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:
- Ireland on course to be fastest growing economy in world in 2020 https://www.irishtimes.com/business/economy/ireland-on-course-to-be-fastest-growing-economy-in-world-in-2020-1.4427464?mode=amp
- Dublin ranked sixth best European city for real estate development: Concerns expressed over capital’s office market in PwC/Urban Land Institute report https://www.businesspost.ie/property-insight/dublin-ranked-sixth-best-european-city-for-real-estate-development-886c7b69
- High time for Government to play its proper part in solving the housing crisis https://www.irishtimes.com/business/commercial-property/high-time-for-government-to-play-its-proper-part-in-solving-the-housing-crisis-1.4423552 Also: From building new homes to improving the private rental sector and tackling the issue of vacant land, the path forward is clear https://amp.independent.ie/opinion/comment/we-know-how-to-tackle-the-housing-crisis-what-we-need-now-is-the-political-will-39816008.html
- New rules will protect tenants over rent deposit: If minimum standards are not met, auctioneers, estate agents, letting agents and property management companies could face sanctions, including a monetary penalty or the suspension or revocation of a licence by the authority. https://m.independent.ie/irish-news/new-rules-will-protect-tenants-over-rent-deposit-39807248.html
- OECD countries ill-equipped to meet Covid-19 housing crisis https://www.irishtimes.com/news/health/coronavirus/oecd-countries-ill-equipped-to-meet-covid-19-housing-crisis-1.4423678?mode=amp
- It is a mistake for Dublin to turn its back on co-living – City will be rife with luxury hotels as young professionals work from childhood bedroom https://www.irishtimes.com/opinion/it-is-a-mistake-for-dublin-to-turn-its-back-on-co-living-1.4422849?mode=amp
- Former Dragons’ Den investor and businessman Barry O’Sullivan has teamed up with Dublin charity Focus Ireland on a project to deliver over 100 homes in the next two years for families and individuals who are homeless or at risk. https://dublinpeople.com/news/dublin/articles/2020/11/29/former-dragons-den-investor-teams-up-with-dublin-charity-focus-ireland-to-tackle-homelessness/?amp
- Salvation Army homeless hostel for minors in Dublin city centre to shut down next year https://www.thejournal.ie/homeless-lefroy-house-dublin-closing-5287109-Dec2020/
- Action promised on rental overcrowding after ‘shocking’ Prime Time investigation- The revelations prompted a strong reaction online. https://www.thejournal.ie/rte-investigates-2-5288579-Dec2020/?amp=1
- Nama ‘mismanagement’ caused €10m loss for taxpayer on property deal https://www.irishexaminer.com/news/arid-40139537.html
- Waterford set to revive divisive Kilkenny boundary claim https://www.kilkennypeople.ie/news/home/592951/waterford-set-to-revive-divisive-kilkenny-boundary-claim.html
- David McWilliams: Start building and don’t stop until we have all-island transport, which hasn’t been considered for 100 years. Too long https://www.irishtimes.com/opinion/david-mcwilliams-start-building-and-don-t-stop-until-we-have-all-island-transport-1.4426820?mode=amp
- Times Past: Mother Praxedes Carty – Bawnboy builder nun: Historian Jonathan Smyth’s latest edition of Times Past looks at a holy woman from Bawnboy who was responsible for the construction of an all girls school in Texas | Anglo Celt https://www.anglocelt.ie/2020/11/29/times-past-mother-praxedes-carty-bawnboy-builder-nun/
- Cloudflare’s ‘Irish’ insult rankles: It finally happened – a billionaire tech CEO has labelled Ireland a dump. Cloudflare founder Matthew Prince says we’re “unwelcoming” and that our “food and weather suck”. https://amp.independent.ie/business/technology/cloudflares-irish-insult-rankles-39825811.html
- AIB ‘to form new insurance alliance’ https://www.thetimes.co.uk/article/aib-to-form-new-insurance-alliance-66wfwm8bg
- Tributes paid following death of one of Limerick’s most well-known businessmen: Michael Parkes was executive chairman of Parkes Properties group who were behind some of Limerick’s most ambitious property developments – both commercial and residential. https://www.limerickleader.ie/news/home/593850/tributes-paid-following-death-of-one-of-limericks-most-well-known-businessmen.html
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.
