Irish property market news and insights – for the industry, by the industry
A personal note before we get started today – It has been a challenging 11 months for everyone so I am genuinely grateful for all of the industry and client support that has allowed Property District to grow our team over this period. Everyday, we have the opportunity to work strategically with communities and with people from some of the best private sector and public sector organisations in the industry. This is not just luck, we truly value and nurture these relationships. But not all organisations are a good fit. Company culture is not simply a buzzword, it is a very real feature of Property District. It is shorthand for passion, talent and innovation, underpinned by our values of integrity, creative and moral courage, and mutual respect. We will not collaborate or work with any organisations that do not share these values and we absolutely will not tolerate any unprofessional, demeaning or downright rude behaviour towards any of our team members. We were reminded of this stance earlier this week. So, with all collaborative project meetings happening over video-chat, I believe the following is important reading and I advise organisations to discuss online etiquette and perhaps share this with all new and middle-managers (leaders already understand this):
How Emotionally Intelligent Leaders Give Feedback: Turn your feedback from harmful to helpful, and bring out the best in your people: https://www.inc.com/justin-bariso/how-emotionally-intelligent-leaders-give-feedback.html
Now, back to business… 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:
- Taoiseach ‘does not see a major reopening of the economy’ on March 5, however: “construction sites will reopen once cases dropped below 1,000 a day…” https://www.irishexaminer.com/news/arid-40217615.html?type=amp
- Opinion: Opposition for opposition sake to Affordable Housing Plan short-changes young people and families https://www.thejournal.ie/readme/housing-homelessness-5342826-Feb2021/
- David McWilliams: A solution to Irish house-price silliness – Germany make wages the basis of house prices. Ireland does it the other way round https://www.irishtimes.com/opinion/david-mcwilliams-a-solution-to-irish-house-price-silliness-1.4476967?mode=amp
- Plan to convert 4,000 empty spaces above Dublin shops into housing: A policy to promote ‘living above the shop’ will be included in the final draft of the 2022-2028 development plan https://www.businesspost.ie/retail/plan-to-convert-4000-empty-spaces-above-dublin-shops-into-housing-dc726c15
- The chilling story behind one of Ireland’s most haunted houses https://www.irishcentral.com/roots/history/chilling-story-ireland-most-haunted-houses.amp
- VC investment in proptech can yield profits and change lives – TechCrunch https://techcrunch.com/2021/01/27/vc-investment-in-proptech-can-yield-profits-and-change-lives/
- Multinationals make Ireland’s GDP growth ‘clearly misleading’ https://www.politico.eu/article/ireland-gdp-growth-multinationals-misleading/amp/
- Bust property group continued raising money despite collapse: 1,800 Irish investors, among them healthcare workers, small business owners and pensioners who invested €107m in Dolphin Trust had their investments written down as worthless late last year https://www.businesspost.ie/legal/bust-property-group-continued-raising-money-despite-collapse-54e63762
- This week we launched Dezeen Awards 2021 https://www.dezeen.com/2021/02/06/this-week-dezeen-awards-2021-launch/
- Obituary: Tom Brennan was one half of the Mayo-born building duo Brennan & McGowan, who shaped the future of modern Dublin suburbs with affordable housing. https://amp.independent.ie/irish-news/obituary-tom-brennan-40060526.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 #PropertyMatters this week: Sean Murphy, Personal Loan Advisor with Simpler.ie; Thomas Campbell, Managing Director of TA Group.ie; Iain Thompson, Managing Director of Office App and Ikenna Nweke, Head of Sales UK and Ireland at Office App
Produced by Katie Tallon, Hear Me Roar Media
