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GET THE LATEST PROPERTY NEWS STORIES

Our NEWS section is the most comprehensive publication on the business of property in Ireland, keeping our trade readers fully informed on all developments in the property business and among their competitors.

It gathers together in one place all reports on the market, and goes into much greater detail than does the consumer press on trade issues of interest to estate agents, developers and other property professionals. It summarises property stories from the media, and provides handy links to the full stories. Occasional indepth features and opinion pieces for a fully developed online property magazine. It also acts as a searchable archive of all property matters down the years.

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© Irish Independent 30 Oct '24

County council spends €500k per house to bulk buy north Dublin estate

Fingal County Council has spent €16 million buying a housing estate in Portmarnock being developed by Ballymore. The final bill is expected to rise when the Council buys the apartments -  Subscribe
© Irish Independent 30 Oct '24

Central Bank campus food hall has been left idle due to take up of ‘hybrid working’

The tender says that “since the end of the pandemic and the uptake of hybrid working, it has, as yet, not been considered feasible to mobilise” the planned contemporary food hall within the Centra -  Subscribe
© The Irish Times 30 Oct '24

Minister for Housing ‘angry’ at rogue developers but has no plans to pursue them

“I have to say I’m pretty angry – a lot of the developments, we know who built them. The statute of limitations for many of them has ran out. In many instances, companies have folded and set bac -  Subscribe
© The Irish Times 30 Oct '24

DEAL: Investment vehicle of Jim and Janet Curley, Astogo Holdings, acquire Ulster Bank premises at 130 Lower Baggot Street, Dublin 2

The iconic premises of about 8,500sq ft had been on the market with a guide price of more than €2.25 million. It is understood to have transacted at slightly over guide. Also acquired were the three -  Subscribe
© The Irish Times 30 Oct '24

Joan Henry of Knight Frank: Dublin’s office market driven by demand for space with ESG credentials

BNY Mellon has taken 79,000sq ft of LEED Platinum space at the Shipping Office in Dublin 2. The Health Service Executive’s decision to take 182,340sq ft of space at the Seamark Building in Dublin 4 -  Subscribe
© The Irish Times 30 Oct '24

DEAL: Urbeo in partnership with ICG Real Estate purchase Unit F, Kilcarbery Distribution Park for about €27 million

The building, constructed in the early 2000s, is currently multi-tenanted, with PRL Group and JMC Van Trans occupying the circa 185,000sq ft of logistics space. The property is located in the desirabl -  Subscribe
© The Irish Times 30 Oct '24

Owners of 4-5 Grafton Street have applied to change use of upper floors to residential

The buildings were acquired by Brian McKiernan, a former chief executive of stockbrokers Davy, and Emer McKiernan along with a number of partnerships, back in 2023. The proposed development will consi -  Subscribe
© The Irish Times 30 Oct '24

Lidl says Northwood metro station must not be built at expense of its future use of Ballymun lands

Dublin’s €9.5 Metrolink must not be built at the expense of Lidl Ireland’s possible future plans for its lands in Ballymun, which could potentially involve a 15-storey tower over the rail line, -  Subscribe
© The Irish Times 29 Oct '24

Austin Hughes: Ireland’s housing crisis is not unique: some of its proposed responses are

Research recently presented at an ECB conference suggested that a sustained fiscal stimulus might instead boost private sector activity by making firms more confident of a continuing demand for their -  Subscribe
© The Irish Times 29 Oct '24

Sherry FitzGerald expects to double its profits to €6m this year

Sherry FitzGerald sold 8,500 residential properties with a capital value of €4.5 billion in 2023, of which 1,400 were new homes. That equated to an average capital value of €529,412 per property. -  Subscribe
© Irish Independent 26 Oct '24

Johnny Ronan-led Glass Bottle developers win planning for first offices on huge site

Developers of the huge Glass Bottle site in Dublin 4 have secured planning permission for the first commercial blocks in the massive scheme including office blocks of seven to 12 storeys. -  Subscribe
© Irish Independent 26 Oct '24

Fairview site at 80 Philipsburgh Avenue of 0.66 acres sells for about €3m

Last week a developer purchased the 0.66-acre property at 80 Philipsburgh Avenue for around €3m and is understood to have done a deal with Cabhrú Housing Association to build 42 one-bedroom apartme -  Subscribe
© Irish Independent 26 Oct '24

Bewley’s wins rent cut for iconic Grafton Street premises

The case is the latest twist in a longstanding row between the cafe and property developer Johnny Ronan’s RGRE Grafton Limited, which owns the building, although the property is currently up for sal -  Subscribe
© The Irish Times 25 Oct '24

Harry Crosbie wins permission for Vicar Street hotel

The council has granted planning permission to Mr Crosbie’s Vicar Street Hotel Ltd for the eight storey hotel despite receiving 40 objections, including one from an Augustinian priest, Fr Paddy O’ -  Subscribe
© The Irish Times 24 Oct '24

Developers need more funding options to meet housing demand: EY's David Martin

While the improving interest rate environment has helped improve the viability of real estate projects, the range of capital options, particularly for residential developers, will have to be explored -  Subscribe
© The Irish Times 23 Oct '24

Cantillon: State supports to purchase a home do not bring down the cost of building housing units

“We’re now faced with a challenge in every developed economy where housing cannot be delivered at four to five times the industrial wage ... that’s just a reality,” Cairn Homes boss Michael St -  Subscribe
© The Irish Times 18 Oct '24

Developer submits plans for 66 apartments on Terenure synagogue site

Granbrind Terenure Ltd submitted an application to Dublin City Council on September 20th to demolish the existing synagogue structure and build 66 apartments across three blocks, ranging from three to -  Subscribe
© The Irish Times 18 Oct '24

DEAL: 26 Dublin 7 apartments at Hampton Square sells for close to guide price of €7m

Hooke & MacDonald handled the sale. The guide price for the portfolio was €7 million, equating to an average of €269,231 per apartment and a gross yield of 6.5 per cent. It is understood that the -  Subscribe
© The Irish Times 18 Oct '24

DEAL: Arkéa REIM buys Block 5, Waterside Innovation Campus, Citywest, and Block 5, Parkmore East Business Campus in Galway for in excess of €20 million

The combined pricing represents an average net initial yield of between 7.5 per cent and 8 per cent, from long-term, stable tenants. Fine Grain Property were advised by Avison Young while Sienna Inves -  Subscribe
© The Irish Times 18 Oct '24

Dolphin’s Barn development of 540 apartments under way, 16 years after proposal

Construction of more than 540 apartments on the site of St Teresa’s Gardens in Dolphin’s Barn is finally under way, 16 years after Dublin City Council proposed the regeneration of the Dublin 8 fla -  Subscribe
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