On Property Matters this week, Director of Communications with the Construction Industry Federation, Shane Dempsey, co-hosts a Construction Innovation Special with Carol Tallon, Proptech Ireland. Our expert guests this week are:
- PJ Rudden, Managing Director of Aengus Consulting and Chair of Construction Innovation and Digital Adoption (Ireland)
- Mark Farmer, Founding Director & CEO at Cast Consultancy and Co-Chair of Constructing Excellence (UK)
Produced by Katie Tallon of Hear Me Roar Media.
*Listen back: https://ipropertyradio.com/property-matters
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- Donabate community council to meet with Housing Minister: The community council in Donabate and Portrane has secured a meeting with Housing Minister Darragh O’Brien to voice concerns over planning policy. https://dublingazette.com/news/minister-planning-94890/
- Dublin docklands residents urge refusal of 15-storey social housing tower: Developer did not intend to have social housing in block when applying to council, says residents https://www.irishtimes.com/news/social-affairs/dublin-docklands-residents-urge-refusal-of-15-storey-social-housing-tower-1.4422788?mode=amp
- Moving Hong Kong to Louth? Immigrant influx could act as a buffer to expected property price downturn https://amp.independent.ie/opinion/moving-hong-kong-to-louth-immigrant-influx-could-act-as-a-buffer-to-expected-property-price-downturn-39823339.html
- Anger at plans for 246 apartments on Bessborough land https://www.irishexaminer.com/news/munster/arid-40110851.html?type=amp This story also featured in the Sunday papers: Micheál Martin: flats plan may be wrong for Bessborough mother and baby home site https://www.thetimes.co.uk/edition/ireland/micheal-martin-flats-plan-may-be-wrong-for-bessborough-mother-and-baby-home-site-2krfjmdc7
- High Court revives plan for 81-bed hotel and artisan food hub in Spiddal https://www.breakingnews.ie/amp/ireland/high-court-revives-plan-for-81-bed-hotel-and-artisan-food-hub-in-spiddal-1046353.html
- Reimagining Limerick’s Georgian Laneways | Limerick.ie https://www.limerick.ie/council/newsroom/news/reimagining-limericks-georgian-laneways
- Window Winterland Walking trail unveiled in Limerick city centre https://www.live95fm.ie/news/live95-news/window-winterland-walking-trail-unveiled-in-limerick-city-centre/
- OPW decides on official name for County Limerick castle https://www.live95fm.ie/news/live95-news/opw-decides-on-official-name-for-county-limerick-castle/
- Bord sends back development plans for Cork suburb for amendment https://www.echolive.ie/corknews/Bord-sends-back-development-plans-for-Cork-suburb-for-amendment-3e5c0775-bc67-493c-aaa6-b917aee9345e-ds
- Galway – a city in transition? The bypass could prove a backward step, while proposed changes at Galway Harbour may neve get off the ground https://www.advertiser.ie/galway/article/118543/galway-a-city-in-transition
- Street art walking tour is the perfect way to explore Cork city this Christmas: An Ardú walking tour is a lovely way to visit Cork city centre in a socially distant and safe way this festive season https://www.irishexaminer.com/lifestyle/artsandculture/arid-40129691.html
- Dublin couple face €35,000 fee for building house for disabled daughter: New homes are not exempt from development fees to Fingal County Council https://www.irishtimes.com/news/social-affairs/dublin-couple-face-35-000-fee-for-building-house-for-disabled-daughter-1.4422830?mode=amp
- Naas traders are irked by Poplar Square move: There has been a mixed reaction to the creation of a public realm space, new pedestrian crossings and an improved bus stop at Poplar Square, Naas. https://www.kildarenow.com/news/home/592678/naas-traders-are-irked-by-poplar-square-move.html
- New guidelines on wind farms must be issued http:// http://clareherald.com/2020/11/new-guidelines-on-wind-farms-must-be-issued-71213/