Watch part 1 – property: Sean Murphy
Watch part 2 – construction: Thomas Campbell
Watch part 3 – proptech: Office App
*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
- Legal challengers to housing developments given ‘free pass’: Changes may be needed on legal challenges to housing schemes, says planning board chief https://www.irishtimes.com/news/environment/legal-challengers-to-housing-developments-given-free-pass-1.4472475
- Conversely- Proper planning has been abandoned: “This system does not hear our voices as communities.” https://www.irishtimes.com/opinion/letters/proper-planning-has-been-abandoned-1.4473258?mode=amp
- Retired couple challenge planning approval for Clontarf apartments https://www.breakingnews.ie/ireland/retired-couple-challenge-planning-approval-for-clontarf-apartments-1074503.html
- Planning permission for Camden Lock restoration includes otter protections https://www.thetimes.co.uk/article/planning-permission-for-camden-lock-restoration-includes-otter-protections-c5bxrwzdf
- Council urged to swap white-water rafting plan for outdoor pool complex. The heated fresh-water swimming pool was suggested last summer but there has been little sign of progress on the idea since. https://m.sundayworld.com/news/irish-news/council-urged-to-swap-white-water-rafting-plan-for-outdoor-pool-complex-40034760.html
- Why the ESB’s decision to turn a museum into apartments is wrong https://www.rte.ie/brainstorm/2021/0205/1195199-esb-number-twenty-nine-museum-georgian-dublin-apartments/
- Dublin City Council to hire 55 staff for cycling and walking projects https://www.irishtimes.com/news/environment/dublin-city-council-to-hire-55-staff-for-cycling-and-walking-projects-1.4473237?mode=amp
- New ‘active travel unit’ to be established in Limerick https://www.limerickleader.ie/news/environment/605668/new-active-travel-unit-to-be-established-in-limerick.html
- Priest calls on Land Development Agency to clarify role in Limerick Regeneration https://www.limerickleader.ie/news/home/606764/priest-calls-on-development-agency-to-clarify-role-in-limerick-regeneration.html
- Planned Thomond Park arena heralded as ‘game-changer’ for Limerick https://www.limerickleader.ie/news/home/607600/planned-thomond-park-arena-heralded-as-game-changer-for-limerick.html
- Bypass options for Limerick towns revealed https://www.limerickleader.ie/news/home/607608/bypass-options-for-limerick-towns-revealed.html
- Consternation over Moyross project decision – O’Dea https://amp.rte.ie/amp/1195241/
- Island of Ireland: The conundrum of this Kerry island – Foughil Island in Co Kerry which is defined by what it hasn’t, rather than what it has https://www.irishexaminer.com/property/homeandoutdoors/arid-40215212.html?type=amp
- Petition launched to prevent proposed expansion of massive east Cork pig farm https://www.corkbeo.ie/news/local-news/petition-gathers-momentum-prevent-proposed-19785543
*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
- Minister O’Brien publishes Land Development Agency Bill 2021: The Bill establishes the LDA on a statutory basis and sets out the core goals to undertake strategic land assembly and utilise state lands to build affordable homes and sustainable communities. https://www.gov.ie/en/press-release/7ee73-minister-obrien-publishes-land-development-agency-bill-2021/#
- Residents plead with new children’s hospital builders to halt project over virus risk: Builders have been in dispute with local residents about ongoing construction work during Level 5 restrictions, amid concerns about the potential spread of Covid-19. https://amp.independent.ie/irish-news/health/residents-plead-with-hospital-builders-to-halt-project-over-virus-risk-40060418.html
- Johnny Ronan plans to build two tallest towers in country – and sell 101 apartments to council for €66m: Developer seeks permission for 45- and 44-storey buildings in Dublin’s Docklands https://m.independent.ie/news/johnny-ronan-plans-to-build-two-tallest-towers-in-country-and-sell-101-apartments-to-council-for-66m-40053266.html
