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

 

 

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: 

 

 

• Housing crisis will become a monster unless the State kills it now – Caveat: The pandemic should not distract from issues that could dwarf it later on https://www.irishtimes.com/business/housing-crisis-will-become-a-monster-unless-the-state-kills-it-now-1.4369551?mode=amp

 

• House price inflation returns but Covid has ‘disrupted’ bubble fears https://www.irishexaminer.com/property/commercial/arid-40057424.html?type=amp

 

• Irish housing market is no poster child:  Ireland won kudos for the swift economic recovery that followed the sovereign debt crisis, but with a considerable portion of residential mortgage loans overdue or restructured, its housing market was in a terrible state even before the impact of Covid lockdowns, let alone the peril a disorderly Brexit may bring. https://www.globalcapital.com/article/b1nlgy4rcb9zdr/irish-housing-market-is-no-poster-child

 

• Irish think-tank argues Covid-19 response requires planning re-set  | The Planner https://www.theplanner.co.uk/news/irish%C2%A0think-tank-argues-covid-19-response-requires-planning-re-set%C2%A0

 

• COVID-19 Preventative Measures vs. Energy Conservation in Office Buildings | McKeon Group https://mckeon.ie/covid-19-preventative-measures-vs-energy-conservation-in-office-buildings/

 

• Broadband, home office, garden: House buyers quit cities for home towns as remote working trend continues – Property market shifts with more focus on garden space and home offices. Buyers believe that remote working trend will outlast the Covid pandemic: https://m.independent.ie/business/personal-finance/property-mortgages/broadband-home-office-garden-house-buyers-quit-cities-for-home-towns-as-remote-working-trend-continues-39567484.html

 

• We need to stop referring to the impact of the pandemic on real estate as a mere acceleration of existing trends: https://medium.com/@damien_60172/we-need-to-stop-referring-to-the-impact-of-the-pandemic-on-real-estate-as-a-mere-acceleration-of-8e7916a206a9

 

• More than 30 people queue overnight to secure property in Carlow https://www.irishtimes.com/news/social-affairs/more-than-30-people-queue-overnight-to-secure-property-in-carlow-1.4365816?mode=amp

 

• Homelessness must not become part of ‘the new normal’ https://www.rte.ie/amp/1168106/

 

• SVP to transfer control of 9 hostels, 2 in Cork, to other homeless charities: … managing homeless hostels is “beyond the capacity of a volunteer-led organisation”…https://www.irishexaminer.com/news/munster/arid-40057463.html

 

• Why we need to stop referring to the impact of the pandemic on real estate as a mere acceleration of existing trends https://medium.com/@damien_60172/we-need-to-stop-referring-to-the-impact-of-the-pandemic-on-real-estate-as-a-mere-acceleration-of-8e7916a206a9

 

•  Invest in more social housing to avoid Covid-related supply shock, says ESRI https://www.irishtimes.com/business/construction/invest-in-more-social-housing-to-avoid-covid-related-supply-shock-says-esri-1.4367879?mode=amp

 

• Why Ireland is running out of timber https://www.irishexaminer.com/farming/arid-40057334.html

 

BisNow Dublin

Earlier this week I had the pleasure of moderating a panel discussion on Dublin’s BTR sector, the link to watch back is: https://bisnow.zoom.us/rec/share/NkzpxlTLlNM8SjdQg3XfoHrcfCvHixGEVkYG_62EonF5m41xyEzjFmv6Vl-jvEZx.Uln8p6qNDXdVEPdK

 

 

 

Architecture At The Edge

This much-anticipated annual festival took place in Galway and online this week end (events scheduled until Sunday evening). You will find the full line up here: https://www.architectureattheedge.com/  

 

‘Is Project 2040 Fit For Purpose Post Covid-19?’

Yesterday I had the particular pleasure of hosting The Great Debate with panelists John Concannon, Vice President of NUI Galway, John Moran, Chair of the Land Development Agency, Elaine Brick, Regional Director at AECOM and Tomás Ó Síocháin, CEO of the Western Development Commission, sponsored by Stewart Construction. The watch back function will be available shortly at: https://www.architectureattheedge.com/events-2020/2020/10/4/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. 

