Irish property market news and insights – for the industry, by the industry
- Virtual realty: Can property technology provide fixes for Ireland’s broken housing market? | The Currency
“Proptech thrives when the property industry fails … smart planning, smart asset management, smart transaction, smart design, smart build, and smart city….”
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:
- The High Court has quashed An Bord Pleanála’s decision to approve developer Johnny Ronan’s 13-storey tower beside Salesforce’s Dublin docklands headquarters, in a landmark decision for the planning system
- Response: ‘This is a scandal’ – Property developer Johnny Ronan slams decision to overturn planning for apartment blocks during housing crisis https://m.independent.ie/breaking-news/irish-news/this-is-a-scandal-ronan-slams-decision-to-overturn-planning-for-apartment-blocks-during-housing-crisis-38975350.html
- Why words matter when it comes to human rights and housing https://www.rte.ie/brainstorm/2020/0217/1115783-why-words-matter-when-it-comes-to-human-rights-and-housing/
- Irish economy set to grow by 3.4% in 2020 https://www.rte.ie/news/business/2020/0217/1115771-irish-economy-set-to-grow-by-3-4-in-2020/
- Victims of NIMBYism, Unite https://www.theatlantic.com/ideas/archive/2020/02/building-enough-housing-requires-unlikely-coalition/606739/
- €1.3bn in energy efficiencies made by public sector https://www.rte.ie/news/environment/2020/0219/1116378-energy-efficiency-saei/
- Nineteen staff made redundant by Nama share €1m https://www.irishtimes.com/business/economy/nineteen-staff-made-redundant-by-nama-share-1m-1.4181102?mode=amp
- The hotel receiving up to €5m in a year to provide homeless accommodation https://m.independent.ie/irish-news/the-hotel-receiving-up-to-5m-in-a-year-to-provide-homeless-accommodation-38980308.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 email@example.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!)
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
On Property Matters this week, hosts Carol Tallon and Bryan Fox are joined in studio by Houssem Jerbi, CEO of Smart PMO, and Padraig Neylon, CEO of +AddJust to talk about how Artificial Intelligence (AI) can de-risk/improve performances across the construction industry and the importance of smart contracts to digitise workflows within construction projects.
Listen back here: https://ipropertyradio.com/property-matters-february-18th-2020-smartpmo-and-addjust/
Email the Property Matters team at hello@iPropertyRadio.com
PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT
- Record number of Limerick commuters using train to Dublin https://www.limerickleader.ie/news/home/517640/record-number-of-limerick-commuters-using-train-to-dublin.html
- Court asked to deem Cork event centre contract award ‘unlawful’; City Council rejects allegations https://www.echolive.ie/corknews/Court-asked-to-deem-Cork-event-centre-contract-award-unlawful-City-Council-rejects-allegations-804955f1-7773-4372-b852-ee581065d4f0-ds
- Dublin primary school challenges permission for heroin-injecting facility https://www.irishtimes.com/news/crime-and-law/courts/high-court/dublin-primary-school-challenges-permission-for-heroin-injecting-facility-1.4176487?mode=amp
- Public funds of €25m sought for Dublin library https://www.irishtimes.com/news/social-affairs/public-funds-of-25m-sought-for-dublin-library-1.4175641?mode=amp
- Mass housing developments should have a conscience https://www.irishtimes.com/life-and-style/homes-and-property/new-to-market/mass-housing-developments-should-have-a-conscience-1.4176311?mode=amp
- Over €8 million in funding announced for trails, walkways, cycleways and blueways https://www.thejournal.ie/e8-million-funding-outdoor-amenities-5016434-Feb2020/
- Galway’s traffic is ‘crippling and stifling city living’ https://www.irishtimes.com/news/environment/galway-s-traffic-is-crippling-and-stifling-city-living-1.4177394?mode=amp
- ‘People thought we were crazy’ – meet the families who ditched city life for island living https://m.independent.ie/life/people-thought-we-were-crazy-meet-the-families-who-ditched-city-life-for-island-living-38966372.html
- Hearing into proposed Galway ring road project opens https://www.rte.ie/news/connacht/2020/0218/1115994-galway-bypass/
- Westmeath Independent – Sheltered housing scheme for elderly planned for Marist building https://www.westmeathindependent.ie/news/roundup/articles/2020/02/18/4185856-sheltered-housing-scheme-for-elderly-planned-for-marist-building/
- Mystery objector successfully stalling Dublin city centre getting its first new cinema in years https://www.thejournal.ie/dawson-street-cinema-new-green-reit-5015622-Feb2020/
- Delighted to see augmented reality being used for placemaking – it really is the best way to bring proposed developments to life for all stakeholders!
