Sunday Property Round-Up, February 16th 2020

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

 

 

 

  • The following was the highlight for me reading this morning’s broadsheets: Honest and open article by the fantastic Liz O’Kane in the Business Post today on starting over while staying true to your passions and skills. ‘So what exactly is a buyer’s agent?’
    Liz O’Kane was the first in Ireland to tap into this idea for the property market – and she has built quite a reputation in the nearly two decades since … https://www.businesspost.ie/property-insight/so-what-exactly-is-a-buyers-agent-0b45d8d0

 

 

 

 

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: 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • In The Sunday Times today: ‘Welcome to Dublin-under-Sea, as climate experts forecast floods’:  Dublin’s average temperature is predicted to increase by 1.33C by 2050, and there will be widespread flooding in the capital unless remedial action is taken, according to the latest projections. This represents a more dramatic shift in climate than will be experienced by many other coastal European cities, including Edinburgh.

    Dublin’s water demand-supply ratio is not predicted to undergo a significant change by 2040, however, according to the research.

    The predicted average temperature increase of 1.33C placed Dublin 73rd in a league of 85 cities that were studied. The highest predicted increase was in Ljubljana in Slovenia, with a rise in average temperatures of 3.5C by 2050.
    https://www.thetimes.co.uk/edition/ireland/welcome-to-dublin-under-sea-as-climate-experts-forecast-floods-l3lcbn88p

 

 

 

 

 

 

 

  • Aidan Regan in the Business Post yesterday: The under 35’s in Ireland own 4.2% of household wealth. The over 50’s own almost 80% – “Capitalist democracy is premised on the support of a property-owning middle class.” (Graphic below)

 

 

 

 

 

 

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. 

 

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

 

 

 

This week on ‘Property Matters’ we were  joined in studio by Director of New Homes at Knight Frank Ireland, Ray Palmer Smith, Business Owner of Robert Colleran Property Consultants Ltd, Robert Colleran and Director of Proptech TV, Gavin Gallagher.

 

Listen back here: https://anchor.fm/ipropertyradio/episodes/Property-Matters-Knight-Frank–Robert-Colleran-Property-Consultants–Proptech-TV–February-11th-2020-eaq5rs

 

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

 

 

 

 

 

 

 

 

 

 

  • In the Business Post today – Three-bed semis are not answer for future market:  Cullaun boss ‘Co-living schemes have a place’, according to the former banking executive whose firm lends to developers around the country
     https://www.businesspost.ie/companies/three-bed-semis-are-not-answer-for-future-market-cullaun-boss-4d85296a

 

 

 

 

 

 

  • 29-storey skyscraper at heart of plan for 500 apartments by Liffey:

    Ruirside Developments, which is operated by Joe O’Reilly, has lodged an application with An Bord Pleanala to build a high-rise development comprising 481 apartments, communal facilities, office space and a cafe/restaurant on the former Hickey’s Fabrics site on Parkgate Street.

    The proposed complex, which would be made up of six blocks including a 29-storey tower, would be built beside Sean Heuston Bridge.

    The other blocks range in height from eight to 13 storeys.
     https://m.herald.ie/news/29-storey-skyscraper-at-heart-of-plan-for-500-apartments-by-liffey-38955444.html

 

 

 

  • The lead business story in the Sunday Independent today reads ‘Microsoft plans for new data centre  at 20-acre Dublin site’ – Microsoft, the US technology company, is in talks to acquire a further 20 acres of land in order to construct a data centre and 120-person office development in Dublin.

    The land is within Grange Castle Business Park, next to its existing data centre campus, as the US giant looks to meet ongoing demands in the data centre and cloud computing sector.
    https://amp.independent.ie/business/technology/microsoft-plans-for-new-data-centre-at-20-acre-dublin-site-38957800.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Tenants accused of holding developers to ransom over Stillorgan site:  Property firm Kennedy Wilson seeks injunction to force Butler brothers to vacate Leisureplex premises https://www.businesspost.ie/legal/tenants-accused-of-holding-developers-to-ransom-over-stillorgan-site-334af5b0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 * 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OTHER PROPERTY NEWS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Also in The Sunday Times today – Property funds face Central Bank of Ireland scrutiny:  Investors in property funds may be denied instant access to their money or forced to take a hit if they insist on withdrawing their cash right away under plans being considered by financial watchdogs.

    A “deep dive” investigation of property funds was ordered by Gabriel Makhlouf within weeks of him becoming governor of the Central Bank of Ireland.

    It is drawing on international research into the problems posed by funds that allow investors to take out their money whenever they want it, despite
    investing it in so-called illiquid assets such as property, which may be difficult to sell in a hurry: https://www.thetimes.co.uk/article/property-funds-face-central-bank-of-ireland-scrutiny-kmhqwwkhf

 

 

 

 

 

 

 

  • In the Business Post today – Hundreds of social homes could lapse back into private ownership: Local authorities are entering leasing rather than purchase deals with developers in fast-track schemes and after lease periods, properties could return to private market
     https://www.businesspost.ie/residential/hundreds-of-social-homes-could-lapse-back-into-private-ownership-6b988074

 

 

 

 

 

 

 

 

  • Designers of Dublin library win UK’s top architecture prize https://www.breakingnews.ie/ireland/designers-of-dublin-library-win-uks-top-architecture-prize-981691.html

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Focus on retail parks drives Sigma’s success: Leasing vacant units, adding space and attracting the right tenants has led to a significant uplift for the retail asset manager
     https://www.businesspost.ie/commercial/focus-on-retail-parks-drives-sigmas-success-86d84c3f

 

 

 

 

 

 

 

 

  • Interesting opinion piece by Derek Mulligan of OMD Estate Agents in the Business Post today – Post-election housing plans may be more political than practical:  Incentivising builders and landlords should be an important part of solving the housing crisis but is unlikely to be play well with voters https://www.businesspost.ie/property-insight/post-election-housing-plans-may-be-more-political-than-practical-9b69a419

 

 

 

 

 

 

 

 

 

 

 

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