Weekly 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: 

 

• Judicial Review – Government to bring in fast-track law to stop appeals on housing:  With the current SHD system  scheduled to expire in February 2022,   there is a tight legislative window to get the new law passed in time. https://m.independent.ie/irish-news/politics/government-to-bring-infast-track-law-to-stop-appeals-on-housing-40618635.html But… Greater financial risk for litigants in judicial reviews ‘outrageous’ https://www.irishtimes.com/news/politics/oireachtas/greater-financial-risk-for-litigants-in-judicial-reviews-outrageous-1.4612461?mode=amp

 

• More fast-track planning won’t fix dysfunctional housing market: Government needs to tread carefully when it comes to replacing the Strategic Housing Development application system https://www.irishtimes.com/business/construction/more-fast-track-planning-won-t-fix-dysfunctional-housing-market-1.4613522?mode=amp

 

• Should Ireland’s planning system take some of the blame for the housing crisis? A European Commission report shows a 96% correlation between the number of planning permission grants and the number of homes completed two years later. https://www.thejournal.ie/irelands-planning-system-explained-5483574-Jul2021/

 

• Rent pressure zones are counterproductive, and they harm the most vulnerable: The government is relying more and more heavily on rent controls to deal with the housing crisis. Tenants and would-be tenants should be worried. This is why. https://thecurrency.news/articles/52515/rent-pressure-zones-are-counterproductive-and-they-harm-the-most-vulnerable/

 

• Affordable housing bill passes through Dáil https://www.irishexaminer.com/news/politics/arid-40332776.html

 

• Thousands of homeowners in fight to get ghost estates completed: It is known there are 123 estates still unfinished, with 58 completely unoccupied https://m.independent.ie/business/personal-finance/property-mortgages/thousands-of-homeowners-in-fightto-getghost-estates-completed-40635845.html

 

• Cliff Taylor: The Government is about to go really big on housing: Byelection loss will increase pressure, but will the new housing plan deliver? https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/opinion/cliff-taylor-the-government-is-about-to-go-really-big-on-housing-1.4615941?mode=amp

 

• ESG investing is meant to return less – that is the whole point: ESG investing is making the world a better place. But the claim that ESG is good for returns is fundamentally dishonest. https://thecurrency.news/articles/52920/sean-keyes-on-investing-esg-investing-is-meant-to-return-less-that-is-the-whole-point/

 

• Dublin set to get its first outdoor rooftop cinema https://www.irishtimes.com/culture/film/dublin-set-to-get-its-first-outdoor-rooftop-cinema-1.4611934?mode=amp

 

• Breaking: ONE of the world’s largest energy facilities is to be set up on Whiddy Island to produce green hydrogen and green ammonia. https://www.southernstar.ie/news/breaking-whiddy-island-to-be-home-to-one-of-worlds-biggest-energy-plants-4226230 

 

• Public urged to check registers after man fined for saying he was an architect: RIAI and SCSI welcome court judgment against man who misrepresented himself https://www.irishtimes.com/life-and-style/homes-and-property/public-urged-to-check-registers-after-man-fined-for-saying-he-was-an-architect-1.4613920?mode=amp

 

• ESB boss unsure if electricity prices will continue to rise: If hydrogen does not begin to replace Ireland’s reliance on gas then ‘the nuclear debate could come back to Ireland,’ https://www.businesspost.ie/energy/esb-boss-unsure-if-electricity-prices-will-continue-to-rise-03101c27

 

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). The team delivers 60 minutes of industry chat weekly with guests from the areas of planning, construction, property and proptech.

On #PropertyMatters iPropertyRadio.com this week I was joined by Sally Anne Sherry, General Counsel at Bartra to break down the thorny issue of judicial review applications, what’s gone wrong, the role of the community in the planning process and how the delivery of vital new homes might be accelerated.

