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:
- ‘People see it as second grade’: Debates continue on laws that could enable citizens to speak more Irish https://www.thejournal.ie/dail-debate-official-languages-amendments-bill-2019-5352668-Feb2021/
- David McWilliams: Ireland builds houses at the wrong time, in the wrong place, at the wrong price – The housing units we plan to build will not be enough, not by half https://www.irishtimes.com/opinion/david-mcwilliams-ireland-builds-houses-at-the-wrong-time-in-the-wrong-place-at-the-wrong-price-1.4482326?mode=amp
- National Asset Management Agency (Nama) chief executive Brendan McDonagh has said the agency’s eventual surplus will be more than €4bn https://amp.independent.ie/business/irish/nama-says-final-tally-will-beat-4bn-40073086.html
- Land Development Agency Bill 2021 – What Do You Need To Know? – Real Estate and Construction – Ireland https://www.mondaq.com/ireland/real-estate/1035158/land-development-agency-bill-2021-what-do-you-need-to-know-
- This decision adheres to current planning policy, yet – without knowing the circumstances – is likely to add to the housing list. Are we winning the housing battle but losing the war? ‘Woman with disability loses court action over ‘one-off’ home in Wicklow’ https://www.breakingnews.ie/amp/ireland/woman-with-disability-loses-court-action-over-one-off-home-in-wicklow-1079602.html
- Does apartment living stack up? Dublin’s planners are approving thousands of new apartments in the capital. But are first time buyers prepared to embrace high-density living, and more importantly, can they afford the prices developers are set to charge? https://www.businesspost.ie/houses/does-apartment-living-stack-up-715f741f
- ‘Willy nilly’ planning objections causing ‘mayhem’: CALL €2K Deposit should apply to objectors based outside county https://www.anglocelt.ie/2021/02/13/willy-nilly-planning-objections-causing-mayhem/
- Private equity groups battle for €1bn AIB problem mortgages https://www.irishtimes.com/business/financial-services/apollo-and-lone-star-in-final-running-for-1bn-aib-problem-mortgages-1.4480500?mode=amp
- Top Anglo Irish banker Tom Browne says he was treated as ‘scapegoat’ https://www.irishtimes.com/business/financial-services/top-anglo-irish-banker-tom-browne-says-he-was-treated-as-scapegoat-1.4480485?mode=amp
- British developers show the way to Irish rivals on addressing defective homes: UK authorities are developing a markedly more effective response to the issue https://www.irishtimes.com/business/construction/british-developers-show-the-way-to-irish-rivals-on-addressing-defective-homes-1.4481393?mode=amp
- Kingspan shares fall as UK launched £3.5bn scheme to remove Grenfell style cladding https://m.independent.ie/business/world/kingspan-shares-fall-as-uk-launched-35bn-scheme-to-remove-grenfell-style-cladding-40077534.html
- Interesting UK ruling: A vacant office building occupied by live-in property guardians remained a single hereditament for rating purposes and the occupation did not mitigate the property owner’s liability to pay non-domestic rates. https://www.thetimes.co.uk/article/effect-of-occupation-by-property-guardians-on-the-rateable-value-n3k73g6s3
- Sustainable architecture: innovative and inspiring building design https://www.wallpaper.com/architecture/sustainable-architecture-innovation
- Almost everything you need to know about SPACs – TechCrunch https://techcrunch.com/2020/08/21/almost-everything-you-need-to-know-about-spacs/amp/
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 #PropertyMatters on iPropertyRadio.com this week, we are joined by Ronan Lyons, author of the latest Daft.ie rental report, and Louisa Dickins, co-founder of global proptech recruiter LMRE
*Watch part 1:
*Watch part 2:
Produced by Katie Tallon of Hear Me Roar Media.