- Ronan plans to sell €960,000 apartment to council for social housing: Developer places €66.69m price tag on 101 units at new Dublin scheme https://www.irishtimes.com/business/economy/ronan-plans-to-sell-960-000-apartment-to-council-for-social-housing-1.4476385?mode=amp
- Halt to construction could reduce supply of new homes by 8,000 – Irish Home Builders Association says current lockdown likely to aggravate housing crisis https://www.irishtimes.com/business/construction/halt-to-construction-could-reduce-supply-of-new-homes-by-8-000-1.4474368?mode=amp
- What Does The Future Hold For The Construction Industry? | Newstalk – With only ‘essential’ work continuing in the construction sector, what is the outlook like for the short-medium term? To discuss Pat was joined on the show by Tom Parlon, Director General of the Construction Industry Federation https://www.newstalk.com/podcasts/highlights-from-the-pat-kenny-show/what-does-the-future-hold-for-the-industry
- We’re building more apartments, but for foreign investors: Most of the big schemes are being sold to foreign funds as PRS investments https://www.irishtimes.com/business/construction/we-re-building-more-apartments-but-for-foreign-investors-1.4473186?mode=amp
- Big bounce in home completions in fourth quarter Ireland, news for Ireland, Ireland, https://www.businessworld.ie/news-from-ireland/Big-bounce-in-home-completions-in-fourth-quarter–575078.html
- Time to take LEED on certified sustainable buildings: Buildings and construction account for nearly 40 per cent of energy-related CO2 emissions, so a radical shift is required in the way we consume resources https://www.businesspost.ie/commercial/time-to-take-leed-on-certified-sustainable-buildings-ef57774c
- Hammerson and Irish Life’s Ilac casino plan dealt final blow – Independent.ie https://m.independent.ie/business/irish/hammerson-and-irish-lifes-ilac-casino-plan-dealt-final-blow-40053867.html
- Councillors plan 100% social and affordable homes at Dublin site https://www.irishtimes.com/news/ireland/irish-news/councillors-plan-100-social-and-affordable-homes-at-dublin-site-1.4476473?mode=amp
- Council refuses planning permission for hotel on Capel Street, says there are ‘too many’ hotels in Dublin https://www.thejournal.ie/hotel-on-capel-street-refused-planning-permission-5342463-Feb2021/
- Construction of biggest new public housing scheme in State to begin in Shanganagh: Dun Laoghaire TD Cormac Devlin says the 600-unit development, which will get underway imminently, is ‘badly needed https://www.dublinlive.ie/news/dublin-news/construction-biggest-new-public-housing-19745689.amp
- Green light for first phase of new homes at Cherrywood https://amp.rte.ie/amp/1194392/ Also: Quintain given go-ahead for first phase of 1,300 home plan for Cherrywood https://www.irishtimes.com/business/construction/quintain-given-go-ahead-for-first-phase-of-1-300-home-plan-for-cherrywood-1.4473302?mode=amp
- Landmark Dublin docklands site seeks €80m https://www.irishtimes.com/business/commercial-property/landmark-dublin-docklands-site-seeks-80m-1.4474359?mode=amp
- US embassy to move to old Jurys Hotel site in Ballsbridge: Diplomats opt for high-profile property following long search https://www.irishtimes.com/business/construction/us-embassy-to-move-to-old-jurys-hotel-site-in-ballsbridge-1.4475283?mode=amp
- Victoria Homes receiver successfully discharged as firm resolves issues with lender: ‘The company has so far completed 28 developments with 572 units. It has 3,268 units either in planning or granted…’ https://amp.independent.ie/business/irish/victoria-homes-receiver-discharged-as-firm-resolves-issues-with-lender-40055744.html
- Proposed new €60 million Amazon ‘fulfillment centre’ planned for Baldonnell https://www.echo.ie/news/article/proposed-new-60-million-amazon-fulfillment-centre-planned-for-baldonnell
- Permission granted for two new schools in Sandymount despite local opposition https://www.thejournal.ie/permission-granted-for-two-new-schools-in-sandymount-despite-local-opposition-5344444-Feb2021/