 

 

On Property Matters this week: With Frank Monahan, Director at Architecture at the Edge and Cliona Molloy, Director at McKeon Group

• The industry gives back
• Architecture at the Edge moves online
• A third generation business talks about continuous innovation
• Women in Proptech: Ireland Edition

 

Listen back at https://anchor.fm/ipropertyradio/episodes/Property-Matters–September-29th-2020-ekes94 

 

Email the Property Matters team at hello@iPropertyRadio.com

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

• Interesting feature in the Sunday Independent today – Capital assets: Solutions to a city in crisis – The pandemic has highlighted the city’s many shortcomings, as the flight of house buyers to the countryside shows. What needs to be done to improve the capital? https://amp.independent.ie/business/personal-finance/property-mortgages/capital-assets-solutions-to-a-city-in-crisis-39583274.html

 

• Opinion: Now is the time to make Ireland’s cities liveable again – Strategic planning consultant James Chilton says 2020 has exposed weaknesses in the design of Irish cities, and now is the time to reimagine a new liveable urban space. https://www.thejournal.ie/readme/city-planning-covid-19-5213822-Sep2020/?amp=1

 

• Action required to stop “tsunami of rushed applications” for large scale developments https://dublinpeople.com/news/northsideeast/articles/2020/10/01/action-required-to-stop-tsunami-of-rushed-applications-for-large-scale-developments/?amp

 

• Dublin City Council wants the Land Development Agency to take over the long-awaited redevelopment of the St Teresa’s Gardens estate.  https://amp.rte.ie/amp/1169037/

 

• Dreaming big – plan to make city an official National Park https://connachttribune.ie/dreaming-big-plan-to-make-city-an-official-national-park/

 

• Council completes significant public realm initiative in Swords https://www.fingal.ie/news/council-completes-significant-public-realm-initiative-swords?fbclid=IwAR1rIKO7cEiJBP0QO_976R9PEi7IzXnNK7cmm5Vlm4YAudHWkg-fNSvxXhU

 

• Lidl asked to provide housing as part of Limerick plan https://www.limerickleader.ie/news/home/576697/lidl-asked-to-provide-housing-as-part-of-limerick-plan.html

 

• What’s planned for your area https://carlow-nationalist.ie/2020/09/27/whats-planned-for-your-area-18/#.X3GMn_dw2Ec

 

• Olivia O’Leary: If you move to Carlow, there are things you’ll have to get used to https://www.irishtimes.com/life-and-style/homes-and-property/olivia-o-leary-if-you-move-to-carlow-there-are-things-you-ll-have-to-get-used-to-1.4366535?mode=amp

 

• County Council adopts strategy to better communicate with social housing tenants https://connachttribune.ie/county-council-adopts-strategy-to-better-communicate-with-social-housing-tenants/amp/

 

• Limerick Twenty Thirty, the public firm responsible for transforming the city, has announced Sinead Ryan as its new Project Manager https://www.ilovelimerick.ie/sinead-ryan/

 

• Opinion: Goodbye to O’Rahilly’s 40 Herbert Park, an integral part of the story of 1916 – Historian Donal Fallon tells of ‘The O’Rahilly’, one of The Rising’s most colourful characters and how his recently demolished home, 40 Herbert Park, played a part in the history of the rebellion https://www.thejournal.ie/readme/the-orahilly-house-dublin-5218615-Sep2020/

 

• Council to take legal action over O’Rahilly house demolition https://www.irishtimes.com/news/ireland/irish-news/council-to-take-legal-action-over-o-rahilly-house-demolition-1.4370773

 

• More support for renewal of town centres urged by SCSI https://amp.independent.ie/business/commercial-property/more-support-for-renewal-of-town-centres-urged-by-scsi-39577582.html

 

• Public debate on Ardee bypass plan https://amp.independent.ie/regionals/droghedaindependent/news/public-debate-on-ardee-bypass-plan-39569086.html

 

• Wicklow Municipal District has plans for a trial one-way system along Main Street in Wicklow town. https://m.independent.ie/regionals/wicklowpeople/news/trial-one-way-system-planned-for-main-street-39573191.html

 

*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

 

• Covid has slowed the pace of construction cost rises: Costs in the building industry rose by just 0.9pc in first half of 2020 https://amp.independent.ie/business/commercial-property/covid-has-slowed-the-pace-of-construction-cost-rises-39571092.html

 

• Construction sector ‘unlikely to recover’ before 2023 https://www.irishtimes.com/business/construction/construction-sector-unlikely-to-recover-before-2023-1.4369401?mode=amp

 

• Growth in commercial property building costs falls due to Covid-19 :Society of Chartered Surveyors Ireland highlights twin threats of Covid-19 and Brexit https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/construction/growth-in-commercial-property-building-costs-falls-due-to-covid-19-1.4366870?mode=amp

