice and innovation.
On the 1st March […]

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Augmented Reality and the future of construction – A CIF Event

  Augmented Reality and the future of construction – A CIF Event

The CIF is constantly looking for ways of bringing new information and innovations to our members. One area which looks like it will be of interest to the construction sector over the coming years is Augmented Reality (AR).
Augmented Reality is a new technology which allows for real world items and information to be enhanced by […]

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Boost for CRH as Holcim and Lafarge appoint CEO

  Boost for CRH as Holcim and Lafarge appoint CEO

CRH’s deal to buy €6.5bn from building materials rivals Holcim and Lafarge looks to be a step closer as the two firms have announced the appointment of a chief executive of their combined company.

Lafarge insider Eric Olsen, the firm’s executive vice-president for operations, will take on the challenge of knitting together the two companies in […]

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€36 Million Investment in Last Phase of Summer Works Scheme set to Commence

  €36 Million Investment in Last Phase of Summer Works Scheme set to Commence

Good news for construction related industries across the country with last week’s update on the Schools Summer Works Scheme.
The final phase of the scheme will allow 559 schools to complete work such as window repair and replacement, upgrading of science and specialist rooms and external improvements, such as upgrading of school perimeter fences and walls. […]

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Dublin Property Price Growth Fell Below National Average in First Three Months of 2015

  Dublin Property Price Growth Fell Below National Average in First Three Months of 2015

Property price growth in Dublin was outpaced by rises in the rest of the country during the first three months of 2015, according to the latest property price report from Daft.ie.
It is the first time that this has happened in four years, according to the property website.
Asking prices nationally increased by 4.6% in the first […]

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43 apartments in Dublin for €5.57m

  43 apartments in Dublin for €5.57m

A multi-family residential investment with 43 apartments are to go on the market today in Dublin’s north inner city.
Damien McCaffrey of Knight Frank is guiding €5.75 million for Stafford House on Wolfe Tone Street which was developed in 1998 by Michael Murphy’s South Dublin Construction.
Knight Frank says that with an 84 per cent occupancy rate, […]

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Shareholders at NTR in line for €240m sale payout

  Shareholders at NTR in line for €240m sale payout

Irish renewable energy group NTR has up to €240m in its arsenal to return to shareholders following the sale of its last remaining US windfarms.
The company has sold its Post Rock and Lost Creek assets, 350 megawatt (MW) windfarms in Kansas and Missouri, to US investment company Pattern Energy for $244m (€222m).
The news will be […]

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Job boom for Cork City as it is set to benefit from €500 million investment

  Job boom for Cork City as it is set to benefit from €500 million investment

Some 8,000 jobs could be created in Cork City as details emerge that €500 million has been earmarked for its redevelopment.
Why Weight?
After more than a decade of neglect, Ireland’s ‘second capital’ is set to see almost half a billion pumped into strategic development projects around the city centre and its surrounding areas.
At a briefing in […]

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JV for NAMA and Kennedy Wilson

  JV for NAMA and Kennedy Wilson

Kennedy Wilson and NAMA have formed a joint venture arrangement to develop a project of significant importance on Sir John Rogerson’s Quay in Dublin 2.
The project will be a mix of offices and residential. Extending to over 4.8 acres, the Capital Dock development is one of the largest undeveloped sites in the Dublin Central Business […]

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Free Seminar on ‘Building a Business on Your Ideas’ comes to Kerry

  Free Seminar on ‘Building a Business on Your Ideas’ comes to Kerry

Minister for Skills, Research and Innovation, Damien English TD, has urged businesses to avail of the opportunity to attend a Government-sponsored free seminar, ‘Building a Business on Your Ideas’ which will take place in Solas Building,Tralee Institute of Technology on Thursday 16th April, 2015.
This seminar will provide an insight into intellectual property rights (patents, trade […]

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New social housing units to be delivered in Cork

  New social housing units to be delivered in Cork

The housing lists in Cork City and County are set to reduce with news that 69 social housing units will be delivered by the local authorities by the end of 2017.
The move has been confirmed this morning by Ciarán Lynch.
Overall, a total of €204,946,289 is to be invested in the two Cork local authorities from […]

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Minister Nash encourages all businesses to sign up to Prompt Payment Code of Conduct portal

  Minister Nash encourages all businesses to sign up to Prompt Payment Code of Conduct portal

“This is an important step towards driving a change in payment culture in Ireland”
Minister for Business & Employment, Ged Nash TD, today launched a new online portal aimed at encouraging businesses to pay their suppliers on time. Enterprises of all sizes in Ireland can now become signatories to the Prompt Payment Code of Conduct through […]

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Former Bord Na Mona executive to head up Poolbeg incinerator

  Former Bord Na Mona executive to head up Poolbeg incinerator

A Former senior executive at Bord Na Mona has landed the top job on the development of the controversial €500m Poolbeg incinerator project.