*Listen back to all shows at: https://ipropertyradio.com/property-matters/
Email the Property Matters team at hello@iPropertyRadio.com
PLACEMAKING
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- Iveagh Markets: Guinness family fears Dublin landmark will ‘go beyond repair’ | Newstalk https://www.newstalk.com/news/guinness-family-fears-dublins-iveagh-markets-will-go-beyond-repair-1148345
- Council aims to turn Lucan into ‘destination town’ with €2 million project https://www.irishtimes.com/news/environment/council-aims-to-turn-lucan-into-destination-town-with-2-million-project-1.4480201?mode=amp
- Aidan Gillen hits out at developer over plans to ‘rebrand’ historic Wilton Square https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/commercial-property/aidan-gillen-hits-out-at-developer-over-plans-to-rebrand-historic-wilton-square-40068164.html
- Controversial Dublin road plans start as big changes begin in €48m Strand set-up https://www.dublinlive.ie/news/dublin-news/controversial-dublin-plans-kick-start-19800866
- Also, Sandymount residents call on DCC to suspend launch of Strand Road cycleway trial: Car restrictions will be implemented as part of the measures for the new two-way Strand Road cycle path https://www.dublinlive.ie/news/dublin-news/sandymount-residents-call-dcc-suspend-19831014
- ► VIDEO: Historic 200 year-old graving docks in Dublin may be sold https://www.irishtimes.com/culture/historic-200-year-old-graving-docks-in-dublin-may-be-sold-1.4484307?mode=amp
- Cork city music and arts venue redevelopment given planning permission https://www.echolive.ie/corknews/arid-40225775.html
- Masterplan for Glendalough and Wicklow Mountains National Park https://wicklownews.net/2021/02/masterplan-for-glendalough-and-wicklow-mountains-national-park/
- Construction Industry Federation: ‘Shelving road will put Limerick on wrong track’ https://www.limerickleader.ie/news/home/608412/construction-industry-federation-shelving-road-will-put-limerick-on-wrong-track.html
- Limerick council to remove €78,501 O’Connell Street parklet as part of street refurb https://www.irishexaminer.com/news/munster/arid-40224245.html
- Campaign group established to support greenway option through east and south Galway – Galway Bay FM https://galwaybayfm.ie/galway-bay-fm-news-desk/campaign-group-established-to-support-greenway-option-through-east-and-south-galway/
- More than 2,000 signatures have been secured on a new online petition calling on Mayo County Council not to proceed with the Keem Bay ‘Signature Discovery Point’ https://www.midwestradio.ie/index.php/news/45157-more-than-2-000-signatures-on-new-online-petition-not-in-favour-of-achill-s-keem-bay-signature-discovery-point
- Plans to rejuvenate Cork town progressing https://www.echolive.ie/corknews/arid-40224530.html
- Proposed East Cork cycleway hailed as a ‘game-changer’ for sustainable travel https://www.irishexaminer.com/news/munster/arid-40222043.html
- 2025 the target for opening of West Clare Greenway https://www.clareecho.ie/2025-the-target-for-opening-of-west-clare-greenway/
- Property Focus: The Kingdom comes calling – Sales to locals returning to Killarney from abroad is on the increase https://www.irishexaminer.com/property/residential/arid-40219928.html
- More than 60 people took part in last night’s virtual town hall on County Carlow wind farm proposals https://kclr96fm.com/more-than-60-people-took-part-in-last-nights-virtual-town-hall-on-county-carlow-wind-farm-proposals/
- How Sweden is taking back parking spaces to improve urban livings An experiment with the ‘one-minute city’ gives priority to pedestrians and cyclists https://amp-theguardian-com.cdn.ampproject.org/c/s/amp.theguardian.com/environment/2021/feb/08/how-sweden-is-taking-back-parking-spaces-to-improve-urban-living
*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
- Varadkar backs construction return as firms add pressure: Industry body CIF says massive stalled developments must be prioritised in phased reopening after lockdown https://www.businesspost.ie/ireland/varadkar-backs-construction-return-as-firms-add-pressure-67e281d5
- Construction should reopen fully by 8 March – CIF https://www.rte.ie/news/coronavirus/2021/0210/1196171-cif-construction-return/