Watch back: https://youtu.be/VtFKug_Wb_A

 

*Listen back to all shows at: https://ipropertyradio.com/property-matters/

Email the Property Matters team at info@propertydistrict.ie 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

• Creating Social Value Through Placemaking: “By ensuring the social aspect of ESG is considered, public and private entities can collaborate to unlock the value of the place for the benefit of the #community…” https://placeengage.com/creating-social-value-through-placemaking/

 

• ‘Our world is blighted by many sick cities’, and Dublin ‘gave in to the Factory’: Marwa al-Sabouni’s latest book deconstructs many living spaces that fail at the first hurdle https://www.irishtimes.com/life-and-style/homes-and-property/our-world-is-blighted-by-many-sick-cities-and-dublin-gave-in-to-the-factory-1.4613015?mode=amp

 

• Best Place to Live in Ireland 2021: Rural entries far outnumber urban ones – Roscommon, Meath, Longford, Armagh and Carlow have just a handful of entries each https://www.irishtimes.com/life-and-style/best-place-to-live-in-ireland-2021-rural-entries-far-outnumber-urban-ones-1.4614048?mode=amp

 

• Housing is biggest concern for Dublin businesses, survey finds: Traffic congestion and a lack of suitable infrastructure also cited as major issues https://www.irishtimes.com/business/economy/housing-is-biggest-concern-for-dublin-businesses-survey-finds-1.4613096?mode=amp

 

• A group calling itself the Artists’ Alliance for the Preservation of Moore Street claims to have the support of Oscar-nominated actress Saoirse Ronan in its campaign against plans to redevelop a 5.5-acre plot stretching from O’Connell St to Moore St https://www.thetimes.co.uk/article/artists-fight-1916-cityscape-ireland-saoirse-ronan-7l8vm9r5p

 

• The changing face of Cork City https://www.irishexaminer.com/news/spotlight/arid-40332335.html?type=amp

 

• Cork County Development Plan https://www.publicconsultation.ie/open-public-consultations/cork-development-plan

 

• Cobh could be on the verge of a major transformation under plans for a total regeneration of the town’s urban landscape.https://www.corkbeo.ie/news/local-news/watch-exciting-urban-regeneration-plan-21011239

 

• RESIDENTS in the so-called ‘demolition zone’ in Moyross have vowed to do all they can to stay in their homes https://www.limerickleader.ie/news/home/646801/red-zone-residents-dont-want-to-move-from-limerick-estate.html

 

• Significant ‘medieval find’ during Limerick construction works https://www.limerickleader.ie/news/home/646803/significant-medieval-find-during-limerick-construction-works.html Also: Site redevelopment ‘could reunite up to 80m of ancient Limerick walls’  https://www.limerickleader.ie/news/home/647922/site-redevelopment-could-reunite-up-to-80m-of-ancient-limerick-walls.html

 

• Proposal to develop new heritage park in Limerick village back on track  https://www.limerickleader.ie/news/home/647846/proposal-to-develop-new-heritage-park-in-limerick-village-back-on-track.html

 

• Former convent site to be home to Wicklow locals and Syrian refugees https://www.irishtimes.com/news/social-affairs/former-convent-site-to-be-home-to-wicklow-locals-and-syrian-refugees-1.4613184?mode=amp

 

• Co Wicklow: one walk, one run, one hike, one swim, one cycle, one park and one outdoor gym – Your essential, outdoor, family-friendly guide to #Wicklow https://www.irishtimes.com/life-and-style/health-family/fitness/co-wicklow-one-walk-one-run-one-hike-one-swim-one-cycle-one-park-and-one-outdoor-gym-1.4601286?mode=amp

 

*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

 

• The cost of building materials is on the rise – what does that mean for Ireland’s housing crisis? The price of materials used in construction has risen by 5% in the year to June. https://www.thejournal.ie/why-are-houses-so-expensive-in-ireland-5490533-Jul2021/?amp=1

 

• Ireland’s Top-50 main and specialist services contractors achieved a combined turnover of €10.54bn in 2020 up from €9.74bn in 2019 https://www.irishbuildingmagazine.ie/2021/07/08/2020-turnover-at-irelands-top-50-contractors-tops-e10bn/

 