- Beating the spread: Kerrygold backs itself to get even bigger: Ireland’s only billion-euro food brand is planning to expand with a new cream processing facility among its infrastructure improvements https://www.irishexaminer.com/farming/arid-40221386.html?type=amp
- Galway eircode H91 records second highest new number of builds nationwide in 2020 – Galway Bay FM https://galwaybayfm.ie/galway-bay-fm-news-desk/galway-eircode-h91-records-second-highest-new-number-of-builds-nationwide-in-2020/
- Challenge to permission for shared living development in Blanchardstown: Project would involve demolition of Brady’s pub and restaurant on Old Navan Road https://www.irishtimes.com/news/crime-and-law/courts/high-court/challenge-to-permission-for-shared-living-development-in-blanchardstown-1.4473427?mode=amp
- BAM Ireland has sent six workers home from the construction site of Dublin’s New Children’s Hospital after its first batch of scheduled weekly Covid-19 tests revealed them to be infected but asymptomatic. https://www.globalconstructionreview.com/news/bam-sends-6-workers-home-dublins-new-childrens-hos/
- TikTok shortlists five Dublin sites for new headquarters https://m.independent.ie/business/commercial-property/tiktok-shortlists-five-dublin-sites-for-new-headquarters-40057880.html
- Breaking: Part of plans for apartments at Bessborough refused https://www.echolive.ie/corknews/arid-40218779.html
- Plan to use Cork student accommodation for tourists abandoned https://www.irishexaminer.com/news/munster/arid-40220582.html
- Developer appeals council decision on Foxhunter site: A DEVELOPER has lodged an appeal against South Dublin County Council’s decision to refuse permission for the construction of a 20-storey apartment block, two three-storey apartment blocks one and four-storey apartment block, at the car park adjacent to the vacant Foxhunter pub in Lucan. https://www.echo.ie/lucan/article/developer-appeals-council-decision-on-foxhunter-site
- Appeal lodged against rejection of Briarhill housing plans – Galway Daily https://www.galwaydaily.com/news/housing/appeal-lodged-against-rejection-of-briarhill-housing-plans/
- Green light for €10m hotel at Goffs site https://www.irishtimes.com/business/construction/green-light-for-10m-hotel-at-goffs-site-1.4475475?mode=amp
- 704 Wicklow homes under construction in December https://amp.independent.ie/regionals/braypeople/news/704-homes-under-construction-in-december-40043731.html
- Kildare hotel plans to be revamped into apartments at Waterways, Sallins – if approved https://www.kildarenow.com/news/home/607675/kildare-hotel-plans-to-be-revamped-into-apartments-at-waterways-sallins-if-approved.html
- ‘Surprising’ number of Laois planning applications during pandemic – Leinster Express https://www.leinsterexpress.ie/news/business/606449/laois-planning-applications-continue-despite-pandemic.html
- Locals appeal Bunratty housing development to An Bord Pleanála – The Clare Echo News https://www.clareecho.ie/locals-appeal-bunratty-housing-development-to-an-bord-pleanala/
- ‘Just Got Paid’ – High Court Delivers First Adjudication Enforcement Judgment Pursuant To Construction Contracts Act 2013 – Real Estate and Construction – Ireland https://www.mondaq.com/ireland/construction-planning/1031854/just-got-paid39-high-court-delivers-first-adjudication-enforcement-judgment-pursuant-to-construction-contracts-act-2013
- Irish renewable energy firm Amarenco will have its first Irish solar farms built by summer, says CEO https://amp.independent.ie/business/technology/irish-renewable-energy-firm-amarenco-will-have-its-first-irish-solar-farms-built-by-summer-says-ceo-40034065.html
- Spanish energy giant buys stake in Cork and Clare offshore wind farms https://www.irishexaminer.com/business/companies/arid-40221026.html?type=amp
- Trustpilot warns Ballymore over five-star reviews posted by staff: Positive online reviews followed a wave of one-star ratings by residents of the developer’s London apartments
https://www.businesspost.ie/houses/trustpilot-warns-ballymore-over-five-star-reviews-posted-by-staff-0519b6cb