 

• State should use Covid-19 impact on construction costs to build new homes https://www.irishtimes.com/business/construction/state-should-use-covid-19-impact-on-construction-costs-to-build-new-homes-1.4364743?mode=amp

 

• Covid 19 pandemic: We have an opportunity to prioritise building decent homes, says academic and housing expert Orla Hegarty https://viewdigital.org/covid-19-pandemic-we-have-an-opportunity-to-prioritise-building-decent-homes-says-academic-and-housing-expert-orla-hegarty/amp/

 

• To address the housing crisis, we must rebuild: The state must incentivise, finance, enable and manage a house-building initiative on a scale that matches Ireland’s urgent need for homes https://www.businesspost.ie/business-posts-view/editorial-view-to-address-the-housing-crisis-we-must-rebuild-649afbe6

 

• Only half the homes needed this year will be built, construction event told https://www.irishtimes.com/business/construction/only-half-the-homes-needed-this-year-will-be-built-construction-event-told-1.4369401?mode=amp

 

• Funding constraints have slowed water works, says Irish Water https://www.irishexaminer.com/news/arid-40057352.html?type=amp

 

• Council set to abandon €20m Liffey bridge plans https://www.irishtimes.com/news/environment/council-set-to-abandon-20m-liffey-bridge-plans-1.4367774?mode=amp

 

• Quintain’s men on a mission are ready for lift-off at Skylark: They’ve got hundreds of acres of land, approval for thousands of homes, and the ambition to become one of the country’s biggest developers — starting at St Marnock’s Bay https://www.thetimes.co.uk/article/quintains-men-on-a-mission-are-ready-for-lift-off-at-skylark-mrxb8lvxf

 

• Sonica boom as offices adapt to new world: Dublin fit-out firm thrives as multinationals embrace hybrid workspaces –  https://www.thetimes.co.uk/article/sonica-boom-as-offices-adapt-to-new-world-8gktds585

 

• Liberties scheme aims to challenge Dublin docklands dominance https://www.irishtimes.com/business/commercial-property/liberties-scheme-aims-to-challenge-dublin-docklands-dominance-1.4364547?mode=amp

 

• 129-bed hotel planned at the former Embankment pub site https://amp.independent.ie/business/commercial-property/129-bed-hotel-planned-at-the-former-embankment-pub-site-39583361.html

 

• Concerns ‘the heart of the village is being torn out’ by apartments:  PLANS for nearly 100 apartments in the heart of Clondalkin Village have caused much consternation in the community. Two separate plans were submitted with South Dublin County Council on September 11. https://www.echo.ie/news/article/concerns-the-heart-of-the-village-is-being-torn-out-by-apartments

 

• Square Deal development to include 280 student beds https://www.echolive.ie/corknews/Square-Deal-development-to-include-280-student-beds-cb6440a1-a181-4d49-9714-372f8e25d50d-ds

 

• Back to the drawing board for plans for development at St Kevin’s Hospital https://www.echolive.ie/corknews/Back-to-the-drawing-board-for-plans-for-development-at-St-Kevins-Hospital-6e6d07f1-fdbe-4691-9ee7-b2f51474f528-ds

 

• Plans for nearly 300 Cork homes ‘on track’ despite Bórd Pleanála concerns https://www.irishexaminer.com/news/munster/arid-40058087.html

 

• Contracts for key Cork roads project to be awarded within days https://www.irishexaminer.com/news/arid-40056242.html

 

• Major development granted planning permission by Carlow County Council: Conditional planning permission has been granted to I.D.A. Ireland to construct a new Advance Technology Building in Carlow.https://www.carlowlive.ie/news/home/577426/new-advance-technology-building-to-be-constructed-in-carlow.html

 

• Kilkenny supermarket seeks to replace shop with larger store – and build 13 houses https://www.kilkennypeople.ie/news/home/577414/kilkenny-supermarket-seeks-to-replace-shop-with-larger-unit-and-build-13-houses.html

 

• Work to start next year on €6 million Castlefin scheme – Donegal News https://donegalnews.com/2020/10/work-to-start-next-year-on-e6-million-castlefin-scheme/

 

• Planning permission refused for Donegal crematorium – Ocean FM https://www.oceanfm.ie/2020/09/30/planning-permission-refused-for-donegal-crematorium/

 