• ‘Over 20,000 construction workers’ opting to stay on PUP | Newstalk https://www.newstalk.com/news/over-20000-construction-workers-opting-to-stay-on-pup-1221263

 

• Just over 66% of HBFI funding used for the development of private housing https://www.irishtimes.com/business/construction-firms-given-285m-last-year-by-state-s-home-building-scheme-1.4612972?mode=amp

 

• Developer urged lower investment in cash-for-residence scheme: Bartra also warned donations to charities via scheme are hit by fees and commissions https://www.irishtimes.com/business/economy/developer-urged-lower-investment-in-cash-for-residence-scheme-1.4616022?mode=amp

 

• Agenda: Interest will soon develop in our property giants https://www.thetimes.co.uk/article/agenda-interest-develop-ireland-property-giants-7x50kztvh

 

• Solution to housing crisis must involve a reimagining of urban Ireland: To achieve the optimal outcome, it is important to identify what is wrong with our government’s current approach https://www.businesspost.ie/business-posts-view/editorial-solution-to-housing-crisis-must-involve-a-reimagining-of-urban-ireland-dadee133

 

• Bids sought to build 600 social and affordable homes in south Dublin: Planning permission granted to build 546 apartments and 51 houses at Shanganagh https://www.irishtimes.com/news/social-affairs/bids-sought-to-build-600-social-and-affordable-homes-in-south-dublin-1.4614974?mode=amp

 

• Mica and pyrite scandals – could it still happen today? https://www.thejournal.ie/mica-pyrite-5479334-Jul2021/?amp=1

 

• How ground subsidence affects the safety of buildings https://www.rte.ie/brainstorm/2021/0706/1233423-ground-subsidence-buildings-urban-rural/

 

• Afforestation levels down 63% while Cork and Kerry have the highest areas nationally: Warning that the importation of logs and finished timber from Scotland is not sustainable https://www.irishexaminer.com/farming/arid-40331543.html?type=amp

 

• Department of Health refuses to provide update on children’s hospital  https://www.irishexaminer.com/news/arid-40330115.html Also, Lack of transparency on cost of National Children’s Hospital ‘disgraceful’ -Oireachtas committee told project delayed by 14 months and is now due to open in 2024 https://www.irishtimes.com/news/ireland/irish-news/lack-of-transparency-on-cost-of-national-children-s-hospital-disgraceful-1.4613995?mode=amp

 

• Construction cost claims for new children’s hospital to be reviewed in High Court https://www.irishexaminer.com/news/arid-40331345.html

 

• State’s first cost rental homes unveiled in north Dublin: New tenure model will see homes rented at 25 per cent below market rate https://www.irishtimes.com/business/economy/state-s-first-cost-rental-homes-unveiled-in-north-dublin-1.4613507?mode=amp

 

• Protected status expected for three-storey Player Wills building: Former Dublin factory on South Circular Road part of a 19-storey redevelopment plan https://www.irishtimes.com/culture/heritage/protected-status-expected-for-three-storey-player-wills-building-1.4611287?mode=amp

 

• ‘Build-to-rent is a Government-sponsored cartel,’ claim locals opposing Dublin development for 205 apartments on the now-derelict site of an old bakery on the banks of the Royal Canal https://m.independent.ie/irish-news/build-to-rent-is-a-government-sponsored-cartel-claim-locals-opposing-dublin-development-40613091.html

 

• Johnny Ronan plan for Google offices hits setback over height: Dublin City Council grants permission for eight-storey building rather than 10-storey https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/technology/johnny-ronan-plan-for-google-offices-hits-setback-over-height-1.4616265?mode=amp

 

• Planning watchdog criticises excessive rezoning for housing by Cork County Council https://www.irishexaminer.com/news/munster/arid-40328987.html

 

• Plans for four storey apartment block in Cork city centre given the green light https://www.echolive.ie/corknews/arid-40331612.html

 

• City centre hotel appeals refusal of expansion plans – Galway Daily https://www.galwaydaily.com/news/city-centre-hotel-appeals-refusal-of-expansion-plans/

 