- Construction sites ‘safer than the community’ https://www.irishexaminer.com/news/arid-40223750.html
- Construction ‘to stay under pressure’ for near-term, survey warns: Steepest decline in housing but falls in commercial construction and civil engineering activity were the largest seen since April and May of last year, respectively https://www.irishexaminer.com/business/economy/arid-40222148.html
- Children’s hospital behind schedule and may not open until 2024, PAC hears https://www.irishtimes.com/news/politics/children-s-hospital-behind-schedule-and-may-not-open-until-2024-pac-hears-1.4480093?mode=amp
- Children’s hospital contractor seeking extra claims totalling more than €300 million: Six of the claims are more than €40 million, the committee was told. https://www.thejournal.ie/childrens-hospital-pac-5349555-Feb2021/
- Bam Ireland rejects claim it is ‘underperforming’ on children’s hospital: Project mired in controversy over delays and construction costs which are set to top €1.4 billion https://www.irishtimes.com/news/ireland/irish-news/bam-ireland-rejects-claim-it-is-underperforming-on-children-s-hospital-1.4481023?mode=amp
- AWS invests billions in Ireland over a decade of rapid growth https://www.irishexaminer.com/business/companies/arid-40225871.html?type=amp
- Stephen’s Green offices for 3,000 workers planned by Kennedy Wilson https://www.irishtimes.com/business/commercial-property/stephen-s-green-offices-for-3-000-workers-planned-by-kennedy-wilson-1.4480382?mode=amp
- US embassy submits rezoning plan for Jurys Hotel https://www.irishtimes.com/news/ireland/irish-news/us-embassy-submits-rezoning-plan-for-jurys-hotel-1.4479421?mode=amp
- Two new hotels for Dublin as council approves north inner city plans https://www.irishtimes.com/business/commercial-property/two-new-hotels-for-dublin-as-council-approves-north-inner-city-plans-1.4480052?mode=amp
- Housing schemes in Goatstown and Swords approved despite objections https://www.irishtimes.com/business/commercial-property/housing-schemes-in-goatstown-and-swords-approved-despite-objections-1.4479524?mode=amp
- Developer Gerry Gannon has completed the sale of the Paper Mill site in Clonskeagh, Dublin 6 to Bain Capital, an American-owned private investment firm https://m.independent.ie/business/commercial-property/gannon-sells-his-clonskeagh-paper-mill-site-for-over-18m-40077653.html
- Dublin property firm bought Stardust site on behalf of foreign investors group https://www.irishtimes.com/news/ireland/irish-news/dublin-property-firm-bought-stardust-site-on-behalf-of-foreign-investors-group-1.4483022?mode=amp
- Red Rock Developments, a property business founded by developer Keith Craddock, is planning a 12-storey build-to-rent apartment block next to Energia Park rugby stadium in Donnybrook https://www.thetimes.co.uk/article/red-rock-enters-scrum-for-build-to-rent-developments-2lg7msntf
- Councillors voice anger at Bord Pleanála as apartment plan gets green light – Independent.ie https://m.independent.ie/regionals/fingalindependent/news/councillors-voice-anger-at-bord-pleanala-as-apartment-plan-gets-green-light-40065582.html
- Go-ahead given for Ireland’s first cost rental housing projects https://amp.independent.ie/news/go-ahead-given-for-irelands-first-cost-rental-housing-projects-40064383.html
- Ó Cualann Cohousing Alliance appointed to Fingal Affordable Housing Scheme https://www.irishbuildingmagazine.ie/2021/02/09/o-cualann-cohousing-alliance-appointed-to-fingal-affordable-housing-scheme/
- Affordable housing: One of State’s first schemes to be built in Lusk https://www.irishtimes.com/news/social-affairs/affordable-housing-one-of-state-s-first-schemes-to-be-built-in-lusk-1.4480279?mode=amp
- Also, 390 Cost Rental Homes to be provided in Dublin and Cork https://amp.rte.ie/amp/1195660/
- Cork City Council to fast-track affordable homes at €80K below market value https://www.irishexaminer.com/news/munster/arid-40222877.html
- Board approves demolition of Cork’s Kino cinema for student accommodation facility https://www.irishexaminer.com/news/munster/arid-40225475.html
- Plans to build apartments, homes, and townhouses on field on city’s outskirts https://www.corkbeo.ie/news/local-news/plans-build-apartments-homes-townhouses-19811537