• Builder Keating seeks examinership:  Irish specialist building firm Keating Construction has applied to the High Court to enter voluntary examinership, blaming Covid-19, Brexit and the current trading environment. https://amp.independent.ie/business/irish/builder-keating-seeks-examinership-39583309.html

 

• Euronext Dublin rise driven by banks and construction: Insulation maker Kingspan up 4% to an all-time high of €76.30, according to traders https://www.irishtimes.com/business/markets/euronext-dublin-rise-driven-by-banks-and-construction-1.4366771?mode=amp

 

• Abbey expects to equal or beat first half of 2019 turnover and profit: Dublin-listed homebuilder says trading over summer positive https://www.irishtimes.com/business/construction/abbey-expects-to-equal-or-beat-first-half-of-2019-turnover-and-profit-1.4370299?mode=amp

 

 

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 *  

 

• Women in Proptech (WiPT) – Ireland Edition: Watch back facility coming shortly: https://www.womeninproptech.co/event-info/zoom-ireland-edition 

 

• Hi-tech trees to be installed in Cork city to help filter air https://www.irishexaminer.com/news/munster/arid-40057436.html

 

• Galway-based CitySwift to create 50 jobs over next two years https://www.irishtimes.com/business/technology/galway-based-cityswift-to-create-50-jobs-over-next-two-years-1.4366631?mode=amp

 

• Report: The future skills we’ll need for the built environment sector https://www.siliconrepublic.com/careers/government-report-future-skills-needs-built-environment

 

• An eco-friendly alternative to concrete foundations https://www.irishtimes.com/business/innovation/an-eco-friendly-alternative-to-concrete-foundations-1.4364423?mode=amp

 

• Irish online ID verification firm ID-Pal raises €1 Million to fuel expansion https://irishtechnews.ie/irish-online-id-verification-firm-id-pal-raises-e1-million-to-fuel-expansion/

 

• Tipperary County Council is renting its new “smart” bins from a Cahir based firm  https://www.tipperarylive.ie/news/home/578241/tipperary-county-council-is-renting-its-new-smart-bins-from-a-cahir-based-firm.html

 

• ConTech: Laying the foundations for the future of construction – Construction Technology might not be the biggest buzzword in the startup ecosystem, but ConTech has the potential to rise like other sectors such as Medtech, Edtech, or Proptech: https://m.calcalistech.com/Article.aspx?guid=3851934

 

• Azora invests in Fith Wall’s first European proptech fund: “We believe the European real estate tech market or ‘Prop-tech’ market is under-penetrated and has significant room to grow,” says Roelof Opperman, Managing Director, Fifth Wall. https://www.propertyfundsworld.com/2020/09/30/290248/azora-invests-fifth-walls-first-european-proptech-fund

 

• Property transactions are now made simpler, claims proptech firm:Innovative software can prevent fall-throughs and transform the property transaction process, says Yourkeys. https://thenegotiator.co.uk/property-transactions-are-now-made-simpler-claims-proptech-firm/

 

• Challenger portal promises local dominance to agents after AI launch https://thenegotiator.co.uk/challenger-portal-promises-local-dominance-to-agents-after-ai-launch/

 

• Starting young – student launches PropTech platform for investors https://www.propertyinvestortoday.co.uk/breaking-news/2020/9/starting-young–uni-student-launches-proptech-platform-for-property-investors

 

• Award-winning proptech product powers trust and convenience for UK letting agents during COVID-19 | News Anyway https://www.newsanyway.com/2020/09/30/award-winning-proptech-product-powers-trust-and-convenience-for-uk-letting-agents-during-covid-19/

 

• Facebook’s Big Augmented Reality Play Could Spark New Wave Of Proptech https://www.bisnow.com/national/news/technology/facebooks-augmented-reality-glasses-could-spark-new-wave-of-proptech-106145#ath

 

• New PropTech product nurtures leads for agents – even as they sleep https://www.estateagenttoday.co.uk/breaking-news/2020/9/new-proptech-product-nurtures-leads-for-agents–even-as-they-sleep

 

• How The New Kids On The Block Compare With Traditional Real Estate Companies https://www.forbes.com/sites/forbesrealestatecouncil/2020/09/28/how-the-new-kids-on-the-block-compare-with-traditional-real-estate-companies/#3c075d1f292b

 

• PERI constructing Germany’s first “market-ready” 3D printed residential building  https://3dprintingindustry.com/news/peri-constructing-germanys-first-market-ready-3d-printed-residential-building-176638/

 

• The Pullback in Proptech Investment Was Only Temporary https://www.connect.media/the-pullback-in-proptech-investment-was-only-temporary/

