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© Other 29 Nov '23

Landlords 'very frustrated' with RTB bureaucracy and backlogs, says lobby group

Mary Conway of IPOA said the exodus of landlords was a combination of frustration with the bureaucracy of the RTB and concern at the pace of resolution. “If a tenant is in the property for six month -  Subscribe
© Irish Independent 29 Nov '23

At least 50,000 more nursing home beds needed by 2051, says report

Sherry FitzGerald said that as of the middle of this year, there were about 30,900 available nursing home beds in Ireland. That includes those run by the private, voluntary and public sector. The f -  Subscribe
© The Irish Times 29 Nov '23

DEAL: French investor MNK Partners pays €4.175m for Bank of Ireland Walkinstown branch

MNK has acquired the building at 177 Drimnagh Road on behalf of its FPS Europe + fund. The subject property is let on a full repairing and insuring (FRI) lease to Bank of Ireland from the October 2 -  Subscribe
© The Irish Times 29 Nov '23

Hibernia Real Estate Group sold marketed Dundrum apartments to a subsidiary for €122m

The spokesman declined to comment further when asked if the [restructuring] sale and transfer of the Dundrum apartments to its subsidiaries had been a tax-neutral transaction. -  Subscribe
© The Irish Times 29 Nov '23

Fast-track housing collapsed amid Paul Hyde turmoil at An Bord Pleanála

Records released under the Freedom of Information Act point to a collapse in the processing of fast-track housing schemes by the board at that time, undermining efforts to tackle the worsening housing -  Subscribe
© Business Post 28 Nov '23

JLL: Sharpest dip in investment property returns in Q3 since 2010

The latest JLL Irish Property Index showed that annual returns “experienced a significant drop” of 9.7 per cent year-on-year in the third quarter of 2023 - the largest decline recorded in the prop -  Subscribe
© Business Post 26 Nov '23

Matt Cooper: Johnny Ronan’s soaring ambitions still rising despite firm’s restructuring

Johnny Ronan’s soaring ambitions still rising despite restructuring: Developer is planning to build Dublin’s tallest building and a deep-water port in Meath, even as he ‘invites’ Bank of Irela -  Subscribe
© The Irish Times 26 Nov '23

Where have Ireland’s 200,000 vacant homes gone? Just 3,000 are liable for the new tax

The figures entirely overestimated the level of permanent vacancy. About 62,000 were holiday homes and therefore did not qualify. But even the majority of the remaining 183,000 non-holiday homes were -  Subscribe
© The Irish Times 26 Nov '23

Johnny Ronan’s rollercoaster career takes another dip

“There is no need to reassure our partners and lenders on our other projects as they are well-financed and performing robustly,” a spokesman said. “The properties sit in a group of special purpo -  Subscribe
© Irish Independent 23 Nov '23

DEAL: Anor Mardix pre-lets Dundalk's newest industrial facility from Tanola

Letting agent Sherry FitzGerald Carroll Dundalk confirmed the letting but did not comment on the records in the Property Price Register which show 20-year leases at average annual rents of €752,645. -  Subscribe
© Irish Independent 23 Nov '23

Paul McNeive: Tax incentives for senior living can ease both the nursing homes crisis and Ireland’s housing crunch

I spoke with CBRE experts Cormac Megannety, head of healthcare, and Maureen Bayley, senior director, and they told me that while there is “consternation” in the sector, there is a gap in the marke -  Subscribe
© The Irish Times 23 Nov '23

DEAL: Irish Life completes €49m purchase of The Lookout apartment scheme on Harbour Road, Dalkey

Irish Life’s Irish Residential Property Fund has completed the purchase of 94 luxury apartments developer Francis Rhatigan’s Winterbrook has developed at Dalkey in south Dublin. -  Subscribe
© The Irish Times 23 Nov '23

After WeWork, the office is dead: long live the office

A survey by KPMG found that two-thirds of executives “believe that there will be a full return to office in three years’ time”. Maybe so. But I doubt that those last-century norms will return in -  Subscribe
© The Irish Times 23 Nov '23

DEAL: Franklin Templeton has paid about €75 million for or Dublin social housing portfolio

Developed by businessman Emmet O’Neill’s Kouchin Holdings, the units are distributed across five new social-housing schemes in Deansgrange, Dun Laoghaire, Donnybrook and Clondalkin. -  Subscribe
© The Irish Times 23 Nov '23

Critics believe overhaul of planning system will limit spurious objections

Dr Seán O’Leary of the Irish Planning Institute (IPI), the all-island professional membership organisation for spatial planners, said a “crucial requirement” will be the need to “adequately r -  Subscribe
© The Irish Times 23 Nov '23

Receiver appointed to Johnny Ronan portfolio that includes Bewley’s Cafe

Ronan Group Real Estate (RGRE) said on Wednesday it had invited Bank of Ireland and AIB to appoint a receiver to manage the refinancing of property assets owned by the company. The loans from AIB a -  Subscribe
© The Irish Times 22 Nov '23

Should you try to buy, or keep renting?

According to the latest CSO figures, while Dublin prices might be receding outside the capital they’re up 4 per cent. This is not welcome news for buyers already staring down ten consecutive ECB rat -  Subscribe
© The Irish Times 22 Nov '23

Greg Kavanagh rejects ‘outrageous’ allegations made by brother Hugh

The claims centre around alleged attempts to remove Hugh Kavanagh as a director of 19 companies without notice and to remove him from his executive role from the property and construction business the -  Subscribe
© Irish Examiner 21 Nov '23

BPFI: Average income of first-time buyers hits new record high

The average income of a first-time buyer household has grown to a record high of €82,000 while at the same time their average mortgage drawdown has increased by €20,000 to €270,000, a new report -  Subscribe
© Irish Independent 20 Nov '23

Iput waiting on Fingal County Council regarding plans for its Nexus 2 logistics development

The developer recently announced it had fully pre-let the four-unit, 550,000 sq ft Quantum Logistics Park development at Kilshane Cross in north Dublin to DHL, Harvey Norman and Danish shipping and lo -  Subscribe
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