- Keating’s collapse leaves debts of €30m https://www.clareecho.ie/keatings-collapse-leaves-debts-of-e30m/
- Kirby Group Engineering is seeking applications for its Apprenticeship and Graduate Programmes https://www.echolive.ie/business/arid-40218728.html?type=amp
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 *
- Ireland-based audio key inventor wins US patent: The patent process took more than five years to complete and comes when Standard Access is expanding out of Europe and into the North American marketplace with its operating system for smart buildings…
https://placetech.net/products/audio-key-inventor-wins-us-patent-battle/amp/
- Construction tech company GoContractor raises $5m https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/construction/construction-tech-company-gocontractor-raises-5m-1.4475462?mode=amp
- Autodesk urges Irish students to consider technology courses | Irish Building Magazine.ie | Ireland’s Leading Construction News & Information Portal https://www.irishbuildingmagazine.ie/2021/02/01/autodesk-urges-irish-students-to-consider-technology-courses/
- #ProptechTuesday Guest Post: Read what LMRE Head of Europe PropTech Recruitment Consultant Dilan Omari-Clark has to say about the Regulatory Barriers to Growth being faced by PropTech Start-Ups in Europe: https://prop-tech.ie/proptech-tuesday-guest-post/
- Mortgages are finally moving with the times | Business Post https://www.businesspost.ie/property-insight/mortgages-are-finally-moving-with-the-times-6151cb47
- 7 Ways PropTech is Changing Real Estate – https://realtybiznews.com/7-ways-proptech-is-changing-real-estate/98761294/
- Also, How is tech changing the role of letting agents for the better? https://www.estateagenttoday.co.uk/features/2021/2/how-is-tech-changing-the-role-of-letting-agents-for-the-better
- How a pandemic allowed proptech ‘to shine’ – Business – Construction Week Online https://www.constructionweekonline.com/business/270423-how-a-pandemic-allowed-proptech-to-shine
- Homeowners with smart home tech less likely to make large insurance claims – PropertyWire https://www.propertywire.com/news/homeowners-with-smart-home-tech-less-likely-to-make-large-insurance-claims/
- Real estate technology SPAC Fifth Wall Acquisition I prices upsized $300 million IPO – Renaissance Capital https://www.renaissancecapital.com/IPO-Center/News/76196/Real-estate-technology-SPAC-Fifth-Wall-Acquisition-I-prices-upsized-$300-mi
- Battery Powered Construction Equipment From Komatsu And Liebherr https://cleantechnica.com/2021/02/01/battery-powered-construction-equipment-from-komatsu-and-liebherr/
- VPS Group digs deeper into construction site-security https://www.journalism.co.uk/press-releases/vps-group-digs-deeper-into-construction-site-security-/s66/a792628/
- Seizing the Digital Promises of Proptech – MortgageOrb https://mortgageorb.com/seizing-the-digital-promises-of-proptech
- Finnish Proptech CHAOS Raises €1.5 Million Through New Investment Round Led By Swedish Investment Firm Nidoco https://www.crowdfundinsider.com/2021/02/171809-finnish-proptech-chaos-raises-e1-5-million-through-new-investment-round-led-by-swedish-investment-firm-nidoco/
- A look at how proptech startup Knotel went from a $1.6B valuation to filing for bankruptcy – TechCrunch https://techcrunch.com/2021/02/05/a-look-at-how-proptech-startup-knotel-went-from-a-1-6b-valuation-to-filing-for-bankruptcy/
- Divvy Homes secures $110M Series C to help renters become homeowners – TechCrunch https://techcrunch.com/2021/02/02/divvy-homes-secures-110m-series-c-to-help-renters-become-homeowners/
RESIDENTIAL PROPERTY NEWS (including PRS)
- Dublin’s private rented sector is becoming long-term stable asset, says new report: Hooke & MacDonald study refutes the argument that councils can provide social housing cheaper than the private sector https://www.businesspost.ie/commercial/dublins-private-rented-sector-is-becoming-long-term-stable-asset-says-new-report-d247a8cc
- People buying houses ‘without setting foot in the door’ | Newstalk https://www.newstalk.com/news/people-buying-houses-without-setting-foot-in-the-door-1146647