- Watchdog quizzes council’s plans to rezone lands outside Douglas for housing https://www.irishexaminer.com/news/munster/arid-40223156.html
- ‘Considerable notoriety’: City pub targeted by criminals set for demolition https://www.irishtimes.com/news/ireland/irish-news/considerable-notoriety-city-pub-targeted-by-criminals-set-for-demolition-1.4478341?mode=amp
- Cork primary school to proceed to tender for new building https://www.echolive.ie/corknews/arid-40222133.html
- Cork City Council to move forward on 600-home plan on Old Whitechurch Rd https://www.irishexaminer.com/news/munster/arid-40222919.html
- Ballincollig housing development given the go-ahead despite local concerns https://www.echolive.ie/corknews/arid-40225712.html
- Planning sought for 698-bed UCD student facility | Business Post https://www.businesspost.ie/commercial/planning-sought-for-698-bed-ucd-student-facility-b6864d54
- To be or not to be? Five years on from the sod turning of the Cork events centre https://www.echolive.ie/corknews/arid-40225424.html
- Plan approved for expansion of Galmont Hotel – Galway Bay FM https://galwaybayfm.ie/galway-bay-fm-news-desk/plan-approved-for-expansion-of-galmont-hotel/
- Tender issued for construction of new 50 bed ward at Portiuncula Hospital https://connachttribune.ie/tender-issued-for-construction-of-new-50-bed-ward-at-portiuncula-hospital/amp/
- €400m regeneration project announced for Limerick City https://www.irishexaminer.com/news/munster/arid-40224695.html
- DB Schenker commence work on €10m development in Shannon Free Zone https://www.clareecho.ie/db-schenker-commence-work-on-e10m-development-in-shannon-free-zone/
- Kilkenny supermarket development to create 125 new jobs and a further 100 #construction jobs https://kilkennynow.ie/kilkenny-supermarket-development-to-create-125-new-jobs/
- Bog concerns for large Prosperous housing development proposal https://www.leinsterleader.ie/news/clane-prosperous/609146/bog-concerns-for-large-prosperous-housing-development-proposal.html
- Opening date of Naas school may be delayed due to issues such as shortage of steel https://www.kildarenow.com/news/home/608748/opening-date-of-naas-school-may-be-delayed-due-to-issues-such-as-shortage-of-steel.html
- Landmark Portlaoise Celtic Tiger pub set for conversion after the green light from Laois council https://www.leinsterexpress.ie/news/news/608654/landmark-portlaoise-celtic-tiger-pub-set-for-conversion-after-the-green-light-from-laois-council.html
- The two men behind Tara Studios are keen to get started on the project of constructing film studios at Borleagh Manor in Inch as soon as they can: https://amp.independent.ie/regionals/wexfordpeople/news/duo-set-to-get-started-on-tara-studios-as-soon-as-possible-40067679.html
- Energia plots Dublin data centre as it weighs future for power plants: Company would use generating stations to help power a new 180MW data centre campus in the city https://m.independent.ie/business/irish/energia-plots-dublin-data-centre-as-it-weighs-future-for-power-plants-40085910.html
- Sean Mulryan’s Ballymore pays €17m dividend in UK business https://www.irishtimes.com/business/construction/sean-mulryan-s-ballymore-pays-17m-dividend-in-uk-business-1.4482585?mode=amp
- JJ Rhatigan strikes deal to build 2,000 homes: Property developer Strawberry Star Group is extending its strategic partnership with Irish building contractor JJ Rhatigan & Company https://www.constructionenquirer.com/2021/02/10/jj-rhatigan-strikes-deal-to-build-2000-homes/
- John Paul Construction’s success on US client projects: Liam Kenny, Managing Director of John Paul Construction, outlines a selection of high profile projects delivered by JPC https://www.irishexaminer.com/sponsored/arid-40224248.html
- The search is on for Ireland’s top apprentice: LEADING retailer Screwfix is searching for the best apprentice in Ireland and the UK in its annual competition. https://carlow-nationalist.ie/2021/02/11/the-search-is-on-for-irelands-top-apprentice/
PROPTECH, MMC & CONSTRUCTION INNOVATION
Proptech Ireland is updating the database of 2021 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 *
- Online house selling: How to flog your home fast to a virtual buyer https://www.irishtimes.com/life-and-style/homes-and-property/interiors/online-house-selling-how-to-flog-your-home-fast-to-a-virtual-buyer-1.4480322?mode=amp
