Sunday Property Round-Up, December 22nd 2019

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

 

 

I would like to take this opportunity to wish you all a Merry Christmas from all the team at Property District. 2019 has been an important year for our Communications & PR business with our tech-based solution for public consultation (PLACEengage.com) gaining traction; Property Matters radio show and podcast (iPropertyRadio.com) has survived 12 months on air and we are returning for another season in January 2020;  and, thanks to our amazing clients, our ghost-written industry content has appeared across almost every publication in Ireland (and in an increasing number of UK media outlets).  We are grateful and I am personally grateful for all the support this year. Thank you.

 

 

 Before we get stuck into the general property news of the week, below are a few local and international stories that might be of particular interest: 

 

 

 

 

 

 

 

  • Strategic Housing
    Development arrangements have now been extended until 31 December 2021 (S.I. No. 598 of 2019)

 

 

 

 

  • Four new Rent Pressure Zones come into operation as average rents rise 8% https://www.breakingnews.ie/ireland/four-new-rent-pressure-zones-come-into-operation-as-average-rents-rise-8-971125.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Airbnb is not an estate agent, EU court rules: The accommodation-booking service Airbnb does not need an estate agent’s licence to operate in France, Europe’s top court has ruled.
    The French tourism association had complained that Airbnb did not comply with French property laws.
    It means the app’s users avoid a threat of disruption to its service in the country.
    Had the court ruled the other way it would have served as a precedent for other EU regulators.
    The Court of Justice of the European Union (CJEU)’s decision was based on its determination that Airbnb was an “information society service” rather than a property broker.

    https://www.bbc.com/news/technology-50851419

 

 

 

 

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. 

 

Michael O’Flynn, CEO and Chairman of O’Flynn Group & Carol Tallon, Property District

 

For our final Property Matters show of the year, I was joined by Michael O’Flynn, CEO and chairman of the O’Flynn Group, for a 60-minute in-depth discussion on the state of development in Ireland right now. This was one of my highlights of the year for the radio show so I hope you enjoy it.

 

Listen here: https://anchor.fm/ipropertyradio/episodes/Property-Matters–17th-December-2019—Michael-OFlynn–OFlynn-Group-e9jvr1 

 

 

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

 

We will be putting together our guest and content line-up for the New Year schedule shortly, all suggestions welcome!  Email the Property Matters team at hello@iPropertyRadio.com

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

  •  ‘Legal challenges taken against planning decisions reach a new high this year: Infrastructure and housing being delayed by cases, says government’. This is a huge problem and one that the PLACEengage.com team has been talking directly to property developers about – developers, please take 2 minutes to answer these 5 questions:  https://www.surveymonkey.com/r/KRTSYGY 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Dept of Heritage fighting plans to turn Joyce house into hostel: The site on Usher’s Island in Dublin 2 was the setting for the legendary author’s celebrated short story The Dead https://www.businesspost.ie/construction/dept-of-heritage-fighting-plans-to-turn-joyce-house-into-hostel-acb4b569

 

 

 

*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

 

  • Irish Construction Data 2020: A pilot project will be kicking off in the early new year to collect Irish construction projects data in order to build industry big data. Property District is partnering with Dr. Houssem Jerbi and the team at Smart PMO to use AI (Artificial Intelligence) to develop industry collective intelligence to improve Irish construction. The predictive data analytics will help ​de-risk projects through reducing delays and cost-overruns.  This is an industry first for Irish construction, providing participating organisations with new, unique insights and the opportunity to benchmark individual project/organisation data against the market, essentially revealing the strengths and weaknesses of live projects and optimising projects KPIs. I will be sending an email to contractors and cost/project managers shortly, if you are interested in getting involved in this pilot project in 2020 please email carol@propertydistrict.ie.

 

  • The lead industry story in The Sunday Times today reports that ‘Johnny Ronan’s docklands housing scheme to be tallest in Dublin’:

    ‘Property developer Johnny Ronan has started formal consultations with An Bord Pleanala about building an apartment scheme in the Dublin docklands that would include a 44-storey tower.

    Ronan Group Real Estate and its backer Colony Capital are proposing to build 999 apartments at the Project Waterfront site, close to the 3Arena in the north docks.