- Plan ahead coolly to secure the mortgage you need: Property experts predict a surge in house purchases when lockdown restrictions are lifted again – so make sure you are fully prepared when seeking mortgage approval https://www.businesspost.ie/property-insight/plan-ahead-coolly-to-secure-the-mortgage-you-need-08c61a22
- Dublin City Council is facing a €2 billion bill to bring 8,000 of its dated and run-down flats up to mandatory EU standards: https://www.irishtimes.com/news/social-affairs/bill-of-2bn-to-bring-run-down-dublin-flats-up-to-eu-standard-1.4472516?mode=amp
- €1.2bn invested in Dublin private rented sector despite Covid-19 https://www.irishtimes.com/business/commercial-property/1-2bn-invested-in-dublin-private-rented-sector-despite-covid-19-1.4473245?mode=amp
- Affordable rents to start at €1,000 per month for one-bed property https://amp.independent.ie/regionals/braypeople/news/affordable-rents-to-start-at-1000-per-month-for-one-bed-property-40051605.html
- Solicitors and estate agents join up to fight negative interest rates: AIB and Bank of Ireland plan to introduce penalties on client accounts holding more than €2.5 million https://www.businesspost.ie/banking-extra/solicitors-and-estate-agents-join-up-to-fight-negative-interest-rates-daf01d32
- Veteran duo team up to form D6 estate agency:
Pat Mullery and Deirdre O’Gara have more than five decades’ experience between them as they launch their new venture https://www.businesspost.ie/residential/veteran-duo-team-up-to-form-d6-estate-agency-f94a9a6d
- 11 houses up for sale in Ireland for €50k that could be worth a lot more https://www.irishmirror.ie/lifestyle/homes-and-property/houses-sale-ireland-value-potential-23455781.amp
- Kerry County Council has a vacancy rate in its housing stock of almost 3.5%. As of December 10th, 149 out of 4,283 houses owned by the council were vacant. https://www.radiokerry.ie/almost-150-kerry-county-council-houses-vacant/
- Nearly 1,400 private homes sold in Limerick last year https://www.limerickleader.ie/news/home/606726/nearly-1-400-private-homes-sold-in-limerick-last-year.html
- Making Cents: How to get a mortgage in 2021 (part 2) https://www.limerickleader.ie/news/home/606153/making-cents-how-to-get-a-mortgage-in-2021-part-2.html
- Public asked to make properties available for homeless people | BreakingNews.ie https://www.breakingnews.ie/amp/ireland/public-asked-to-make-properties-available-for-homeless-people-1073368.html
- Strongest quarter of home sales in a decade – Sherry FitzGerald https://www.irishtimes.com/business/economy/strongest-quarter-of-home-sales-in-a-decade-sherry-fitzgerald-1.4475428?mode=amp
- Home truths: Material matters when choosing fabric for rooms – We consult Cork soft furnishings specialist Elmarie Kilbride on stirring our interiors from hibernation and tackling new projects https://www.irishexaminer.com/property/homeandoutdoors/arid-40216868.html?type=amp
- Houses at ‘rapidly deteriorating’ Tipperary estate bought ‘cheaply’ https://www.tipperarylive.ie/news/local-news/606940/houses-at-rapidly-deteriorating-tipperary-estate-bought-cheaply.html
- Tech tycoon’s holiday home revamp sunk by planners https://www.thetimes.co.uk/article/ray-nolan-hostelworld-cork-z5qtbqq6z
COMMERCIAL PROPERTY NEWS
- Litigate or accommodate: landlords make moves as retail property values plummet: While some commercial property owners take beleaguered tenants to court, others agree to link rent and revenue. Could this become a standard clause in retail leases? https://thecurrency.news/articles/35643/litigate-or-accommodate-landlords-make-moves-as-retail-property-value-plummets/
- FBD seeks to offload Covid payouts for pubs https://www.thetimes.co.uk/article/fbd-seeks-to-offload-covid-payouts-for-pubs-ml0kst20t
- Engineering firm fails to halt action over rent arrears https://www.irishtimes.com/business/construction/engineering-firm-fails-to-halt-action-over-rent-arrears-1.4475254?mode=amp
- Boutique Baggot Street hotel and investment seeks €5m https://www.irishtimes.com/business/commercial-property/boutique-baggot-street-hotel-and-investment-seeks-5m-1.4474141?mode=amp
