Construction BUSINESS

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  • CRH Divests Europe Distribution Business CRH plc, the global building materials group, has agreed to divest of its Europe Distribution business to private equity funds managed by Blackstone for an Enterprise Value of €1.64 billion* payable in cash. The transaction is subject to regulatory approval. The business being sold comprises CRH’s entire General Builders Merchants business in Europe, including its Sanitary [...]...
  • Next-generation Wind Turbine Blade Pitch Technology Launched Mita-Teknik, a global provider of wind turbine control and pitch technology, has launched its new generation of blade pitch system for onshore and offshore wind turbines. The new Mita Pitch System has been designed to effectively minimize O&M costs, reduce downtime and improve productivity. The Mita Pitch System is a flexible pitch solution for turbines up to 12 MW, which boasts [...]...
  • Tulfarris Hotel and Golf Resort Completes €6 Million Renovation Programme International hospitality management company, PREM Group has completed the first stage of its renovation programme at Tulfarris Hotel and Golf Resort, Blessington, County Wicklow. The group purchased the 90-bedroom hotel in 2016 and since then has already spent over €6 million on the property to return the luxury 18th century Manor House and its surrounding grounds to [...]...
  • Plans Unveiled For Custom House Quay Development in Cork Development management firm Tower Holdings Group has released details for the redevelopment and revitalisation of the historic Custom House Quay site in Cork. The development, which will link the peninsula to the center of the city while introducing a large public realm for the first time in the history of the site, will feature the [...]...
  • Completion of Center Parcs Longford Forest Project An Taoiseach, Leo Varadkar TD, has officially marked the completion of the landmark €233 million forest resort – Center Parcs Longford Forest. Following an almost two-year construction process Center Parcs Longford Forest has been delivered on schedule and within budget. Center Parcs Longford Forest will add an entirely new dimension to Ireland’s tourism and leisure market [...]...

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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BAM to build €350m M11 motorway

  BAM to build €350m M11 motorway

A consortium led by construction group BAM Ireland has signed a contract with the National Roads Authority (NRA) for the €350 million M11 Gorey to Enniscorthy public-private partnership (PPP) motorway project in Co Wexford.
This is expected to support up to 2,500 jobs and will see construction activity commence in January 2016.
It will involve the design, […]

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ESB opens new €33m Woodhouse Wind Farm in County Waterford

Pictured officially opening ESB’s €33m Woodhouse Wind Farm in Co.Waterford today  is Paddy Hayes ESB Executive Director Generation and Wholesale Markets and  Minister for Energy Alex White T.D.
Minister for Energy Alex White TD  today opened the new €33m Woodhouse Wind Farm in County Waterford, a key part of ESB’s Wind Development programme.
The new renewable energy […]

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Construction sector’s 25 months of continuous growth

  Construction sector’s 25 months of continuous growth

The Ulster Bank Construction Purchasing Managers’ Index – a seasonally adjusted index designed to track changes in total construction activity – dropped to 55.8 in September from 56.5 in August. This was the lowest reading since March, but still pointed to a marked increase in construction activity during the month. Output has now risen in […]

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RPS to Deliver New River Liffey Bridge

  RPS to Deliver New River Liffey Bridge

RPS, in a joint venture with Flint & Neill UK, has just been appointed by Dublin City Council to deliver a new bridge over the River Liffey for pedestrian & cyclist use.
The RPS Flint & Neill team is responsible for the options study, planning, detailed design and construction stages of the proposed bridge, which will […]

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Hotel and pub in Temple Bar on the block for €15m

  Hotel and pub in Temple Bar on the block for €15m

CBRE is seeking €15m for the Paramount Hotel and Turks Head in Temple Bar in Dublin.
The Paramount Hotel and Turks Head includes 66 en-suite bedrooms, a food and beverage operation in one of the city’s most popular locations. CBRE believe this is a “rare opportunity to acquire an established business superbly located in Dublin city […]

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Dalata planning to build up to seven hotels around Dublin

  Dalata planning to build up to seven hotels around Dublin

Hotels firm Dalata is in discussions to buy as many as seven sites in central Dublin to build hotels as it seeks to take advantage of the shortage of rooms in the capital.
Speaking after an extraordinary general meeting which saw shareholders sign-off on a €160m fundraising for new projects, Dalata boss Pat McCann said his […]

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Ireland’s biggest regional shopping centre is going under the hammer

  Ireland’s biggest regional shopping centre is going under the hammer

The Whitewater Shopping Centre in Newbridge will be put on the market this week with a pricetag of over €150 million, property industry news source CoStar News has revealed.
The County Kildare complex, which first opened in 2006, is Ireland’s largest regional shopping centre with about 300,000 sq ft of space and tenants including Marks & […]

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Dublin house prices down but prices rise outside the capital

  Dublin house prices down but prices rise outside the capital

The average asking price for homes in Dublin fell by 1.4 per cent in the third quarter but outside Dublin, prices rose by 3.9 per cent, according to the latest House Price Report just released by Ireland’s largest property website, Daft.ie.
The report shows that Dublin house prices rose by just 2.4 per cent year-on-year in […]