    The plan comprises 579 build-to-rent apartments alongside 420 units that would be offered for sale. The project would have two towers, of 44 and 40 storeys, twice the height of the current tallest residential building in Dublin.’


     https://www.thetimes.co.uk/edition/ireland/johnny-ronans-docklands-housing-scheme-to-be-tallest-in-dublin-n20tdhz6f

 

 

 

  • Also in the Business Post, Killian Woods reports that ‘McKillen jr bid to add floors to office block is turned down’: Permission refused for two extra floors on eight-storey building in Dublin https://www.businesspost.ie/commercial/mckillen-jr-bid-to-add-floors-to-office-block-is-turned-down-f21c5da5

 

  • Developers lodge plans for 2,500 homes at five sites across Dublin:

    Plans for nearly 2,500 homes in Dublin have been lodged with An Bord Pleanála.
    They involve five separate large developments across the county. The largest of the proposals involves 999 apartments in the North Wall Quay in Dublin city, with more than half for the rental market. There are also plans for 659 apartments in nearby Sheriff Street Upper and the East Wall Road. Towards the north of the county, plans have been lodged for 512 apartments in the Howth Road in Howth.

    https://www.breakingnews.ie/ireland/developers-lodge-plans-for-2500-homes-at-five-sites-across-dublin-971352.html

 

 

 

 

 

 

  • Sod turning and ribbons cut  on Carrick-on-Shannon, Drumshanbo and Rooskey social housing projects https://lnkd.in/dieg3yz

 

 

 

 

  • Falcon submits Planning Application for North Quays Development https://waterfordnorthquays.ie/2019/12/17/falcon-submits-planning-application-for-north-quays-development/amp/?__twitter_impression=true

 

  • The State of Construction:‬
    ‪“Queues of prospective buyers became something of a norm in recent years as people desperately fought to get on the property ladder and escape the rental sector, but now those queues are dwindling…”‬
    ‪ https://propertydistrict.ie/the-state-of-construction-december-2019/‬

 

 

 

 

  • Large shipping container site to be built beside Dublin Airport: A 12.1-acre (4.89-hectare) shipping container storage site will be situated at Coldwinters in north Co Dublin (pictured above)  https://www.businesspost.ie/commercial/large-shipping-container-site-to-be-built-beside-dublin-airport-3a2df918

 

 

 

 

 

PROPTECH, MMC & CONSTRUCTION INNOVATION

 

 

L-R: Geradine Larkin, NSAI Chief Executive, Ger Fahey, Managing Director of Horizon Offsite Ltd & Pat Breen, Minister for Trade, Business & Employment.

 

 

  • 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 * 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER PROPERTY NEWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Intercom agrees lease for new 113,000 sq ft headquarters in Dublin: Irish-founded technology company Intercom is to move into new headquarters on Earlsfort Terrace in Dublin.

    The company, which is currently based in Anglo Irish Bank’s former HQ on St Stephen’s Green, has this week signed a deal to lease over 113,000 square feet for the new Cadenza building, which is to be located close to the National Concert Hall.

    The tech company has agreed an 18-year lease with Irish Life at a rent of €60 per square feet. It s expected to move intor the new building in January 2022. https://www.irishtimes.com/business/commercial-property/intercom-agrees-lease-for-new-113-000-sq-ft-headquarters-in-dublin-1.4120796?mode=amp

 

 

 

 

 

  • Maybourne begins California dream with Beverly Hills hotel: The Montage Beverly Hills hotel is a regular haunt of A-list celebrities, with paparazzi successfully snapping the likes of actress Reese Witherspoon, model Kylie Jenner and her reality star half-sister Kourtney Kardashian at the Los Angeles property.

    From this weekend, Paddy McKillen, the Belfast-born property investor and developer, is likely to be a frequent visitor to the 201-bedroom hotel. McKillen, whose property interests include the Jervis shopping centre and Clarence hotel in Dublin, was a key adviser on the purchase of the Montage by the Maybourne hotel group for about $400m (€361m) and will be heavily involved in the “repositioning and renovation” of the Montage: https://www.thetimes.co.uk/edition/ireland/maybourne-begins-california-dream-with-beverly-hills-hotel-hspbtx0nq

 

 

 

  • Palm Capital plants €85m into Dublin warehouse project: An affiliate of the London-based real estate private equity firm Palm Capital has agreed to forward-fund an €85m logistics warehousing project in Dublin.

    It is understood that Palm Logistics has agreed to buy the development, which comprises two grade A logistics warehouses plus associated offices and staff facilities at Greenogue Business Park in Rathcoole, spanning an area of nearly 41,670 sq m. https://www.thetimes.co.uk/edition/ireland/palm-capital-plants-85m-into-dublin-warehouse-project-d2w5h9hlg

 

 

Merry Christmas & Best Wishes for the New Year!

 

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