- Ires Reit appeal gets €155,000 vacant site levy overturned https://m.independent.ie/business/irish/ires-reit-appeal-gets-155000-vacant-site-levy-overturned-40053875.html
- Johnny Ronan firm claims Bewley’s want taxpayer to pay its Grafton Street rent https://www.irishexaminer.com/news/courtandcrime/arid-40218359.html
- Investors eye €380m from sale of stake in Facebook’s Ballsbridge HQ https://www.irishtimes.com/business/commercial-property/investors-eye-380m-from-sale-of-stake-in-facebook-s-ballsbridge-hq-1.4477326?mode=amp
- Amazon in talks over key facility at Shannon Airport https://amp.independent.ie/business/irish/amazon-in-talks-over-key-facility-at-shannon-airport-40033977.html
- Arrow picks up four Irish logistics assets for Sire… https://propertyeu.info/Nieuws/Arrow-picks-up-four-Irish-logistics-assets-for-Sire/09fc596e-247b-4ce5-988c-dd770052a585
- Warehouse boom enters space race: Brexit-related customs problems and the surge in e-commerce sales are creating huge demand for storage areas https://www.thetimes.co.uk/article/warehouse-boom-enters-space-race-32wx066mt
- Clicks and mortar are the future for local shops https://www.thetimes.co.uk/article/clicks-and-mortar-are-the-future-for-local-shops-twfbtsbpw
- How Irish retailers rapidly moved online https://www.thetimes.co.uk/article/how-irish-retailers-rapidly-moved-online-d9tzd77q8
- Yew Grove Reit sets its sights on offices outside Dublin: The property investment firm has a war chest of roughly €20 million as it prepares to add to its existing portfolio https://www.businesspost.ie/commercial/yew-grove-reit-sets-its-sights-on-offices-outside-dublin-c4619709
- Former doctor’s surgery for sale in Galway city has endless potential – Galway Daily https://www.galwaydaily.com/galway-property/former-doctors-surgery-for-sale-in-galway-city-has-endless-potential/
- Roscrea and Shannon retail investments sold for €7.8m and €6m: Resilience of grocery sector drives sales of Tesco store and Skycourt Shopping Centre https://www.irishtimes.com/business/commercial-property/roscrea-and-shannon-retail-investments-sold-for-7-8m-and-6m-1.4471071?mode=amp
- Wexford and Cork farms set the bar high for 2021 land prices https://amp.independent.ie/business/farming/farm-property/wexford-and-cork-farms-set-the-bar-high-for-2021-land-prices-40034960.html
INTERNATIONAL PROPERTY NEWS
- Can the pandemic save WeWork? https://qz.com/1969291/can-the-pandemic-save-wework/amp/
- HSBC sues Savills for inflated property values https://propertyindustryeye.com/hsbc-sues-savills-for-inflated-property-values/
- Priest calls on development agency to clarify role in Limerick Regeneration https://www.limerickleader.ie/news/home/606764/priest-calls-on-development-agency-to-clarify-role-in-limerick-regeneration.html
- Backlash over fired directors prompted RICS to review its future, president admits https://www.building.co.uk/news/backlash-over-fired-directors-prompted-rics-to-review-its-future-president-admits/5110151.article
- UK Developers to be compelled to embrace local vernacular – The Ministry of Housing is progressing its plans to improve the aesthetics of housing developments. https://www.theconstructionindex.co.uk/news/view/developers-to-be-compelled-to-embrace-local-vernacular
- Our army of young investors is playing long game, says Hargreaves Lansdown https://www.thetimes.co.uk/article/our-army-of-young-investors-is-playing-long-game-says-hargreaves-lansdown-j585qxtwf
- Moody’s Predicts Record Vacancy Rate, Steep Drop In Office Rents This Year https://www.bisnow.com/national/news/office/moodys-office-market-bad-until-2026-107594
- OMA designs Chengdu Future City as “alternative to the typical masterplan” https://www.dezeen.com/2021/02/04/oma-gmp-design-chengdu-future-city-china-masterplans/
- Google To Resume Spending On Office Investment, Construction https://www.bisnow.com/national/news/office/google-resumes-office-real-estate-activity-investment-construction-107612
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/