Construction BUSINESS

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  • Strong Performance From BAM Ireland BAM Ireland, one of the country’s largest construction businesses, had a year of strong revenue growth in 2017 with a turnover of €465 million – an increase of 29% on 2016 – and profit before tax of €15.9 million. BAM’s performance was aided by strong activity in Ireland’s improving construction sector and ongoing international activities [...]...
  • 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 [...]...

Renewable Energy Use Grew by 10% in 2014. Primary energy use fell while economy grew

  Renewable Energy Use Grew by 10% in 2014.  Primary energy use fell while economy grew

18th May, 2015 – Renewable energy use in Ireland increased by 10% in 2014 while consumption of fossil fuels fell 1.2%.  That is according to provisional energy data for 2014 published today by the Sustainable Energy Authority of Ireland (SEAI).   The data also shows that primary energy use fell as the economy grew, continuing the […]

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Irish Cement raided in competition investigation

  Irish Cement raided in competition investigation

A competition investigation launched last week with a raid on the offices of CRH subsidiary Irish Cement is looking for evidence it is abusing a dominant position in the market.
Gardaí and officials from the Competition and Consumer Protection Commission (CCPC) raided Irish Cement’s offices last week in an investigation into the €50 million bagged-cement industry.
It […]

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Kerry-based manufacturing firm Tricel to create 100 new jobs

  Kerry-based manufacturing firm Tricel to create 100 new jobs

Kerry-based manufacturing firm Tricel is to create 100 new jobs over the next 18 months as part of an expansion of its operations here and abroad.
The company, previously known as Killarney Plastics, manufactures water storage tanks and other building products.
It currently employs 100 people in Killarney and 250 in total across its operations in Ireland, […]

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€58m deal to buy unfinished One Albert Quay in Cork

  €58m deal to buy unfinished One Albert Quay in Cork

Cork City’s newest and largest office block, One Albert Quay, has been purchased for up to €58m by Green Reit nine months ahead of its completion
The Irish property investment firm confirmed it had entered into a conditional contract for the acquisition of the building being constructed by John Cleary’s development company, JCD Group.
Green Reit said […]

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Kirby Group in strategic alliance with Mott MacDonald

  Kirby Group in strategic alliance with Mott MacDonald

Irish-owned engineering services contractor Kirby Group has entered into a strategic alliance with Mott MacDonald, a UK-headquartered management, engineering and development consultancy.
Through the alliance, the companies will offer design services for construction projects involving energy transmission and distribution systems in Ireland.
Mott MacDonald will work with Kirby Group’s transmission and distribution systems division, which incorporates a […]

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US software firm Slack announces 100 jobs for Dublin

  US software firm Slack announces 100 jobs for Dublin

Company opening up a new European HQ in the capital
US software firm Slack is to create 100 jobs over the next two years with the opening of a new European headquarters in Dublin.
The company said the new roles will be in customer support and account management roles
Slack is a messaging platform for teams that integrates […]

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New Thermal Liteblock System from Roadstone – A fabric first approach for compliance with Part L of Building Regulations

The Roadstone Thermal Liteblock is a robust and durable, lightweight block which was developed for use with traditional masonry after extensive research aimed at producing a cost-effective solution for architects, engineers, assigned certifiers and building contractors to comply with Part L of the Building Regulations.

 
When used in conjunction with Roadstone’s standard Concrete Block range, the […]

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Bank backs €180m for Irish solar farm project

Amarenco, the solar energy business led by former Bord Gáis head John Mullins, has found a multi-million euro backer to help it deliver the country’s first solar farms with the inaugural project earmarked for Cork.

One of the world’s largest investment banks with headquarters in Sydney, Macquarie Bank is willing to invest €180m in the solar […]

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Kosmos- Irish drilling in 2017.

  Kosmos- Irish drilling in 2017.