Well done IPUT Real Estate Dublin and everyone involved in this innovative public consultation and community engagement project.
*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
- One of the lead industry stories in the Suday Independent today reads ‘Housebuilders fear damage of ongoing political vacuum’: Concern is growing in the housebuilding sector that a long delay in forming a government will have a serious impact on housing supply, according to key industry figures….
“I am selling a development of three-bed homes in Enniscorthy for €210,000 each and purchasers are not showing up,” he said. “That is because my potential customers are on the Wexford housing list and cannot get mortgage approval.” Neville, a former chairman of the Irish Housebuilders Association (IHBA)
Also Construction Industry Federation (CIF) director general Tom Parlon expressed similar concerns when contacted by this newspaper: “There’s a lot of concern around uncertainty across the construction and property industries,” he said. “You can measure risk, but you can’t measure uncertainty, particularly the sort of political uncertainty we’re going to face over the coming month.” Parlon continued: “I’m afraid that housing will probably be the rock that the next Government crashes on also. I do not see enough coordination and collaboration between the industry and the myriad bodies of the state and local government that’s required to deliver a quantum shift in housing output”.
- An Bord Pleanála deals blow in ‘fast track’ planning cases | IrishExaminer.com https://amp-irishexaminer-com.cdn.ampproject.org/c/s/amp.irishexaminer.com/breakingnews/business/an-bord-pleanala-deals-blow-in-fast-track-planning-cases-982563.html
- Pulling up of UK’s drawbridge to low-skilled workers may aid Irish construction https://www.irishtimes.com/business/economy/pulling-up-of-uk-s-drawbridge-to-low-skilled-workers-may-aid-irish-construction-1.4178840?mode=amp
- High Court overturns permission for height increase in Dublin apartments: The High Court has overturned, on consent, An Bord Pleanála’s permission for increased height of two blocks of apartments in a development of 500 apartments/co-living spaces in the north Dublin docklands.
Dublin City Council had opposed the height increases from seven to 13 storeys in relation to one block and from seven to 11 for the second.
The matter will now go back to the Board for reconsideration, Mr Justice Denis McDonald directed on Thursday.
That reconsideration has to be completed within six weeks of the date of perfection of the High Court orders.
Dublin City Council had taken proceedings against An Bord Pleanála over the board’s December 2019 decision to permit height increase in the development, being carried out by a company of developer Johnny Ronan.
The case concerned Spencer Place Development Company’s plan for more than 500 apartments/co-living spaces and commercial units in the North Lotts/Grand Canal strategic development zone (SDZ) of the north Dublin docklands.