- Late calls made to postpone oral hearing into €10m Limerick project https://www.limerickleader.ie/news/home/592627/late-calls-made-to-postpone-oral-hearing-into-10m-limerick-project.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
- Construction information services round-up | Business Post (Townmore.ie image above) https://www.businesspost.ie/commercial/construction-information-services-round-up-abb40642
- Developer interest in commuter belt is starting to gain ground: With a possible Covid-19 vaccine on the horizon, investors are risking a flutter on the possibility of rising demand in the coming months https://www.businesspost.ie/commercial/developer-interest-in-commuter-belt-is-starting-to-gain-ground-7b29558c
- Price rise in building supplies threatens new housing: Top firm McMahons Builders Providers told developers in a letter last week that price hikes on building materials will ensue in the new year https://www.businesspost.ie/construction/price-rise-in-building-supplies-threatens-new-housing-f790cc09
- Breaking ground on this exciting and transformative commercial development in Limerick is featured across all the sunday papers today but the best coverage is through the local newspaper with video footage: WATCH – Landmark day in Limerick as work on €200m scheme kicks off https://www.limerickleader.ie/video/news/592560/watch-landmark-day-in-limerick-as-work-on-200m-scheme-kicks-off.html
- Repairs to defective apartments could cost more than €1bn https://www.irishtimes.com/news/ireland/irish-news/repairs-to-defective-apartments-could-cost-state-in-excess-of-1bn-1.4424879
- New hotels ‘not feasible’ as developers seek other options for sites: Hospitality industry webinar hears that recently booming market has now ‘stalled’ https://www.irishtimes.com/business/transport-and-tourism/new-hotels-not-feasible-as-developers-seek-other-options-for-sites-1.4423834
- Also: Dublin won’t be getting all those hotels after all https://www.irishtimes.com/life-and-style/travel/ireland/dublin-won-t-be-getting-all-those-hotels-after-all-1.4426827?mode=amp
- Work starts on 101 apartments at Dalkey’s Castle Park site: The four-storey, crescent-shaped apartment complex on the woodland site will have two-bed, one-bed and studio apartments all with balcony or terrace https://www.businesspost.ie/commercial/work-starts-on-101-apartments-at-dalkeys-castle-park-site-8644d4e6
- Judge rules Minister must disclose documents over school construction https://www.irishtimes.com/news/crime-and-law/courts/high-court/judge-rules-minister-must-disclose-documents-over-school-construction-1.4424650
- Almost 7,500 people have availed of the Government’s €1,000 so-called “Man in a Van” grant, new figures from the Department of Social Protection show. https://www.irishtimes.com/news/ireland/irish-news/almost-7-500-people-avail-of-man-in-a-van-grant-1.4422819?mode=amp
- Bartra Capital has secured planning permission for a €25 million co-living scheme for a site on Merrion Road in Dublin 4 despite strong local opposition https://www.irishtimes.com/business/economy/co-living-scheme-in-d4-gets-green-light-1.4424842?mode=amp
- Rejected plans for 28 storey Castleknock hotel appealed to An Bord Pleanála https://dublinpeople.com/news/northsidewest/articles/2020/12/01/23521-2/
- Marlet appoints BAM Ireland as main contractor for commercial development the Shipping Office on Sir John Rogerson’s Quay https://www.irishbuildingmagazine.ie/2020/12/04/marlet-appoints-bam-ireland-as-main-contractor-for-commercial-development-the-shipping-office-on-sir-john-rogersons-quay/
- Francis Rhatigan’s Winterbrook has begun formulating plans for it latest apartment scheme following the €20m off-market purchase of a prime south Dublin site from the Society of Mary (Marist Fathers). https://www.irishtimes.com/business/commercial-property/marist-fathers-secure-20m-from-sale-of-south-dublin-lands-1.4424576?mode=amp