US explorer Kosmos Energy is set to attract fresh investment to its two Irish-based licences, via a farm-out process, later this year.
Drilling at the assets, located in waters off the south-west coast, is also now tipped to begin in 2017, as opposed to 2016 as previously thought.
The Dallas-headquartered company has an 85% holding in two […]

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Grafton seeks to expand its presence across Europe

  Grafton seeks to expand its presence across Europe

Grafton, the Dublin-headquartered builders merchanting and DIY retail group, is actively reviewing opportunities to expand its operational presence in western Europe.
In the group’s newly published annual report, chairman Michael Chadwick said that part of Grafton’s growth strategy is based on extending its geographic coverage into other western European countries and regions, “that offer attractive consolidation […]

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Kingspan and ESB in NI solar panel initiative

  Kingspan and ESB in NI solar panel initiative

Kingspan and ESB unveiled on Tuesday a new joint venture in Northern Ireland that will offer local businesses the opportunity to get involved in a solar energy project that they claim could deliver energy savings of £320 million in the North over the next 25 years.
Kingspan ESB has launched a scheme that will give customers […]

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FenestraPro Premium for Revit – Efficient Facade Design for Architects

  FenestraPro Premium for Revit – Efficient Facade Design for Architects

FenestraPro, a leading provider of software that enables energy efficient facade design, is delighted to announce the launch of FenestraPro Premium for Revit, continuing the development of the FenestraPro Add-in range for Autodesk Revit.
FenestraPro Premium for Revit is the complete package which enables architects to design environmentally efficient building façades more effectively, while ensuring compliance […]

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Management Buyout (MBO) of Walls Construction Announced

  Management Buyout (MBO) of Walls Construction Announced

An investor backed management buyout (MBO) has been announced by leading Irish construction company Walls Construction. Founded in 1950, Walls Construction has been acquired by a new holding company controlled by the existing management team and private investors. The acquisition includes the Company’s headquarters building in Dublin and Munster regional office in Cork.
The investors from […]

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Alexion Pharmaceuticals Announces €450 Million Expansion in Dublin – 200 New Jobs and 800 construction jobs to be created over four years

  Alexion Pharmaceuticals Announces €450 Million Expansion in Dublin – 200 New Jobs and 800 construction jobs to be created over four years

Alexion Pharmaceuticals today announced plans to significantly expand its operations in Ireland by constructing the Company’s first ever biologics manufacturing facility outside the United States. This €450 million, four-year project, which will be constructed at Alexion’s College Park site in Blanchardstown, is expected to create approximately 200 additional full-time jobs on completion, which will bring […]

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Construction Industry Continues Renewed Growth

  Construction Industry Continues Renewed Growth

The country’s construction sector grew at its fastest pace so far this year in April with new business on the rise and more people working in the sector.
The industry showed further signs of recovery last month, with the Ulster Bank Construction purchasing managers’ index climbing to 57.2 from 52.9 in March.
Activity ramped up to its […]

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Nimbus researchers secure €1.5m in EU funding for energy efficient buildings projects

  Nimbus researchers secure €1.5m in EU funding for energy efficient buildings projects

Researchers from the Nimbus Centre at Cork Institute of Technology (CIT) have secured €1.5m in EU funding as part of the development of two international projects.

The Horizon 2020 projects are in the ICT for Energy Efficient Buildings call for 2015.
The first is called ‘Tools for Continuous Building Performance Auditing’ led by Dr Susan Rea and […]

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Regus to open seventh location

  Regus to open seventh location

Regus has announced today that it will open its seventh location in Dublin’s North Quay.
The global workspace provider currently has five other centres across Dublin, including the one in The Chase, Sandyford, that opened last year and one in Cork. They claim that enquiry rates are at an all-time high, particularly from the tech […]

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CRH set to spend €8bn on takeovers

  CRH set to spend €8bn on takeovers

The building materials and cement giant has already suggested that its 2015 spend and deal flow will not be contained to its proposed €6.5bn purchase of certain assets being disposed of to allow for the merger of European cement titans Holcim and Lafarge.
Speaking after the group’s AGM yesterday, CRH chief executive Albert Manifold said the […]

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Galway’s planned by-pass to affect homes and NUI.

  Galway’s planned by-pass to affect homes and NUI.

