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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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© The Irish Times 17 Jul '19

RETAIL DEAL: JD Wetherspoon buys Carbon nightclub in Galway city

JD Wetherspoon has acquired Carbon Nightclub in Galway with plans to upgrade the facility with an investment of about €2.5 million. The UK-headquartered company said on Tuesday it will apply for -  Subscribe
© Irish Independent 17 Jul '19

DEAL: Pick-up in pub sales activity sees four Dublin deals: Morrissey's Lisney

Kestrel pub at Walkinstown roundabout Dublin which has gone sale agreed for more than its €1.8m. guide price. Shanahan's of The Coombe was bought by a publican for a price understood to be more than -  Subscribe
© The Irish Times 17 Jul '19

REDEVELOPMENT DEAL: 6-12 Sackville Place sold for over €5.5m to tourist accommodation provider

While the sale of the premises was completed last week, it will remain in educational use by TU Dublin up until the relocation of its operations to its new Grangegorman campus in 2020. -  Subscribe
© The Property Week 17 Jul '19

Amost €2.1 billion transacted in the Irish investment market during the first half of 2019

CBRE Ireland have released figures for the volume and value of investment properties traded in the Irish market in the first half of 2019, which shows that 76 investment transactions extending to more -  Subscribe
© Irish Independent 11 Jul '19

DEAL: 51-54 Pearse Street and Magennis Court in Dublin 2 sold for €27.2m

51-54 Pearse Street, extends to 25,619 sq ft and combines a refurbished Georgian building to the front with a modern six-storey office block. It is let to Henry J Lyons Architects and Aquacomms. Also -  Subscribe
© The Irish Times 10 Jul '19

MIXED-USE DEAL: Sale of landmark Brady’s pharmacy building at 12 Camden Street Upper secures more than €1.2m

A landmark mixed-use investment property at the junction of Camden Street and Harrington Street in Dublin has been sold for a figure understood to be in excess of €1.2 million. -  Subscribe
© The Irish Times 10 Jul '19

PRS: German fund, Patrizia AG, pays €100m for Marlet’s Mount Argus Build-to-Rent apartment scheme of 179 units

The German fund, Patrizia AG, has agreed to pay about €100 million to acquire 179 apartments being developed by the Marlet Property Group at Mount Argus in Harold’s Cross, Dublin 6W. -  Subscribe
© The Irish Times 10 Jul '19

RETAIL DEAL: Iput buy Mahon Point Retail Park for €56 million and Davy acquire CastleWest Shopping Centre, Ballincollig for estimated €22 million.

Iput cited Cork’s expected growth as one of its key motivations for investing in the retail park. The fund stated that the population of Cork is set to almost treble under the combination of the Nat -  Subscribe
© Irish Independent 04 Jul '19

RETAIL DEAL: Unit at corner of Upper Abbey Street and Millennium Walkway in Dublin 1

The private investor has purchased the ground floor unit which generates a passing rent of €392,575 which is guaranteed by the tenant's parent company BWG Foods. It came with the added benefit of ei -  Subscribe
© The Irish Times 03 Jul '19

DEAL: South Korean investor to acquire Bishop’s Square for €180m-plus

Taking the Kevin Street property’s €180 million guide price as a benchmark, IGIS could expect to secure a net initial yield of 4.04 per cent based upon its current rent roll of €7.881 million. -  Subscribe
© The Irish Times 28 Jun '19

OFFICE DEAL: U+I and Colony Capital pay over €25m for office block at 23 Shelbourne Road, Dublin 4

The tenants include Ikea’s treasury section, Fami Ltd, Scale-up Systems, Belfius Bank and non-bank lender Finance Ireland. Commenting on the sale, Claire Solon, head of property at Aviva, said: “T -  Subscribe
© Irish Independent 27 Jun '19

DEAL: Surge of interest as Capel Street sees €4.3m in deals

51 and 52 Capel Street, a mixed-use investment of 486sq m, sold for around €2.85m. 82 Capel Street, another four-storey, has sold for around €440,000. 12 North King Street recently sold for €565 -  Subscribe
© The Irish Times 26 Jun '19

HOTEL DEAL: Davy private client acquires Tallaght’s Plaza Hotel complex for €18m

The price paid for the property represents a premium of 20 per cent on the €15 million guide price set by agent Knight Frank when it brought the mixed-use scheme to the market last year on behalf of -  Subscribe
© The Irish Times 26 Jun '19

Neville Hotel Group acquires five-star Druid’s Glen resort for €45m

The Neville Hotel Group has moved to expand its portfolio with the purchase of the five-star Druid’s Glen hotel and golf resort in Co Wicklow. It is understood the company recently exchanged cont -  Subscribe
© The Irish Times 24 Jun '19

HOTEL DEAL: McKillen jnr’s Press Up Entertainment buys Clarence Hotel business

Press Up Entertainment’s decision to acquire the leasehold of the Clarence consolidates its position within Dublin city centre and on Wellington Quay particularly. Prior to the transaction, it alrea -  Subscribe
© The Irish Times 20 Jun '19

Who Invests in the Irish Commercial Real Estate Market? report from Central Bank

The dearth of hard data on the actual size of the market is illustrated by the wide gap between the two estimates provided, by MSCI (€26 billion) and Cushman & Wakefield (€48 billion). The report -  Subscribe
© The Irish Times 19 Jun '19

MIXED RETAIL DEAL: Desmond House, Main Street, Maynooth sold for €1.4 million

Desmond House comprises a two-storey commercial premises which is occupied at ground-floor level by Picaderos Restaurant under a 10-year lease from September 5th, 2011 paying €45,000 per annum. -  Subscribe
© The Irish Times 19 Jun '19

HOSPITALITY DEAL: Davy investors acquire four-star Clonmel Park Hotel for about €5m

The price paid for the property represents a modest premium of €200,000 – or just over 4 per cent – on the €4.8 million guide price set by selling agent JLL when it brought the hotel to the ma -  Subscribe
© The Irish Times 17 Jun '19

Ballymore and Hines on shortlist for €100m site beside Croke Park

Developers including Sean Mulryan’s Ballymore and US real estate group Hines are believed to be among the leading bidders vying for a north Dublin site close to Croke Park, which is on the market fo -  Subscribe
© The Irish Times 17 Jun '19

Cork student accommodation to reopen after €25m upgrade

The property at Copley Street in Cork city is controlled by Hatch Student Living with financial backing from Elkstone, a multi-family office based in Dublin. The pair acquired the property in February -  Subscribe
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