- Plan for 660 homes near Battle of Boyne site quashed by court https://www.breakingnews.ie/ireland/plan-for-660-homes-near-battle-of-boyne-site-quashed-by-court-1045557.html
- IDA to build €11m Waterford and Limerick FDI sites https://amp.independent.ie/business/irish/ida-to-build-11m-waterford-and-limerick-fdi-sites-39825792.html
- Green light for mixed use development in Knocknacarra, despite residents’ concerns: A controversial plan for a mixed use development at a brownfield site in Knocknacarra has been given the thumbs up by An Bord Pleanála.The project, which includes a restaurant and bar, is led by Highcross Developments Limited and had been the subject of an appeal by a residents’ association https://connachttribune.ie/green-light-for-mixed-use-development-in-knocknacarra-despite-residents-concerns/amp/
- Glanbia Ireland turns the sod on a new €15 million Innovation Centre in Ballyragget https://www.kilkennypeople.ie/news/home/592551/glanbia-ireland-turns-the-sod-on-a-new-15-million-innovation-centre-in-ballyragget.html
- Local council buying up ‘strategic’ properties across Kilkenny – https://kilkennynow.ie/local-council-buying-up-strategic-properties-across-kilkenny/
- An Bord Pleanála has granted permission for 4,850 homes in Co. Kildare through the strategic housing development mechanism.https://kfmradio.com/news/01122020-0821/abp-grant-permission-nearly-5000-homes-co-kildare
- Kildare data centre proposal on the cards for Naas area: County councillors asked to meet planning consultants https://www.kildarenow.com/news/home/592668/kildare-data-centre-proposal-on-the-cards-for-naas-area.html
- Proposal for temporary dwellings on Kildare sites: Motion aims to relieve ongoing shortage of rental accommodation https://www.kildarenow.com/news/home/593361/proposal-for-temporary-dwellings-on-kildare-sites.html
- Kildare residents object to five storey Leixlip apartment plan: Plan could lead to community conflict says residents association chairman https://www.leinsterleader.ie/news/home/593410/kildare-residents-object-to-five-storey-leixlip-apartment-plan.html
- Townmore: Long-Awaited School Build Brings Opportunities for Local Construction Industry https://www.irishrealestate.news/long-awaited-school-build-brings-opportunities-for-local-construction-industry/
- Planning permission sought for 36 new homes in Carrick-on-Suir https://www.tipperarylive.ie/news/home/592504/planning-permission-sought-for-36-new-homes-in-carrick-on-suir.html
- Tipperary ‘shovel ready’ site fails to interest Land Development Agency: The Land Development Agency has rejcted a call to utilise the Tipperary County Council owned land at Streame to build houses on. https://www.tipperarylive.ie/news/news/593340/tipperary-shovel-ready-site-fails-to-interest-land-development-agency.html
- New housing estate to be constructed in Tipperary http://tippfm.com/featured-2/new-housing-estate-constructed-tipperary/
- Framespace announces 100 jobs in Longford https://www.irishtimes.com/business/construction/framespace-announces-100-jobs-in-longford-1.4425381
- A manager at Kingspan Insulation has apologised to the Grenfell Inquiry for his unprofessional email responses to safety concerns from contractors. https://www.constructionenquirer.com/2020/12/01/kingspan-manager-apologises-to-grenfell-inquiry-for-angry-reaction/ Also: Kingspan begins disciplinary procedures over Grenfell Tower inquiry https://www.irishtimes.com/business/manufacturing/kingspan-begins-disciplinary-procedures-over-grenfell-tower-inquiry-1.4424937?mode=amp
- Kingspan, the Grenfell inquiry and the middle management email chain – In emails released to the Grenfell inquiry, a picture emerges about some of Kingspan’s employees, and some of the tactics used regarding questions over product safety. https://thecurrency.news/articles/30755/kingspan-the-grenfill-inquiry-and-the-email-chain/
