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© The Irish Times |
08 Dec '22 |
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Meta scales back plan to occupy new European HQ in Dublin 4
Facebook has decided not to occupy Fibonacci Square, the 34,838sq m (375,000sq ft) office space developed by Johnny Ronan’s RGRE as part of the tech giant’s new European headquarters in Ballsbridg - Subscribe |
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© Irish Independent |
08 Dec '22 |
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Richard Curran: Money isn’t the issue when it comes to housing, it is local authorities holding it up every turn
Depressing is the first thing that comes to mind when you read the latest analysis of the housing market from Banking Payments Federation Ireland (BPFI), the lobby group for the banking sector. - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Adrian Trueick, Knight Frank: Current uncertainty offers opportunity for investors to secure attractive property deals
Some institutional investors have hit the pause button, waiting for greater levels of transparency on pricing before re-entering the market. This has resulted in lower transaction volumes in the final - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Fergus O’Farrell, Savills: ‘Pricing is the only inhibitor to transactions, as opposed to a lack of investor demand’
A further area of shortage is in prime offices. Other than Salesforce – and possibly Fibonacci Square – there have been no prime ESG-credentialed fully let office buildings sold this year, with li - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Rod Nowlan, Bannon: Value and opportunity underpin resurgent demand for retail assets
Unlike the office, industrial and residential sectors, which face a material repricing triggered by the increase of interest rates, the retail sector has in effect spent the last five years being repr - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Michele McGarry, Colliers: Are we seeing distress? No, not yet. Is it yet to come? Possibly, in some instances.
The questions we are being asked by buyers include who sellers are and are we seeing distress in our market? Sellers include (but are not limited to) those looking to exit certain asset classes, those - Subscribe |
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© The Irish Times |
08 Dec '22 |
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John Swarbrigg, Savills: Market for development land robust despite headwinds
We need to recognise that developers want to and need to develop housing. Invariably, it’s other factors, such as the aforementioned planning landscape or infrastructure deficiencies, that are some - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Michele Jackson, TWM: Property still offers a risk premium, particularly for investments with rental growth potential
Real estate is a very diverse and nuanced asset class and pricing will be determined by the qualities of the individual property and how well it can be future-proofed to meet occupiers’ needs and ES - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Kevin McHugh, Harvey: Industrial and logistics property construction ramps up to meet demand
While continued strong rental growth and tenant demand would normally be sufficient to make a speculative development viable, the combination of build-cost inflation and lower investment values will m - Subscribe |
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© The Irish Times |
08 Dec '22 |
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John Ryan, Bagnall Doyle MacMahon: International investors see long-term value in Dublin pub market
There are some concerns on the horizon, such as the rapidly rising rate of inflation, energy costs, food and beverages cost increases, skilled staff shortages and rising interest rates, which pose new - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Kevin Donohue, Cushman & Wakefield: Investors retrench but billions in ‘dry powder’ await return to normal trading
Opportunistic investors are already on the ground seeking “distress”, and there may well be some opportunities. However, given that lending rates over the last number of years were typically betwe - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Myles Clarke, CBRE: A year of two halves as Irish property displays remarkable resilience
CBRE Ireland advised German-headquartered Union Investment on the forward-purchase of 140 one- and two-bed apartments at Newtown Gardens in Blackrock during this period. Again, this transaction, and o - Subscribe |
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© The Irish Times |
08 Dec '22 |
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John Moran, JLL: Clever property investors will find rewards in face of greater risks in 2023
Despite the murky terrain the markets have rolled into, there is a case for positivity in 2023. Gustave Flaubert said, “There is no truth. There is only perception.” As such, it is best to view th - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Declan O'Reilly, Knight Frank: High demand for best-in-class offices
It is likely that we will see some moderation in demand in 2023. The “traditional” TMT sector, which rapidly expanded its headcount and real estate portfolio in Dublin in recent years, appears to - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Ken MacDonald: VAT, levies, planning and other costs are making it unviable to build apartments
The second largest transaction was a forward sale of 321 units at Citywest, West Dublin, to Ardstone by Glenveagh for €122 million. The third largest was the forward sale of 190 apartments at Church - Subscribe |
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© The Irish Times |
08 Dec '22 |
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Grafton Street to hit 100% occupancy in 2023 as high street retail rebounds
These new lettings have not been to any old retailers but best-in-class international brands including Canada Goose (Canadian), Skechers (US), Russell & Bromley (UK), Dr Martens (UK) and Lego (Danish) - Subscribe |
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© The Irish Times |
08 Dec '22 |
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The top 10 commercial property deals of 2022
The other €4 billion plus in “ordinary” activity is remarkable when one considers the challenges precipitated by Russia’s invasion of Ukraine last February. Dublin’s standing as a location t - Subscribe |
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© The Irish Times |
07 Dec '22 |
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Unless planning is reformed, we will miss our climate and housing targets
While this is positive, it is not enough. What is also necessary is the speedy updating of any required secondary legislation and guidance; without those, Ireland’s planning problems are not solved. - Subscribe |
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© The Irish Times |
06 Dec '22 |
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Five owners of Lansdowne Place apartments in Ballsbridge suing developers over excessive heat
The cases are being taken against Copper Bridge C 2015 ICAV, the landowner company behind the apartments, which is linked with Chartered Land, developer Joe O’Reilly’s firm. Dublin engineering fir - Subscribe |
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© The Irish Times |
06 Dec '22 |
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Rent inflation pushing more people to buy, BPFI warns
Brian Hayes: “The significant gap which now exists between average rents and mortgage payments coupled with significant latent demand are likely to balance any negative impact on demand for mortgage - Subscribe |
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