John Daly served as the head of the Resource Recovery unit at the semi-State energy company from 2013 before being appointed as the general manager of Dublin Waste to Energy.

It is the company […]

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Ministers Kelly & Coffey Commence Review of Building Control Regulations

  Ministers Kelly & Coffey Commence Review of Building Control Regulations

Mr. Paudie Coffey, T.D., Minister of State at the Department of the Environment, Community and Local Government, together with Minister Alan Kelly, T.D., have just announced a review of the Building Control (Amendment) Regulations 2014 (S.I. No. 9 of 2014).
The new Regulations commenced in March last year and the Department is now initiating a review, […]

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CIF and Dept of Social Protection launch campaign to help unemployed construction workers

  CIF and Dept of Social Protection launch campaign to help unemployed construction workers

Department of Social Protection and CIF launch campaign to help unemployed construction workers return to work
A new campaign aimed at helping unemployed construction workers regain employment in the sector has been jointly launched by the Department of Social Protection and the Construction Industry Federation (CIF). It comes as the latest Live Register figures […]

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House Price Growth Moderated in the First Quarter of this Year

  House Price Growth Moderated in the First Quarter of this Year

House prices continued to rise in Q1 of this year, according to the latest house price survey from MyHome.ie.
The survey found that the national mix adjusted asking price measure rose by 2.2%, in the first three months – up 5.7% year-on-year – while in Dublin asking prices were up 2.5% and 12.7% respectively.
According to the […]

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€1.5 Billion Social Housing Targets for Local Authorities to 2017

  €1.5 Billion Social Housing Targets for Local Authorities to 2017

– 25% Reduction in Housing Waiting List through Build, Buying & Leasing Programme
– In excess of €500m for Dublin Local Authorities
Minister for the Environment, Community & Local Government, Alan Kelly T.D., along with Minister of State, Paudie Coffey T.D., have today (1 April, 2015) announced housing targets for each local authority area out to 2017.
Over […]

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Minister O’Sullivan announces €36 million investment for schools under summer works scheme

  Minister O’Sullivan announces €36 million investment for schools under summer works scheme

The Minister for Education and Skills Jan O’Sullivan today announced a €36 million investment in 559 schools throughout the country. The investment is the final part of the current Summer Works Scheme and will bring total investment in small and medium scale works in our primary and post-primary schools under the scheme to more […]

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750 construction jobs to be created by Center Parcs €200 million holiday village in Longford

  750 construction jobs to be created by Center Parcs €200 million holiday village in Longford

One of the UK’s leading short break specialists, Center Parcs, has just announced plans to develop a holiday village at Newcastle Wood, five kilometres from Ballymahon, County Longford, and 21 kilometres from junction 9 (Athlone) of the M6 motorway from Dublin to Galway.
The 375 acre site is owned by Coillte currently and Center Parcs have […]

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Lagan Construction acquires H&J Martin to create £300m business

  Lagan Construction acquires H&J Martin to create £300m business

The Belfast-headquartered Lagan Construction Group has confirmed it has acquired rival Northern Ireland firm H&J Martin but did not disclose details of the deal which is likely to grow its organisation to a potential £300-million-a-year business.
No redundancies have been announced following the deal which could see Lagan’s workforce swell to more than 900 people – […]

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Balfour Beatty awarded €14m (£10.2m) Dublin Airport car park extension

  Balfour Beatty awarded €14m (£10.2m) Dublin Airport car park extension

Balfour Beatty has been awarded a €14m (£10.2m) Design and Build scheme to extend the existing multi-storey car park serving Terminal 2 at Dublin Airport for airport operator ‘daa’, (previously known as the Dublin Airport Authority).
The works comprise a four-floor structured steel extension to the current two-storey car park that will more than double the […]

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