- Market Surveillance of Construction Products https://www.gov.ie/en/publication/755e6-market-surveillance-of-construction-products/
- Irish solar firm Amarenco seals buys in Spain, Portugal https://amp.independent.ie/business/irish/irish-solar-firm-amarenco-seals-buys-in-spain-portugal-39820015.html
- Inside Track: London big-wigs find Pat O’Flynn’s Solvotrin absorbing https://www.thetimes.co.uk/article/inside-track-london-big-wigs-find-pat-oflynns-solvotrin-absorbing-xznrf6npq
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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 *
- LexTech taking the pain out of contracts for construction: Legal technology is assisting the construction industry to manage their contracts, manage claims and ensure that contract administration is satisfied https://www.businesspost.ie/commercial-reports/lextech-taking-the-pain-out-of-contracts-for-construction-f44591c5
- Construction revealed amongst the least-prepared sectors – 87% believe they are not well equipped: Expleo survey reveals one third of businesses in Ireland won’t exist by 2025 without digital transformation https://irishtechnews.ie/expleo-survey-reveals-one-third-of-businesses-in-ireland-wont-exist-by-2025-without-digital-transformation/
- Irish early-stage start-ups suffering funding crisis: Cautious investors focusing on companies in high-demand during Covid-19 pandemic https://www.irishtimes.com/business/technology/irish-early-stage-start-ups-suffering-funding-crisis-1.4421284?mode=amp
- Real estate sectors are not in danger of becoming obsolete: ‘A consistent feature of the property market has been its willingness to adapt and evolve’ https://www.businesspost.ie/commercial-reports/real-estate-sectors-are-not-in-danger-of-becoming-obsolete-bafa9037
- Vaccine sites will be needed fast, Modubuild thinks it has the answer https://amp.independent.ie/business/commercial-property/vaccine-sites-will-be-needed-fast-modubuild-thinks-it-has-the-answer-39819918.html
- iBuyer for Ireland: Irish-founded home-buying service Spring eyes local market https://www.irishtimes.com/business/irish-founded-home-buying-service-spring-eyes-local-market-1.4426770?mode=amp
- Elite panel chosen to discuss future construction trends https://irishtechnews.ie/elite-panel-chosen-future-construction-trends/
- Digital misuse in construction is cause for concern: Don’t lose yourself in digital construction and forget to look at the bigger picture https://www.businesspost.ie/commercial-reports/digital-misuse-in-construction-is-cause-for-concern-85fda0c1
- Construction’s contribution to Europe’s smart infrastructure: Sector is to the fore for ‘Industry 4.0’ https://www.businesspost.ie/commercial-reports/constructions-contribution-to-europes-smart-infrastructure-59fb53f2
- £4.5m in one of NI’s first ‘smart’ home developments https://www.newsletter.co.uk/business/ps45m-one-nis-first-smart-home-developments-3051972?amp
- This is a good time to start a proptech company – TechCrunch https://techcrunch.com/2020/12/03/this-is-a-good-time-to-start-a-proptech-company/
- Weak leadership will form the basis of not only a failed company but a failed industry – https://www.estateagenttoday.co.uk/breaking-news/2020/12/proptech-today-weak-leadership-threatens-innovation?source=newsticker
- Earlier this year the UK Construction Leadership Council published a roadmap for the industry, which highlighted the increasing role of modern methods of construction to promote housing quality… https://www.postonline.co.uk/technology/7702476/spotlight-sustainability-modern-methods-of-construction
- What should estate and letting agents look for in a software provider in 2021? https://www.estateagenttoday.co.uk/features/2020/12/what-should-agents-look-for-in-a-software-provider-in-2021