- Planning permission REFUSED for three-storey student accommodation unit in Carlow https://www.carlowlive.ie/news/home/519309/planning-permission-refused-for-three-storey-student-accommodation-unit-in-carlow.html
- New State body lent €114m to build 600 homes in first full year https://www.irishtimes.com/business/construction/new-state-body-lent-114m-to-build-600-homes-in-first-full-year-1.4178872?mode=amp
- Permission granted for 657 new homes beside Dublin park despite strong local opposition https://www.thejournal.ie/st-pauls-raheny-planning-permission-5011554-Feb2020/
- Permission granted for new co-living development just 1km from Dublin city https://www.thejournal.ie/co-living-rathmines-dublin-planning-permission-5013833-Feb2020/
- Vision of Cork city’s docklands future seen coming to life at Horgan’s Quay/HQ development | IrishExaminer.com https://amp.irishexaminer.com/breakingnews/property/vision-of-cork-citys-docklands-future-seen-coming-to-life-at-horgans-quayhq-development-982755.html?__twitter_impression=true
- South Dublin site with full planning for 34 homes seeks €4m https://www.irishtimes.com/business/commercial-property/south-dublin-site-with-full-planning-for-34-homes-seeks-4m-1.4172530?mode=amp
- Ires Reit to build 600 apartments despite political uncertainty https://www.irishtimes.com/business/commercial-property/ires-reit-to-build-600-apartments-despite-political-uncertainty-1.4179448?mode=amp
- Planning permission refused for major new office block in Galway city centre https://www.irishtimes.com/business/commercial-property/planning-permission-refused-for-major-new-office-block-in-galway-city-centre-1.4179594?mode=amp
- Kildare builders involved in high-rise €10m hotel in Dublin https://www.kildarenow.com/news/home/518729/kildare-builders-involved-in-high-rise-10m-hotel-in-dublin.html
- Council’s planning decision on new Lidl in Bagenalstown APPEALED to An Bord Pleanála https://www.carlowlive.ie/news/home/517982/council-s-planning-decision-for-new-lidl-in-bagenalstown-appealed-to-an-bord-pleanala.html
- Provisional liquidator appointed to Dublin engineering firm https://www.irishtimes.com/business/retail-and-services/provisional-liquidator-appointed-to-dublin-engineering-firm-1.4176385?mode=amp
- Cork city’s biggest student accommodation complex may open in summer 2021 https://www.irishexaminer.com/breakingnews/ireland/cork-citys-biggest-student-accommodation-complex-may-open-in-summer-2021-983212.html
- Bord Pleanala permission for 314 residences in Kildare town of Naas https://www.kildarenow.com/news/home/519494/bord-pleanala-permission-for-314-residences-in-kildare-town-of-naas.html
- Main contractor feels the pain from subbie’s hacked email: When a subcontractor’s email systems were hacked, it was a main contractor client that bore the brunt of the resulting fraud
- Greencoat Renewables adds Clare wind farm to portfolio https://www.rte.ie/news/business/2020/0217/1115762-greencoat-renewables-purchase/
- Waterford residents ‘shocked’ after ‘massive’ apartment block granted planning permission https://www.waterfordlive.ie/news/property/518338/waterford-estate-shocked-after-massive-apartment-block-granted-planning-permission.html
- €15 million funding to transform Waterford city into ‘major urban centre’ https://www.waterfordlive.ie/news/news/518786/15-million-funding-to-transform-waterford-city-into-major-urban-centre.html
- Cement company loses most of appeal for documents in alleged market abuse case https://www.irishtimes.com/business/construction/cement-company-loses-most-of-appeal-for-documents-in-alleged-market-abuse-case-1.4178652?mode=amp
- Kingspan amasses €750m war chest to fund acquisitions https://www.irishtimes.com/business/manufacturing/kingspan-amasses-750m-war-chest-to-fund-acquisitions-1.4180596?mode=amp
- BAM starts hunt for new CEO https://www.theconstructionindex.co.uk/news/view/bam-starts-hunt-for-new-ceo
PROPTECH, MMC & CONSTRUCTION INNOVATION
Horizon Offsite – LGS Framing System
- 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 *
- By Damien Browne www.StandardAccess.co
“The challenge for organisations today is how to manage the granting of access to locations in a manner that doesn’t compromise an individual’s rights”
- Offsite Construction: Structural Benefits of Light Gauge Steel (LGS – image above) http://horizonoffsite.ie/offsite-construction-structural-benefits-of-light-gauge-steel-lgs/
- Also in the Business Post: Why the future of excellence in construction is digital: From design to completion, data helps us understand the precise workings of a project and ensures we‘re working in the most efficient and safe way, writes Karol Friel, sales manager, Topcon Positioning Ireland https://www.businesspost.ie/commercial/why-the-future-of-excellence-in-construction-is-digital-36e8eb37
- Maps for all territories: Digital mapping has transformed all our lives in the last decade, but GIS offers the construction sector digital tools that can revolutionise the site and beyond.