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

 

• In The Sunday Times today – Market Watch: Covid-19 may influence the housing situation but the government will determine it https://www.thetimes.co.uk/article/market-watch-covid-19-may-influence-the-housing-situation-but-the-government-will-determine-it-mkgmdp50r

 

• Buy-to-rent sales dominate €680m of Irish commercial property transactions in Q3 https://m.independent.ie/business/commercial-property/buy-to-rent-sales-dominate-680m-of-irish-commercial-property-transactions-in-q3-39580885.html

 

• Coronavirus in Ireland: Solving housing crisis is a priority, Micheál Martin insists https://www.thetimes.co.uk/article/coronavirus-in-ireland-solving-housing-crisis-is-a-priority-miche-l-martin-insists-b5vpgg3cl

 

• Stillorgan apartment portfolio at €9.7m offers 5.5% yield https://www.irishtimes.com/business/commercial-property/stillorgan-apartment-portfolio-at-9-7m-offers-5-5-yield-1.4366634?mode=amp

 

• Those who told us we’d have the cheapest house prices in a decade by Christmas, thanks to Covid-19, might be feeling a bit stupid. Who would have thought the spread of this frightening contagion could actually cause house prices to increase? https://m.independent.ie/opinion/comment/cheapest-houses-by-christmas-perhaps-not-but-change-is-coming-39567490.html

 

• New figures released by Real Estate Alliance for the last quarter revealed demand for housing is still on the up as more people look to move out of the city and return to their native counties. https://www.thesun.ie/news/5957660/irish-house-prices-rise-crash-fears/amp/

 

• State ‘should bail out’ distressed homeowners https://www.irishtimes.com/business/financial-services/state-should-bail-out-distressed-homeowners-1.4366852

 

• Extra repayment break is welcomed for local authority home loan… https://www.donegaldaily.com/2020/09/28/extra-repayment-break-is-welcomed-for-local-authority-home-loan-borrowers/

 

• Institutional investors are playing a key role in providing housing for all https://www.irishtimes.com/business/commercial-property/institutional-investors-are-playing-a-key-role-in-providing-housing-for-all-1.4367438?mode=amp

 

• Cheaper to live at the Hilton than a one-bed apartment in capital https://amp.independent.ie/irish-news/cheaper-to-live-at-the-hilton-than-a-one-bed-apartment-in-capital-39581054.html

 

• Fall in rental prices likely to be ‘short-lived’ phenomenon | Newstalk https://www.newstalk.com/news/rents-drop-short-lived-1083561

 

• For estate agents, markets rising or falling are better than stalled ones  https://amp.independent.ie/business/commercial-property/for-estate-agents-markets-rising-or-falling-are-better-than-stalled-ones-39577577.html

 

• Respond, a leading Approved Housing Body and service provider, reported today that they currently have 1,288 homes in construction around the country. The organisation said they increased their number of social homes to 4,056 in 2019; 9,480 tenants live in these homes, a 9% increase on 2018. The figures were released at the launch of the Respond Annual Report 2019. The annual report was launched by the Minister for Housing https://www.irishbuildingmagazine.ie/2020/09/30/respond-housing-launches-annual-report/

 

• AIB launches €300m social housing fund https://www.irishtimes.com/business/financial-services/aib-launches-300m-social-housing-fund-1.4368794?mode=amp

 

• Property report claims thousands of tech workers left Dublin during pandemic https://m.independent.ie/business/technology/property-report-claims-thousands-of-tech-workers-left-dublin-during-pandemic-39572891.html

 

• Kildare Property Watch: Horse heaven in Prosperous https://www.kildarenow.com/news/news/576805/kildare-property-watch-horse-heaven-in-prosperous.html

 

• Homes to view this week in Dublin, Mayo and Wicklow https://www.thetimes.co.uk/article/homes-to-view-this-week-in-dublin-mayo-and-wicklow-0vgp87tmm

 

• PROPERTY WATCH: Divine intervention could turn this €25k old church into a heavenly home https://www.kildarenow.com/news/news/577251/property-watch-divine-intervention-could-turn-this-25k-old-church-into-a-heavenly-home.html

 

• Is your house’s carbon footprint too high? Then we’re tearing it down https://www.irishtimes.com/life-and-style/is-your-house-s-carbon-footprint-too-high-then-we-re-tearing-it-down-1.4360544?mode=amp

 

