Sunday Property Round-Up 18th October, 2020

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Irish property market news and insights – for the industry, by the industry  

 

 

It was a bumper week of industry news and commentary between Budget 2021 analysis and further Covid-19 restrictions looming so I have endeavoured to cover as much as possible without too much overlap. Before we get stuck into the general property news of the week, below are the local and international stories that might be of particular interest: 

 

 

 

 

 

 

 

 

 

  • It was my great pleasure to moderate The Big Debate, sponsored by Stewart Construction, with Elaine Brick of AECOM, Tomás Ó Síocháin of the Western Development Commission, John Concannon of National University of Ireland, Galway and John A Moran of Land Development Agency: Boundaries 2020: Is Project 2040 Fit For Purpose Post Covid-19? 

 

 

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/category/sunday-property-review/ 

As always, you might let me know if I have missed out on any relevant property news by emailing  carol@propertydistrict.ie.

(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)

 

SUNDAY LISTEN

Property Matters: Ireland’s First Weekly Property Radio Show (& Podcast!):

 

Ireland’s first weekly property radio show, Property Matters, launched In January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com). The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech. 

Produced by Katie Tallon of Hear Me Roar Media. 

 

RETAIL SPECIAL: Florence Stanley, Executive Director of Retail at CBRE and Gary McDonald of Limitless Insight join host Carol Tallon to discuss the current marketplace for retailers, the impact of Covid-19, how the retail sector is responding to those challenges and what role technology can play.

 

 

Listen back at https://anchor.fm/ipropertyradio/episodes/Property-Matters-S3-Ep-07–October-13–2020-Retail-Special-with-CBRE–Limitless-Insight-el3giv 

Email the Property Matters team at hello@iPropertyRadio.com

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*PLACEengage: The future of speedy, successful placemaking for property developers is here – Property developers and project owners ready Public Consultation are encouraged to contact the PLACEengage team for full details*

 

 

 

CONSTRUCTION & DEVELOPMENT NEWS

 

 

  • Social housing provision builds confidence in sector: Construction Industry Federation boss Tom Parlon said the €10bn committed to infrastructure projects, some previously announced, should provide much-needed work for the sector. The provision of €500m for building 9,500 units of new social housing was “very appetising ”, said Parlon. “It’s 95 individual blocks of 100 houses. If any of our contractors got a contract for 100 social houses, it could be a year’s work for them.” https://www.thetimes.co.uk/article/five-key-industry-sectors-react-to-paschal-donohoes-fiscal-package-m3pwvh3tc 

 

 

 

 

 

  • Construction and development round-up:https://www.businesspost.ie/property/untitled-d7b762ee

 

  • ‘One room, one bed’ rule could shrink nursing homes sector | Business Post https://www.businesspost.ie/commercial/one-room-one-bed-rule-could-shrink-nursing-homes-sector-c900a665

 

 

 

 

 

 

 

 

 

 

 

 

 

  • City’s Menlo Park Hotel secures approval for expansion – Connacht Tribune – Galway City Tribune: https://connachttribune.ie/citys-menlo-park-hotel-secures-approval-for-expansion/

 

 

  • An Bord Pleanála Considering Proposal For Hundreds Of New Homes In Naas https://kfmradio.com/news/15102020-0857/bord-plean%C3%A1la-considering-proposal-hundreds-new-homes-naas

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

  • Proptech Ireland is updating the database of 2020 Irish technology providers for the built environment – From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based proptech  or MMC business sit?  Pease take five minutes to add or update your details to our internationally-shared listing here: SIGN UP HERE: *PROPTECH INNOVATORS and STARTUPS *  

 

  • PropIT Dubai kicks off on 26th October and Proptech Ireland will be delivering a keynote address: Digital placemaking and emerging technologies for urban development: https://www.terrapinn.com/exhibition/propit-middle-east/agenda.stm 

 

 

  • REBNY throws down new challenge to proptech innovators | Real Estate Weekly: This year’s PropTech Challenge will feature panels, demos, exhibitor booths, roundtable discussions and networking opportunities –  highlighting leading technology solutions that address challenges across four market sectors within the real estate industry: Building Operations and Wellness, Design, Construction and Development, Commercial Leasing and Brokerage, Residential Leasing and  Brokerage. Tech vendors can apply to showcase their technology products at REBNY’s PropTech Challenge by completing the PropTech Submission Form: https://rew-online.com/rebny-throws-down-new-challenge-to-proptech-innovators/

 

  • PassiveLogic secures £12.29m in Series A funding: #ConTech firm to launch first fully autonomous building controls platform https://www.constructionglobal.com/technology-and-ai-1/passivelogic-secures-pound1229m-series-funding

 

 

 

 

 

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

 

  • As featured in the Sunday Independent today, IPAV will be hosting its first Online European Valuation Conference and Virtual Exhibition on Wednesday 28 October 2020, moderated by Ivan Yates and Carol Tallon. Schedule and booking details here: https://ipav.ticketsolve.com/shows/873622069

 

 

 

 

 

 

 

 

 

 

 

COMMERCIAL PROPERTY NEWS

 

 

  • Rental sector is glue holding commercial sector together: Investor survey shows a third expect the pandemic to knock at least 10 per cent off the value of real estate assets https://www.businesspost.ie/commercial/rental-sector-is-glue-holding-commercial-sector-together-1770130f

 

  • 5.5 per cent rise in take-up of industrial and logistics space in Dublin during Q3. However, Savills also says take-up has been hampered by an all-time low vacancy rate of just 1.9 per cent https://www.businesspost.ie/commercial/55-per-cent-rise-in-take-up-of-industrial-and-logistics-space-in-dublin-during-q3-80b5561a

 

 

 

 

 

 

 

 

 

 

 

INTERNATIONAL PROPERTY NEWS

 

 

  • The fifth online Cyprus property auction conducted by BidX1 raised €3.3 mln worth of sales, for a total of €33.27 mln so far. The company said 100 bidders took part in the latest auction, submitting 526 bids with 26 of the 47 properties sold: https://www.financialmirror.com/2020/10/14/bidx1-online-property-auctions-raise-e33-3-mln/

 

 

 

 

  • Google buys 33-acre UK site for potential data center – It leases space in the UK, but has yet to build its own facility in the country https://www.datacenterdynamics.com/en/news/google-buys-33-acre-uk-site-potential-data-center/

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

Crowd-sourcing answers topical property questions:    

 

Irish Property Buyers Handbook annuals

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) was rebranded in 2018 and now appears as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here: https://www.amazon.com/Carol-Tallon/

 

From 2020, the publishers and I want to ensure the content remains topical and we are doing this by crowd-sourcing home buyer and investor queries, with crowd-sourced and editorial team answers. 

Join the Facebook Group here to contribute: https://www.facebook.com/groups/IrishPropertyBuyers/

 

 

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