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Rye River Brewing Corporation will invest €4m to build a new brewery

  Rye River Brewing Corporation will invest €4m to build a new brewery

Rye River Brewing Corporation has announced an investment of €4m to build a new brewery and visitor centre in Celbridge in Co Kildare.
The new centre is expected to employ 150 people within three years and its building will also create 100 construction jobs.
The new brewery and visitor centre are due to open in late spring […]

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Laboratory To Be Developed In Co Kildare

  Laboratory To Be Developed In Co Kildare

Funding has been secured, from the Government’s Capital Investment Programme, to develop a new State Forensic Science Laboratory, in Celbridge, Co Kildare.
The new laboratory is to be established at the Backweston site and construction will commence in 2019.
Fine Gael TD for Kildare North, Anthony Lawlor, welcomed the announcement.
He said: “This is an affordable, responsible […]

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Growth expected in the construction industry

  Growth expected in the construction industry

The Construction sector in Ireland has the potential to double in size over the short to medium term, according to CIF Director General, Tom Parlon.
Speaking at the CIF annual conference in Croke Park, in association with full service leading international law firm Maples and Calder, the industry has called on the Government to prioritise the […]

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Apple plan for €850m complex in Galway faces six-month delay

  Apple plan for €850m complex in Galway faces six-month delay

Apple’s plans for a high-tech €850 million complex in Co Galway are facing a delay of at least six months. Two appeals to the grant of planning permission for the massive project have been lodged with An Bord Pleanála.
The planning appeals board says it will only make a decision by February. It had been hoped construction could […]

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North Wall site chosen for NTMA headquarters

  North Wall site chosen for NTMA headquarters

The National Treasury Management Agency has chosen a site on Dublin’s North Wall Quay, next to the new headquarters of the Central Bank, as the preferred option for its new headquarters.
The NTMA signalled recently that it was examining moving from its existing offices in the Treasury Building in Grand Canal Street and now looks set […]

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Nama receiver lodges application for 970-bed student residence in Docklands

  Nama receiver lodges application for 970-bed student residence in Docklands

A receiver appointed by Nama has submitted planning for Dublin’s largest ever off-campus student accommodation development, which will cater for 970 students in the city’s third-level institutions.

The proposed development will be located beside the 3 Arena and Point Village within the Dublin Docklands Strategic Development Zone (SDZ).

The scheme will consist of two blocks of between […]

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Irish Water to invest over €73 Million in Donegal drinking water schemes

  Irish Water to invest over €73 Million in Donegal drinking water schemes

Irish Water in partnership with Donegal County Council, will invest over €73 million in Donegal’s water infrastructure over the next 4 years.
Irish Water, working with Donegal County Council has developed and prioritised a major programme of work which will address the serious deficiencies that exist across the water supply schemes. Projects will include:
• €22m Letterkenny:
Letterkenny […]

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PM Group reports strong results for 2014

  PM Group reports strong results for 2014

PM Group, the international project delivery specialists headquartered in Ireland, has reported operating profit of €8.97 million for the year ended 31st December 2014.
Commenting on the results, Chief Executive Officer, Dave Murphy said: “We’ve seen solid revenue growth in key sectors which has driven profitability right across the Group. Almost 60% of our business […]

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Chartered Land to build 190 apartments on Clyde Court site

  Chartered Land to build 190 apartments on Clyde Court site

Hotel operator Dalata said on Tuesday that it is to close the historic Clyde Court Hotel, formerly the Berkeley Court, in Dublin’s Ballsbridge, on January 1st 2016. Developer Chartered Land will start construction of 190 apartments in a pavilion-style development on the site on Dublin’s Landsdowne Road in early 2016, with the apartments available for […]

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Project Jewel sold to Hammerson Plc and Allianz SE’s real estate unit

  Project Jewel sold to Hammerson Plc and Allianz SE’s real estate unit

Hammerson Plc and Allianz SE’s real estate unit has agreed to buy a group of Dublin shopping-mall loans for 1.85 billion euros from NAMA.
The sale, known as Project Jewel, includes loans linked to the nation’s largest shopping mall and two other retail centers in Dublin and is expected to close before the end of October, […]

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The Government announced €27 billion plan for funding on capital projects

  The Government announced €27 billion plan for funding on capital projects

The Government detailed its €27 billion capital plan from 2016 to 2021 in a move to underpin its belief in a strongly recovering economy. Taoiseach Enda Kenny said that the new capital plan will contain something for every region, and is an attempt to address priorities in a whole range of sectors.
A rail link from […]

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How many empty council houses are there in your county?

  How many empty council houses are there in your county?

There are 2,600 council houses lying empty across Ireland, a situation that has been called “shocking”.
The numbers were obtained by Fianna Fáil Environment spokesperson Barry Cowen through a series of Freedom of Information requests to each local authority. The information shows that there are over 2,600 vacant units across the country in council ownership, despite the […]

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