- The Redundancy of Real Estate – and How to Avoid it https://www.twinfm.com/article/the-redundancy-of-real-estate-and-how-to-avoid-it
- Shayp raises €1.9 million for proptech that helps reduce water usage by 20 percent https://tech.eu/brief/shayp-funding/
- PlaceTech | Russian proptech VC launches: The Trinfico Investment Group together with PropTech Russia have agreed to create a venture capital company, called Proton Capital, aimed at attracting investments in technologies that ensure the innovative development of the real estate sector in Russia. https://placetech.net/news/russian-proptech-vc-launches/
- Belgium’s SweepBright helps real estate agents to digitise their sales process; raises €2.1M to enter French market | Silicon Canals https://siliconcanals.com/crowdfunding/sweepbright-raises-2-1m/
- The road to smart city infrastructure starts with research – TechCrunch https://techcrunch.com/2020/11/30/the-road-to-smart-city-infrastructure-starts-with-research/
- Turning hours into minutes on the construction site – https://www.theglobeandmail.com/featured-reports/article-turning-hours-into-minutes-on-the-construction-site/
- Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT – TechCrunch https://techcrunch.com/2020/11/30/infogrid-raises-15-5m-from-northzone-to-retrofit-buildings-with-smart-iot/
RESIDENTIAL PROPERTY NEWS (including PRS)
- Savings made during Covid-19 crisis ‘will help fuel price rises in housing market’ https://amp.independent.ie/irish-news/savings-made-during-covid-19-crisis-will-help-fuel-price-rises-in-housing-market-39820630.html
- Demand outstrips supply of €1m-plus Dublin homes: ‘This has probably been the best year I’ve had since 1975,’ says one Sutton-based agent https://www.irishtimes.com/life-and-style/homes-and-property/demand-outstrips-supply-of-1m-plus-dublin-homes-1.4425498
- What were the top selling houses in Dublin this year? https://www.irishtimes.com/life-and-style/homes-and-property/what-were-the-top-selling-houses-in-dublin-this-year-1.4424751?mode=amp
- Which areas are popular with first-time buyers right now? https://www.thejournal.ie/first-time-buyers-5-5279704-Nov2020/
- What will €850,000 buy in Dublin and west Cork? https://www.irishtimes.com/life-and-style/homes-and-property/what-will-850-000-buy-in-dublin-and-west-cork-1.4423415
- Mortgage surge as record number ready to buy homes https://amp.independent.ie/business/personal-finance/mortgage-surge-as-record-number-ready-to-buy-homes-39811887.html
- Boom In Property Sales Predicted As Loan Approvals Soar https://extra.ie/2020/12/01/news/irish-news/house-buying-boom
- KBC Bank stamps 6-month ‘use-by’ date on extra large mortgages https://www.thetimes.co.uk/edition/ireland/kbc-bank-stamps-6-month-use-by-date-on-extra-large-mortgages-jlq0klqj0
- Independent TD calls on Government to extend incentives for first time buyers to purchase vacant properties https://galwaybayfm.ie/galway-bay-fm-news-desk/independent-td-calls-on-government-to-extend-incentives-for-first-time-buyers-to-purchase-vacant-properties/
- Majority of Dublin’s Airbnb-style lets return to long-term market: Pandemic has triggered return to full-time tenancy as 900 short-term lets investigated https://www.irishtimes.com/news/ireland/irish-news/majority-of-dublin-s-airbnb-style-lets-return-to-long-term-market-1.4422915?mode=amp
- Crowded house: 11 people living in flat during pandemic – RTÉ Investigates went undercover to look at the harsh reality for tenants living in overcrowded conditions during Covid. https://amp.rte.ie/amp/1182221/
- What are the home interiors trend predictions for 2021? https://www.irishexaminer.com/property/homeandoutdoors/arid-40088198.html
- Peculiar pandemic property year ends with €4m+ sale of Gothic Kerry castle https://www.irishexaminer.com/property/residential/arid-40120517.html
COMMERCIAL PROPERTY NEWS
Image by Visual Lab