- PM Group is deploying the latest Augmented Reality (AR) technology on the design and construction of one of Europe’s largest, hyperscale data centres in Denmark https://www.irishbuildingmagazine.ie/2021/02/08/pm-group-utilise-ground-breaking-ar-technology/
- Also, AR innovation HoloSite™ helps construction teams to build it right: Workers are able to proactively prevent and identify early-stage construction inaccuracies for the first time https://www.businesspost.ie/commercial-reports/ar-innovation-holosite-helps-construction-teams-to-build-it-right-b9c5fb81
- Engineers ready to do their bit: Linda Daly talks to the people striving to build a more sustainable future in the face of a growing climate emergency https://www.thetimes.co.uk/article/engineers-ready-to-do-their-bit-x0f89cncc
- Workforce tech firm GeoPal bought by Belfast rival Totalmobile https://www.thetimes.co.uk/article/workforce-tech-firm-geopal-bought-by-belfast-rival-totalmobile-jsvjltf6l
- TES Group powers innovation and business growth http://www.bimireland.ie/2021/02/09/tes-group-powers-innovation-and-business-growth/
- Why the Safe-Air Code must be part of our new normal https://www.irishtimes.com/advertising-feature/why-the-safe-air-code-must-be-part-of-our-new-normal-1.4477302?mode=amp
- Matterport, the Spatial Data Company Leading the Digital Transformation of the Built World, Announces Proposed Business Combination with Gores Holdings VI:[ *We will feature an interview with Matterport this week on www.IPropertyRadio.com] https://matterport.com/news/matterport-spatial-data-company-leading-digital-transformation-built-world-announces-proposed
- Property valuation and the price of accuracy | https://www.businesspost.ie/commercial/property-valuation-and-the-price-of-accuracy-4480c187
- Real estate industry SPAC includes Martin Luther King III as director – Atlanta Business Chronicle https://www.bizjournals.com/atlanta/news/2021/02/12/spac-real-estate-martin-luther-king-iii.html
- Proptech Collective has just released a report that offers insights into key trends, startups, investors and accelerators within the space. https://renx.ca/proptech-canada-report-first-comprehansive-sector-study/
- Rising importance of proptech in a new world https://m.bizcommunity.com/Article/196/800/212902.html
- Crown PropTech Acquisitions Announces Pricing of Upsized $240 Million Initial Public Offering | Financial Buzz https://www.financialbuzz.com/crown-proptech-acquisitions-announces-pricing-of-upsized-240-million-initial-public-offering/
- Connect Media: CRE – New York Commercial Real Estate News https://www.connect.media/second-tishman-speyer-spac-prices-ipo-at-300m/
- DroneDeploy Raises $50 Million, Expands Into Europe, Updates Tech: California-based DroneDeploy gets a cash infusion to expand its business. https://www.forconstructionpros.com/construction-technology/news/21271136/dronedeploy-dronedeploy-raises-50-million-expands-into-europe-updates-tech
- Fifth Wall Aims To Cut Real Estate’s Carbon Output By Backing The Boring Stuff That Makes Landlords Money https://www.bisnow.com/london/news/sustainability/fifth-wall-aims-to-cut-real-estates-carbon-output-by-backing-the-boring-stuff-that-makes-landlords-money-107657
- Mighty Buildings nabs $40M Series B to 3D print your next house – TechCrunch https://techcrunch.com/2021/02/09/khosla-backs-construction-tech-startup-mighty-buildings-plans-to-create-3d-printed-homes/
- In Which Countries Is BIM Mandatory for Public Projects? https://www.archdaily.com/956398/in-which-countries-is-bim-mandatory-for-public-projects
- If Recycling Building Materials Is a Construction Priority, Leave It to BIM https://redshift.autodesk.com/recycling-building-materials/
- Getaway, a startup building tiny cabins, raises $41.7M – TechCrunch https://techcrunch.com/2021/02/08/getaway-series-c/
- The Secret, Essential Geography of the Office https://www.wired.com/story/the-secret-essential-geography-of-the-office/
- Matterport Is Next Proptech Company to Go Public Through a SPAC https://www.fool.com/millionacres/real-estate-investing/articles/matterport-is-next-proptech-company-to-go-public-through-a-spac/#