- Developers ‘need data as much as land’ to hit housebuilding targets https://www.24housing.co.uk/news/developers-need-data-as-much-as-land-to-hit-housebuilding-targets/
- Q&A: Importance of data privacy in the age of PropTech (Includes interview) http://m.digitaljournal.com/business/q-a-importance-of-data-privacy-in-the-age-of-proptech/article/567166
- Digital transformation: Cultural and behavioural barriers https://www.pbctoday.co.uk/news/bim-news/digital-transformation-aec/71991/
- PropTech Today: Why the Guild’s iBuyer move will be a struggle https://www.estateagenttoday.co.uk/breaking-news/2020/2/proptech-today-why-the-guilds-ibuyer-move-will-be-a-struggle
- Meet The 27-Year-Old Who Wants To Build The Tesla Of Housing https://www.bisnow.com/london/news/sustainability/meet-the-27-year-old-who-wants-to-build-the-tesla-of-housing-103026#ath
- Construction IT Alliance, CitA has launched a schedule of regional events – check them out here: https://www.cita.ie/events/
OTHER PROPERTY NEWS
- New Sinn Fein TD sought Fianna Fail minister’s help after building €1m home without planning permission: A newly-elected Sinn Fein TD built a €1m home without planning permission — before seeking help from a Fianna Fail minister to be allowed to keep it.
North Kildare TD Reada Cronin — then known by her married name Reada Quinn — finished the home in 2002 with her solicitor husband Donal.
- Housing is at crisis point – it is time to park ideology and build https://www.irishtimes.com/opinion/housing-is-at-crisis-point-it-is-time-to-park-ideology-and-build-1.4175502?mode=amp
- Investors pile into property as turnover in build-to-rent sector reaches €2.54bn https://www.irishtimes.com/business/commercial-property/investors-pile-into-property-as-turnover-in-build-to-rent-sector-reaches-2-54bn-1.4177334?mode=amp
- KBC cuts 3 and 5-year fixed mortgage rates https://www-rte-ie.cdn.ampproject.org/c/s/www.rte.ie/amp/1116108/
- Tenants move into new Dublin apartments booked online https://www.rte.ie/news/2020/0218/1116105-vesta-apartments-twinlite/?fbclid=IwAR1E-R3kVAsnfp5P5WRpYrj9s2x6Qxa2-4BjGWRJZwNiEjyI7ZjyhygWzOA
- Council is probing 395 Airbnb-style properties amid letting crackdown https://m.independent.ie/irish-news/council-is-probing-395-airbnb-style-properties-amid-letting-crackdown-38973434.html
- Airbnb-style short-term rentals to be refused applications in Dublin https://www.irishtimes.com/news/environment/airbnb-style-short-term-rentals-to-be-refused-applications-in-dublin-1.4178857?mode=amp
- UCD students to protest against campus rent increases https://www.irishtimes.com/news/education/ucd-students-to-protest-against-campus-rent-increases-1.4176638?mode=amp
- Point Square set to hit market for €100m in September https://www.irishtimes.com/business/commercial-property/point-square-set-to-hit-market-for-100m-in-september-1.4177530?mode=amp
- Planners probe Dermot Bannon’s garden bath den https://www.irishtimes.com/life-and-style/homes-and-property/planners-probe-dermot-bannon-s-garden-bath-den-1.4178421?mode=amp
- Hammerson to pull out of retail park business https://www.rte.ie/news/business/2020/0221/1116676-hammerson-retail-parks/
- Russian oligarch tees up €85m sale of Dublin’s Morrison Hotel https://www.irishtimes.com/business/commercial-property/russian-oligarch-tees-up-85m-sale-of-dublin-s-morrison-hotel-1.4177545?mode=amp
- Former Dragon gears up for future nationwide expansion https://amp-independent-ie.cdn.ampproject.org/c/s/amp.independent.ie/business/commercial-property/former-dragon-gears-up-for-future-nationwide-expansion-38972818.html
- Google completes purchase of Treasury Building for €120m https://www.irishtimes.com/business/commercial-property/google-completes-purchase-of-treasury-building-for-120m-1.4181062?mode=amp