More than 40 homes will be demolished to make way for the Galway bypass, with the university campus and Ballybrit racecourse to also be affected by the newly-chosen route.
A further 10 homeowners will be severely disrupted by the plans and will also receive offers to buy their properties.
Castlegar village will be significantly affected by the […]

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KBC to open hub at College Green

  KBC to open hub at College Green

The 291 sq m hub at 16 College Green (above) will offer banking facilities on the doorstep of Trinity College and in the heart of Dublin’s shopping district. The hub, which is KBC’s twelfth retail banking location nationwide, will offer state-of-the-art facilities including a ‘Discovery Zone’ providing interactive technology and access to digital support.
College Green […]

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The Dawson in central Dublin hits the market with €15m price tag

  The Dawson in central Dublin hits the market with €15m price tag

Morrissey’s and Savills have been retained as agents to sell “The Dawson” in central Dublin with a guide price in the region of €15m.
The Dawson is described as “an unrivalled licensed opportunity located at 35-36 Dawson Street, Dublin 2”.
It is being offered for sale by public tender. The tender is scheduled to take place at […]

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Hibernia Reit buys two Lime St properties for €4.6m

  Hibernia Reit buys two Lime St properties for €4.6m

Hibernia Reit plc said today that it has bought two properties in the South Docks area of Dublin for a total of €4.6m.
Both are located on Lime Street, in Block 11 of the area designated by Dublin City Council as a strategic development zone (SDZ).
The purchase has completed on 8/9 Hanover Street East, a part […]

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Prime office and retail portfolio for €118m

  Prime office and retail portfolio for €118m

With the Dublin retail market, as well as the suburban office sector, rapidly recovering, Royal London Asset Management is planning to offload eight retail investments and five office assets with an overall value of €118 million.
The Sovereign Portfolio, which includes the McDonald’s building on Grafton Street, is producing an overall rent roll of €7,412,200 which […]

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US company Opko buys Eirgen for $135m.

  US company Opko buys Eirgen for $135m.

Waterford-based pharmaceutical company EirGen has been acquired by US drugs company Opko for $135 million. Founded by Tom Brennan and Patsy Carney 10 years ago, the company employs 100 people and manufactures high potency drugs for cancer chemotherapy.
Opko – which is listed on the New York Stock Exchange and based in Miami – is paying […]

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€300m for major New Social Housing

  €300m for major New Social Housing

Up to €300m is being poured into a major social housing construction programme.
It is hoped that more than 100 separate projects will be kick-started around the country through the Government’s plan that is being unveiled today.
Every local authority across the country is due to get a cut of the funding that is aimed at providing […]

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Fire-risk homes in blaze estate to cost €10k each to make safe

  Fire-risk homes in blaze estate to cost €10k each to make safe

The cost of fixing fire safety issues in a Kildare housing estate that was affected by a massive blaze could be €10,000 per home, residents have learned.
Inspections at some homes in the Millfield estate in Newbridge have found structural and fire safety deficiencies, and residents are calling for a meeting with Kildare County Council on […]

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New Children’s Hospital Design Revealed

  New Children’s Hospital Design Revealed

Located in Dublin 8, the design of the seven-storey building was unveiled by Minister Leo Varadkar and the Office of the Ombudsman for Children this morning.
Delayed for some time over controversy about where it should be located, it is understood that planning permission will be sought shortly and that work could commence by the end […]

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Minister Kelly officially opens Social Housing development at Grand Canal View.

  Minister Kelly officially opens Social Housing development at Grand Canal View.

Schemes such as this are about more than just about the homes. They are also about building sustainable communities. Community is, after all, the lynchpin which binds us together in our daily lives, and it was the motivating factor for this development through the Bluebell Steering Group,” so said Minister for the Environment, Community & […]

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Greenman Investments closes €95m deal with German grocer

  Greenman Investments closes €95m deal with German grocer

Greenman Investments, a Dublin-headquartered firm that specialises in buying German retail assets, has paid €95 million for a portfolio of 29 stores from Edeka, Germany’s largest grocer, which has 26 per cent of the German market.
John Wilkinson, the managing director of Greenman, said the sale and leaseback deal brings the total value of German retail […]

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Bausch+Lomb to create 125 jobs in Waterford with €75m investment

  Bausch+Lomb to create 125 jobs in Waterford with €75m investment

150 construction jobs also to be created as part of investment supported by Dept of Jobs through IDA Ireland
Waterford – April 29, 2015 – The Minister for Jobs, Enterprise and Innovation Richard Bruton TD today announced that Bausch+ Lomb, a leading global eye health company, plans to invest €75M in extra manufacturing capacity […]

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