- Emerging robotics technology may soon help construction companies and contractors create buildings in less time at higher quality and at lower costs. https://www.miragenews.com/emerging-robotics-technology-may-lead-to-better-511847/
- Has the construction industry gone beyond these buzzwords? Each year, we come across several buzzwords or phrases pertaining sustainability, diversity, technology, and more https://www.constructionweekonline.com/business/270565-has-the-construction-industry-gone-beyond-these-buzzwords?amp
- Origin Stories: Reonomy Co-Founder Rich Sarkis On Being The Cockroach Of Proptech https://www.bisnow.com/national/news/technology/origin-stories-reonomy-co-founder-rich-sarkis-on-being-the-cockroach-of-cre-107686
- Eurazeo launches Smart City II venture fund https://www.privateequitywire.co.uk/2021/02/11/295783/eurazeo-launches-smart-city-ii-venture-fund
RESIDENTIAL PROPERTY NEWS (including PRS)
- House and apartment prices increased by 2.2% nationally over course of 2020 https://www.thejournal.ie/property-prices-ireland-2020-5352938-Feb2021/?amp=1
- KBC Ireland sees no new spike in distressed loans in longer lockdown https://www.irishtimes.com/business/financial-services/kbc-ireland-sees-no-new-spike-in-distressed-loans-in-longer-lockdown-1.4481993?mode=amp
- Sale agreed: virtual house viewings seal deal for Irish homebuyers https://www.thetimes.co.uk/article/sale-agreed-virtual-house-viewings-seal-deal-for-irish-homebuyers-s0vdc3ktv
- Do not listen to estate agents – house prices will go down, not up: The inflationary trend of a few years ago has gone and Covid is not going to bring it back https://www.irishtimes.com/business/construction/do-not-listen-to-estate-agents-house-prices-will-go-down-not-up-1.4480537?mode=amp
- Collar your dream home with some super-sleuthing: Understanding house prices is elementary — the clues are everywhere for any property detectives who know where to look https://www.thetimes.co.uk/article/collar-your-dream-home-with-some-super-sleuthing-fmbv6927p
- First-time buyers: Surge in demand may not be all that it seems – ‘We’re seeing a huge increase in mortgage applications, but it might just be testing the water’ https://www.irishtimes.com/life-and-style/homes-and-property/first-time-buyers-surge-in-demand-may-not-be-all-that-it-seems-1.4481057?mode=amp
- Rents down 3% in Dublin but up elsewhere https://www.thetimes.co.uk/article/rents-down-3-in-dublin-but-up-elsewhere-bz6f3mf3v
- Renters leaving Dublin face rising rents and supply issues in Cork and other cities, says Threshold https://www.irishexaminer.com/news/arid-40223447.html
- Property crisis: Kilkenny rental prices surge as properties to let close to zero https://kilkennynow.ie/property-crisis-county-kilkenny-rental-prices-surge-as-properties-to-let-close-to-zero/
- On the Market: Your guide to the best homes on sale around the country – A Georgian country pile in West Cork, a detached four-bed home in Co Laois and a semi-d in Foxrock are amongst the highlights this week https://www.businesspost.ie/residential/on-the-market-your-guide-to-the-best-homes-on-sale-around-the-country-303f66c4
- How do I cash in my share of an inherited holiday home? https://www.irishtimes.com/life-and-style/homes-and-property/how-do-i-cash-in-my-share-of-an-inherited-holiday-home-1.4477125?mode=amp
- Longford portfolio of semi-Ds is star turn in online auction on March 19, which also includes a house in Goatstown, a restaurant in Clonmel and a mixed-use property in Leixlip
https://www.businesspost.ie/commercial/longford-portfolio-of-semi-ds-is-star-turn-in-bidx1-sale-3ac130a7
- Number on social housing waiting lists in North rises by 10%: Figure increased three times more quickly than in preceding year, data shows https://www.irishtimes.com/news/ireland/irish-news/number-on-social-housing-waiting-lists-in-north-rises-by-10-1.4482407?mode=amp
- Dermot Desmond’s works at Walford go on despite Covid shutdown: Two dozen construction workers seen accessing Dublin site https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/irish-news/dermot-desmonds-works-at-walford-go-on-despite-covid-shutdown-40088946.html
COMMERCIAL PROPERTY NEWS
- Retail fashion falls into a sinkhole on the Irish high street: Shopping centres and high streets will have to cope with a scary new landscape even after the public are finally allowed to return https://www.thetimes.co.uk/article/retail-fashion-falls-into-a-sinkhole-on-the-irish-high-street-vtst8f3ww