• End of an era as Dublin’s ‘smallest sash window’ removed after 140 years https://www.dublinlive.ie/news/dublin-news/dublin-smallest-sash-window-historic-19015609

 

 

COMMERCIAL PROPERTY NEWS

 

• CNBC: Google abandoning a new Dublin office signals change for the commercial property markets https://www.cnbc.com/amp/2020/10/02/google-abandoning-a-new-dublin-office-signals-change.html

 

• Dell, one of the largest technology companies in the world, has returned office space at the City Gate in Cork with enough room for hundreds of desks to the landlord, JCD Group. https://m.independent.ie/business/technology/dell-vacates-office-space-with-room-for-hundreds-of-staff-39583308.html

 

• Real estate spend rebounds in third quarter but still down on last year: Year-to-date spend nears €2.4bn compared to €3.3bn in the first nine months of 2019 https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/real-estate-spend-rebounds-in-third-quarter-but-still-down-on-last-year-1.4369542?mode=amp

 

• Retailers have welcomed the Government’s new landlord-tenant code of conduct, which is aimed at relieving commercial rent pressures for financially-strained businesses. https://www.irishexaminer.com/business/economy/arid-40058138.html

 

• Call for vacant offices to be converted into homes https://www.rte.ie/news/ireland/2020/1002/1169003-housing-mcverry-trust/

 

• Flexible foothold in Dublin’s south docklands at rent of €52.50 per sq ft https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/flexible-foothold-in-dublin-s-south-docklands-at-rent-of-52-50-per-sq-ft-1.4363639?mode=amp

 

• New Look examinership ‘not about jobs’, landlords tell court https://www.irishexaminer.com/news/courtandcrime/arid-40056995.html

 

• Commercial landlords urged to show forebearance https://amp.rte.ie/amp/1168626/

 

• Tech sector drives Dublin office deals in third quarter https://m.independent.ie/business/commercial-property/tech-sector-drives-dublin-office-deals-in-third-quarter-39577579.html

 

• Fully let office in Dublin 2 on sale for €2.25m | Business Post https://www.businesspost.ie/commercial/fully-let-office-in-dublin-2-on-sale-for-225m-e9d1b666

 

 

INTERNATIONAL PROPERTY NEWS

 

• Google could be adding an extra 70,000 sq ft to its London office space https://www.siliconrepublic.com/companies/google-london-additional-space-headquarters

 

• Britain’s housing boom… will fizzle out: Rising property prices fuelled by stamp duty freeze will fade away next year with average home losing £7,350, Google search data shows https://www.dailymail.co.uk/news/article-8780237/amp/Rising-property-prices-fade-year-average-home-losing-7-350-Google-search-data-shows.html

 

• Old nylon factory converted into “cathedral-like” office space https://www.dezeen.com/2020/09/28/kb-building-factory-hofmandujardin-offices-netherlands/

 

• Government told to let in overseas bricklayers and welders https://www.constructionenquirer.com/2020/09/29/government-told-to-let-in-overseas-bricklayers-and-welders/

 

• Colony Capital, Inc. announced the sale Thursday of six hotel portfolios valued at a total of $2.8B to hospitality management firm Highgate Holdings. Colony will receive $67M in gross proceeds, while Highgate will assume the $2.7B of debt against the portfolios. Click here for the full story: https://lnkd.in/equAra8

 

• Mamma Mia! Pierce Brosnan home up for sale at $100m https://m.independent.ie/style/celebrity/celebrity-news/mamma-mia-pierce-brosnan-home-up-for-sale-at-100m-39575325.html

 

• The slowdown caused by coronavirus saw Lendlease pre-tax profit plunge to £3.9m from £32m in 2019. https://www.constructionenquirer.com/2020/10/01/lendlease-profits-nosedive-to-3-9m/

 

• Amey posts £217m loss for 2019 caused primarily by restructuring. https://www.theconstructionindex.co.uk/news/view/amey-posts-217m-loss-for-2019

 

• JV partner sought for £600m Olympic park scheme https://www.constructionnews.co.uk/buildings/jv-partner-sought-for-600m-olympic-park-scheme-02-10-2020/?tkn=1

 

• London homes designed with wellbeing in mind: flats with social hubs for live-alone Londoners facing future lockdowns. Lockdown is creating problems for lonely Londoners. New homes designed with co-working and socialising spaces are a thoughtful way forward: https://www.homesandproperty.co.uk/property-news/buying/new-homes/london-homes-social-spaces-lockdown-a140396.html#gallery (pictured below)

 

 

 

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/