- Ibec seeks Government-backed arbitrator to resolve rent disputes between shops and landlords during crisis https://www.irishexaminer.com/business/economy/arid-40139690.html
- Darragh O’Brien Hopeful Non-Essential Retail Will Stay Open In January https://extra.ie/2020/11/30/must-see/darragh-obrien-non-essential-retail-january/amp
- ‘No penalty’ for OPW if An Garda Síochána fails to vacate HQ on time https://www.irishexaminer.com/news/arid-40120391.html?type=amp
- Rabobank to pay €57 per sq ft for new Dublin docklands offices https://www.irishtimes.com/business/commercial-property/rabobank-to-pay-57-per-sq-ft-for-new-dublin-docklands-offices-1.4424418?mode=amp Also: Rabobank leases three floors for Dublin office: The Dutch bank has leased the sixth, seventh and eighth floors of 76 Sir John Rogerson’s Quay https://www.businesspost.ie/commercial/rabobank-leases-three-floors-for-dublin-office-73bed7e6
- Blackstone poised to lose €211m on dumping Blanchardstown Centre: Regulator is examining deal passing ownership of mall to Goldman Sachs https://www.thetimes.co.uk/edition/ireland/blackstone-poised-to-lose-211m-on-dumping-blanchardstown-centre-vj5fnjbb7
- Krispy Kreme to open ‘fully glazed’ outlet at old Central Bank HQ https://www.irishtimes.com/business/commercial-property/krispy-kreme-to-open-fully-glazed-outlet-at-old-central-bank-hq-1.4424798?mode=amp
- Clerys Quarter: First look at historic store’s refurbishment – The development of Clerys, one of Dublin’s most iconic buildings, is expected to be finished in early 2022.Once completed, it will include 92,600 sq ft of new grade-A office space across two buildings. https://m.independent.ie/business/commercial-property/i-can-see-clerys-now-first-look-at-historic-stores-refurbishment-39824333.html
- Popping up on Main Street: Empty units may lure European retailers https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/commercial-property/popping-up-on-main-street-empty-units-may-lure-european-retailers-39825787.html
- The owner of Shake Shack, a US fast-food chain worth over $3.41bn, has hinted the company could be looking to open “a few” outlets of the burger and milkshake restaurant in Dublin. https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/irish/shake-shack-chain-could-bite-into-dublin-39825779.html
- Investment to-go: €850k property sale with three tenants, including GoGo’s cafe: Tommy Barker reports on the sale of three income-earning properties in Douglas: the site may also have development scope https://www.irishexaminer.com/property/commercial/arid-40129886.html
- Will the Covid-19 vaccine mean a return to the office and dreaded commuting? Nobody is sure what the new normal for office workers will look like https://www.irishtimes.com/news/health/coronavirus/will-the-covid-19-vaccine-mean-a-return-to-the-office-and-dreaded-commuting-1.4426554
- New TV show seeks DIY house builders and renovators https://www.irishtimes.com/life-and-style/homes-and-property/new-tv-show-seeks-diy-house-builders-and-renovators-1.4424571
INTERNATIONAL PROPERTY NEWS
- Stamp duty holiday ‘stampede’ drives soaring UK mortgage market – Approvals in October reached highest level since 2007 as buyers rush to beat deadline https://www.ft.com/content/2449d81c-4114-4f5e-991a-d4a13f1ef6ee
- Construction buyers see strong surge in new orders https://www.constructionenquirer.com/2020/12/04/construction-buyers-see-strong-surge-in-new-orders/
- Big Office Occupiers Push Back On The New Clichés Of Real Estate https://www.bisnow.com/london/news/office/big-office-occupiers-push-back-on-the-new-clichs-of-real-estate-106940
- COVID Dings the Conventional 10-Year Office Lease in Manhattan https://commercialobserver.com/2020/12/office-lease-lengths-covid/
- Go-ahead for first hydrogen-to-homes network https://www.theconstructionindex.co.uk/news/view/go-ahead-given-for-first-hydrogen-to-homes-network
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/