- Dublin office rents and lettings hit hard by Covid-19 https://www.irishtimes.com/business/commercial-property/dublin-office-rents-and-lettings-hit-hard-by-covid-19-1.4482542?mode=amp
- IPUT Announces 2020 Full Year Results: Commitment to net zero carbon by 2030 – Future of offices and re-invigorating cities will be centred around placemaking and sustainability https://www.businesswire.com/news/home/20210209005962/en/IPUT-Announces-2020-Full-Year-Results Also: Property investor IPUT pays out €102.5m dividend to shareholders https://amp.independent.ie/business/commercial-property/property-investor-iput-pays-out-1025m-dividend-to-shareholders-40073870.html
- Blackstone gets green light for prime Dublin office purchase https://www.irishtimes.com/business/commercial-property/blackstone-gets-green-light-for-prime-dublin-office-purchase-1.4480151?mode=amp
- Standard Life in talks to put move from St Stephen’s Green on hold https://www.irishtimes.com/business/commercial-property/standard-life-in-talks-to-put-move-from-st-stephen-s-green-on-hold-1.4480037?mode=amp
- Eurospar and Safari Childcare agree 20-year leases at Clancy Quay https://www.irishtimes.com/business/commercial-property/eurospar-and-safari-childcare-agree-20-year-leases-at-clancy-quay-1.4479037?mode=amp
- Rohan secures Thermo Fisher Scientific for Dublin Airport Logistics Park: US life sciences giant signs up for 51,288sq ft Crane House in advance of Q4 completion https://www.irishtimes.com/business/commercial-property/rohan-secures-thermo-fisher-scientific-for-dublin-airport-logistics-park-1.4479279?mode=amp
- Supermac’s boss takes property fund to court over ‘Monster House’: Pat McDonagh has moved to block the sale of a building in Kilkenny tenanted by his fast food after its owner was placed into receivership https://www.businesspost.ie/legal/supermacs-boss-takes-property-fund-to-court-over-monster-house-30832c01
- Choice to open new premises in Clane https://www.leinsterleader.ie/news/home/609137/choice-to-open-new-premises-in-clane.html
- Global German retail group set to open a new outlet in Laois https://www.leinsterexpress.ie/news/news/608076/global-german-retail-group-set-to-open-a-new-outlet-in-laois.html
- Colliers announces key appointments to valuation and advisory department https://www.irishtimes.com/business/commercial-property/colliers-announces-key-appointments-to-valuation-and-advisory-department-1.4479283?mode=amp
INTERNATIONAL PROPERTY NEWS
- Buy a property abroad — without leaving the sofa https://www.thetimes.co.uk/article/buy-a-property-abroad-without-leaving-the-sofa-lbzn9wdnb
- UK Cabinet Office commissions review of construction frameworks https://www.theconstructionindex.co.uk/news/view/cabinet-office-commissions-review-of-construction-frameworks?amp=1
- Manhattan landlords offer concessions to lure tenants https://www.irishtimes.com/business/commercial-property/manhattan-landlords-offer-concessions-to-lure-tenants-1.4481988?mode=amp
- Proposed sale of American Irish landmark in Manhattan ‘deeply disappointing’ https://www.irishtimes.com/news/world/us/proposed-sale-of-american-irish-landmark-in-manhattan-deeply-disappointing-1.4478549?mode=amp
- Executive who sold cladding for Grenfell to appear before inquiry https://www.theguardian.com/uk-news/2021/feb/07/executive-who-sold-cladding-for-grenfell-to-appear-before-inquiry
- UK Small builders getting squeezed out by pandemic shortages https://www.theconstructionindex.co.uk/news/view/small-builders-getting-squeezed-out-by-pandemic-shortages
- London’s ‘thinnest’ house, measuring only 5 feet 6 inches at its narrowest point, up for sale at $1.3 million – World News , Firstpost https://www.firstpost.com/world/londons-thinnest-house-measuring-only-5-feet-6-inches-at-its-narrowest-point-up-for-sale-at-1-3-million-9278631.html
- WeWork is apparently doing better, not that SoftBank wants you to talk about that – TechCrunch https://techcrunch.com/2021/02/08/wework-is-apparently-doing-better-not-that-softbank-wants-you-to-talk-about-that/
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 wanted to ensure the content remains topical and we are now 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/