Sunday Property Round-Up, January 26th 2020

 

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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 a few local and international stories that might be of particular interest: 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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). 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 we were joined in the Property Matters studio by newly appointed Managing Director of Lisney David Byrne, Director of TA Group Thomas Campbell and Customer Success Manager of UtilityAR Patrick Liddy.

 

*Listen back to this episode here: https://ipropertyradio.com/property-matters-january-21st-2020-lisney-ta-group-utilityar/ 

 

Email the Property Matters team at hello@iPropertyRadio.com

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

  • Fresh objections to Tayto Park rollercoaster despite 14 noise reduction measures | Sonitus Systems
    https://www.sonitussystems.com/news/fresh-objections-to-tayto-park-rollercoaster-despite-noise-reduction 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*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

 

  • DAA gets shovels ready for €2bn plan but can it dig it? Terminal extensions and bigger aprons will increase capacity to cope with the extra passengers that a new runway will bring.

    Last year, DAA insisted that a decision by the aviation regulator to lower passenger charges at the airport threatened the entire plan. This tender suggests, however, that DAA is gearing up to get shovels in the ground. But, according to the tender announcement, it comes with a caveat: “The contracting authority reserves the right to make any announcements in respect of the project at any time during the competition.”
    https://amp.independent.ie/business/irish/daa-gets-shovels-ready-for-2bn-plan-but-can-it-dig-it-38893623.html

 

 

 

  • CRH linked to move for €3.7bn Australian group: Building materials group CRH has been linked to a buyout of Boral, an Australian construction materials company with a market valuation of AU$5.96bn (€3.7bn).

    The Irish company has developed a presence in Australia already, having been involved in an acquisition in 2018. According to its results for 2018, CRH’s Australian business benefited from continued demand in the high-rise residential market.

    CRH’s Australian companies include Cubis Systems, a provider of network access products. It also has Ancon, a construction accessories business, and CR Laurence, a supplier to the glass and glazing industry.
    https://amp.independent.ie/business/irish/crh-linked-to-move-for-37bn-australian-group-38893596.html

 

 

 

  • The owner of a Dublin limo hire company is advancing plans for a high-rise scheme of more than 1,100 apartments on an industrial site in Tallaght, west Dublin.

    Joseph Costello, of Absolute Limousines, is in pre-planning talks with An Bord Pleanala and South Dublin county council about the proposed development at Cookstown Industrial Estate. The company operates from the industrial park, which is near the Square shopping centre and Tallaght hospital.

    Absolute Limousines is proposing to demolish the existing industrial buildings and build 1,156 apartments, a creche and other amenities, according to outline details. An Bord Pleanala will decide by March 16 whether there is a reasonable basis for the plan and when a full planning application can be lodged.

    https://www.thetimes.co.uk/edition/ireland/absolute-limousines-owner-joseph-costello-drives-tallaght-apartments-plan-3jrdfgj8v

 

 

 

  • The property development group Twinlite is proposing to build over 100 apartments at a site in Dalkey, south Dublin, where its previous plans for 49 units sparked objections and a court case.

    The group, owned by the Larkin family, has lodged fresh plans for a development on a site beside Castle Park School in Dalkey. It would have 101 apartments in a “crescent-shaped” building of up to four storeys.

    The Twinlite company sought permission in 2017 for 50 apartments on the site but residents objected and the project was refused by Dun Laoghaire-Rathdown county council. An Bord Pleanala overturned that decision and gave its approval for a scheme of 49 apartments.

    https://www.thetimes.co.uk/edition/ireland/developer-twinlite-to-double-down-on-dalkey-apartments-g33wxfzwd

 

 

 

  • Development land: the prospect for 2020:  According to Donal Buckley in the Business Post today, this year, potential developers must contend with stabilising house and land prices, rising build cost inflation and macroprudential regulation. Infill sites outside the capital are the likely target of domestic home builders while the larger, internationally-funded developers progress strategic sites in and around the city:

    https://www.businesspost.ie/commercial/development-land-the-prospect-for-2020-9467f3f1

 

 

 

  • Fast-track housing scheme could set ‘dangerous precedent’: Minister for Housing Eoghan Murphy has opted to renew the Strategic Housing Development, but the Irish Planning Institute and others have warned strongly against it
    https://www.businesspost.ie/residential/fast-track-housing-scheme-could-set-dangerous-precedent-e9a535db

 

 

 

  • More than 200 express interest in buying €1.25m-plus homes on new street in Ranelagh: The Red Cow group’s Michael Moran is responsible for the development of 20 houses in the leafy south Dublin suburb https://www.businesspost.ie/business/more-than-200-express-interest-in-buying-125m-plus-homes-on-new-street-in-ranelagh-2712b072

 

 

 

 

  • Building projects at risk over children’s hospital overruns, HSE warns: Fresh delays and new concerns around the budget of the project were discussed in private meetings between senior civil servants and HSE chiefs
    https://www.businesspost.ie/health/building-projects-at-risk-over-childrens-hospital-overruns-hse-warns-b9ee0132

 

 

  • Irish Construction Data 2020: A pilot project kicks off this month to collect Irish construction projects data in order to build industry big data. Property District is partnering with Dr. Houssem Jerbi and the team at Smart PMO to use AI (Artificial Intelligence) to develop industry collective intelligence to improve Irish construction. The predictive data analytics will help ​de-risk projects through reducing delays and cost-overruns. This is an industry first for Irish construction, providing participating organisations with new, unique insights and the opportunity to benchmark individual project/organisation data against the market, essentially revealing the strengths and weaknesses of live projects and optimising projects KPIs. If you are interested in getting involved in this pilot project for 2020 please email carol@propertydistrict.ie.

 

 

  • Tallaght’s Square set for €100m extensions in new revamp: The shopping centre is marking three decades since it opened in 1990
    https://www.businesspost.ie/commercial/tallaghts-square-set-for-100m-extensions-in-new-revamp-06bcb099

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

  • Irish property investors should look beyond Ireland: Irish commercial property has produced strong returns over the last decade. We spoke to Ruairí McDonald, investment (development) manager at Standard Life Ireland, to discuss Irish versus Global Real Estate Funds – also known as Grefs https://www.businesspost.ie/commercial/irish-property-investors-should-look-beyond-ireland-77e6ea20

 

 

 

 

 

 

  • Grade-A office property in D4 goes for €20m: Three Haddington Buildings has been sold off-market to a German fund which had already acquired the next-door building
     https://www.businesspost.ie/commercial/grade-a-office-property-in-d4-goes-for-20m-13da88ce

 

 

 

 

 

 

  • There is plenty of room for the new hotels set to open in 2020: Despite headwinds in terms of a higher Vat rate and Brexit uncertainty, the Irish hotel real estate market performed solidly in 2019, and more hotel supply is expected to open in 2020

    https://www.businesspost.ie/commercial/there-is-plenty-of-room-for-the-new-hotels-set-to-open-in-2020-01e98ba2

 

 

 

 

 

 

  • Manufacturing facility is sold for €2.9m: The former Rennicks site in north-west Dublin has potential for expansion or redevelopment
    https://www.businesspost.ie/commercial/manufacturing-facility-is-sold-for-29m-8da7bd0e

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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