Sunday Property Round-Up, December 1st 2019

Subscribe for your Sunday Property Round-Up

 


 Before we get stuck into the general property news of the week, I would like to take a moment to acknowledge the passing of Simon Brooke. Simon was such an important and impactful advocate for social housing, particularly during this challenging time in Irish housing. He was also an absolute gentleman, I learned a lot from him when chairing or joining in industry panel discussions. Condolences to all of his family, friends and colleagues at Cluid https://www.cluid.ie/simon-brooke-rip/

 

 

Below are a few local and international stories that might be of particular interest: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Ugly Irish Houses: “Access to money makes people do ugly things” https://www.rte.ie/lifestyle/living/2019/1128/1095694-ugly-irish-houses-access-to-money-makes-people-do-ugly-things/

 

 

 

  • Awards season 2019 kept going this week with the Fit Out Awards on Wednesday evening followed by the Docklands Business Forum Awards  on Thursday evening (with special appearances from our Housing Minister Eoghan Murphy and former Taoiseach Bertie Ahern!). Also on Thursday, the Irish Independent’s PIEA awards took place (winners below) and on Friday, the  Irish Building & Design Awards closed out the week – well done to all our construction and property clients, colleagues and friends who enjoyed well-deserved wins! 

 

 

 

 

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@caroltallon.com.

 

 

(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). Seasoned political broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from the areas of planning, construction, property and proptech. Produced by Katie Tallon of Hear Me Roar Media.

 

(l-r) Bryan Fox, Colm Daly, Carol Tallon and John Power

 

We were joined in the Property Matters studio this week by Colm Daly, chief executive of HomeSecure to discuss the next generation of tech-enabled home and personal security products and services.

 

Also, John Power, MD of Strategic Growth Leaders (SGL) Corporate Finance and Sandford Advisors explored strategies for construction businesses to help prepare for the impact of Brexit. 

 

Listen back  here: https://anchor.fm/ipropertyradio/episodes/Property-Matters–November-26th-2019-e98mch 

 

*Listen back to all #PropertyMatters episodes here: https://anchor.fm/ipropertyradio

 

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

 

  • Ronan raises stakes in legal battle against Clancourt. A legal battle between a company owned by Johnny Ronan and Clancourt, the company owned by the Kenny developer family, has escalated even further with Ronan lodging a lawsuit against the state:
    https://www.businesspost.ie/legal/ronan-raises-stakes-in-legal-battle-against-clancourt-1c3bf8fc

 

 

  • Sean Reilly cements big profit on development sites:
    ‘A property group owned by Dublin developer Sean Reilly and his family made almost €110m profit last year after a bumper land sale. Alcove Holdings, parent company of Reilly’s various businesses including builder McGarrell Reilly, had sales of €171.2m in 2018, a more than fivefold increase from €33.1m the previous year. Pre-tax profits hit €109.5m, up from €6m in 2017. The surge in profits resulted largely from the sale of sites in Dublin and Meath to the quoted homebuilder Glenveagh Properties in March last year. Alcove recorded turnover of €84.6m from land sales, residential sales of €50.1m, and €36m in contracting income. The figures represent a remarkable comeback for Reilly, who has developed property in Ireland, the UK and Germany since 1981.’
    https://www.thetimes.co.uk/edition/ireland/sean-reilly-cements-big-profit-on-development-sites-r7xb8m9t0

 

 

 

  • Sales of Irish development land set to top €1bn this year: Housing shortage is continuing to fuel sales of residential development sites

https://www.irishtimes.com/business/commercial-property/sales-of-irish-development-land-set-to-top-1bn-this-year-1.4096113

 

 

 

  • London-based operator, The Collective,  downscale Liberties co-living complex after meetings with Dublin City Council | BusinessPost.ie https://www.businesspost.ie/construction/developers-downscale-liberties-co-living-complex-after-meetings-with-council-47546c18

 

 

 

 

 

 

 

 

 

 

 

 

  • New wind farm passes ‘hugely important milestone’ as construction begins https://www.irishexaminer.com/breakingnews/business/new-wind-farm-passes-hugely-important-milestone-as-construction-begins-967091.html

 

 

 

 

 

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

 

  • 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 * 

 

 

 

 

 

 

 

 

 

 

  • Can we crack modular housing?
    ‘For decades, modular housing has been the sector’s equivalent of nuclear fusion: the imagined fount of limitless supply has always been just over the horizon… but never quite within reach.
    However, Boris Johnson’s government appears to have hollered the edict: it’s time to ‘get modular done’.
    https://www.propertyweek.com/insight/can-we-crack-modular-housing/5105405.article

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Proptech Entera Raises $7.5 Million to Further Expand Operations https://www.crowdfundinsider.com/2019/11/154526-proptech-entera-raises-7-5-million-to-further-expand-operations/

 

 

 

MORTGAGE NEWS

 

  • ‪Makhlouf resists pressure to relax mortgage lending rules for first-time buyers:
    ‘Makhlouf resists pressure to relax mortgage lending rules for first-time buyers. As he prepares to release the Central Bank’s annual review of mortgage lending rules, Gabriel Makhlouf, the regulator’s new governor, knows that he is under political pressure to help first-time buyers.’

    https://www.businesspost.ie/ireland/makhlouf-resists-pressure-to-relax-mortgage-lending-rules-for-first-time-buyers-36b7f4f0

 

 

  • Central Bank asked to probe mortgage “dual-pricing” https://www.rte.ie/news/business/2019/1125/1095016-central-bank-asked-to-probe-mortgage-dual-pricing/‬

 

 

 

 

 

  • Two more lenders launch review into possible overcharging
    Bank of Ireland and KBC now investigating whether any customers have been issued incorrect charges: https://www.businesspost.ie/companies/two-more-lenders-launch-review-into-possible-overcharging-837fb6c6

 

 

OTHER PROPERTY NEWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Dublin’s newest hotel set to open its doors in docklands | BusinessPost.ie https://www.businesspost.ie/hospitality/dublins-newest-hotel-set-to-open-its-doors-in-docklands-5f9d5222

 

 

 

 

 

 

 

 

 

 

 

 

  • Michael Fetherston to sell care home group TLC:
    ‘Michael Fetherston, the businessman who is in the process of buying the K Club luxury golf resort, is looking to sell his TLC Nursing Homes portfolio for more than €155m. Fetherston appointed Rubicon Capital Advisors to run the sale process earlier this summer, and sources say that bids for the company have been separately lodged by Primonial REIM, a French fund manager; Dutch private equity company Waterland; German property company Immac; and InfraVia, the French owner of Mater Private hospital group. A sovereign wealth fund is also believed to be interested.’
     https://www.thetimes.co.uk/edition/ireland/michael-fetherston-to-sell-care-home-group-tlc-w3pksrqjl

 

 

 

  • A success story in Sandyford –
    Recent deals have indicated that Sandyford Business District is one of the most attractive investment targets in the whole of south Co Dublin: https://www.businesspost.ie/commercial/a-success-story-in-sandyford-2f48280a

 

 

 

 

 

Subscribe

* indicates required

 

SUNDAY PROPERTY ROUND-UP

Sign up to receive Property District's weekly  Sunday Property Round-Up, for all the latest construction, property and proptech news straight to your inbox.

You know what your team does well,

let our team amplify it across the industry...

Get in touch