• Amazon’s second Drogheda data centre on hold following An Taisce objection https://www.irishtimes.com/business/technology/amazon-s-second-drogheda-data-centre-on-hold-following-an-taisce-objection-1.4613191?mode=amp

 

• 333-home plan for commuter belt heads for judicial review after local objections: Strategic housing permission erred on overdevelopment, Clane Community Council claims https://www.irishtimes.com/business/construction/333-home-plan-for-commuter-belt-heads-for-judicial-review-after-local-objections-1.4611926?mode=amp

 

• NEW: Kildare hotel that never opened to be turned into 26 apartments  https://www.kildarenow.com/news/home/647180/latest-kildare-hotel-that-never-opened-to-be-turned-into-26-apartments.html

 

• Green light for massive €18m expansion planned to Kildare retail hub  https://www.kildarenow.com/news/home/646894/new-green-light-for-massive-18m-expansion-planned-to-kildare-retail-hub.html

 

• Contract signed for new Little Angels School site https://www.highlandradio.com/2021/07/08/contract-signed-for-new-little-angels-school-site/

 

• Shareholder in firm linked to Davy Hickey Properties fails to get injunction https://www.irishtimes.com/business/retail-and-services/shareholder-in-firm-linked-to-davy-hickey-properties-fails-to-get-injunction-1.4612309?mode=amp

 

• Specialist supplier Groundforce is further expanding its product offering with the launch of a new division, Groundforce Safety https://www.irishbuildingmagazine.ie/2021/07/05/groundforce-launches-new-division/

 

• Sisk’s parent reports ‘strong performance’ despite construction lockdown: Sicon’s operations earned profits of €21m last year, down from €29m in 2019 https://www.irishtimes.com/business/construction/sisk-s-parent-reports-strong-performance-despite-construction-lockdown-1.4614184?mode=amp

 

• Grafton Group sees strong trading in first half as Covid restrictions ease: Revenue for Woodie’s owner up 46.5% on first half of 2020 as DIY drives growth https://www.irishtimes.com/business/construction/grafton-group-sees-strong-trading-in-first-half-as-covid-restrictions-ease-1.4614807?mode=amp

 

• Plant hire firm liquidator must get court approval before paying his fees: Judges makes order given ‘track record’ of Anthony J Fitzpatrick https://www.irishtimes.com/business/retail-and-services/plant-hire-firm-liquidator-must-get-court-approval-before-paying-his-fees-1.4615314?mode=amp

 

• Capitalflow bought by Bunq in deal worth €141m https://m.independent.ie/business/capitalflow-bought-by-bunq-in-deal-worth-141m-40637052.html

 

• Goodbody adds CRH to client list: Stockbroker signs up cement-maker ahead of AIB deal completion https://www.irishtimes.com/business/markets/goodbody-adds-crh-to-client-list-1.4616276?mode=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 * 

 

• Sisk develops digital twin for buildings to monitor their health: The move is part of the construction firm’s €5 million investment in technology to provide aftercare service on projects https://www.businesspost.ie/tech/sisk-develops-digital-twin-for-buildings-to-monitor-their-health-142a4194

 

• Building solutions innovator Etex has announced the acquisition of Horizon Offsite. This acquisition follows closely on the group’s purchase of Cork-based technical consultancy company Evolusion Innovation. It boosts Etex’s ability to deliver offsite building solutions in Ireland and the UK, helping the company’s European modular ambitions https://constructionnews.ie/etex-acquires-horizon-offsite/

 

• Cork firm secures contract for hi-tech Dubai building  https://www.irishexaminer.com/business/companies/arid-40330682.html

 

• Despite the hype, construction tech will be hard to disrupt – Success in construction tech will come down to proving the need for the technology, delivering immediate ROI, and ensuring workers know how to use it on the first try. https://techcrunch.com/2021/07/09/despite-the-hype-construction-tech-will-be-hard-to-disrupt/ 

 

• Veteran agent’s new role “to make house buying less bureaucratic: Veteran agent and property consultant Dominic Grace, who recently left Savills after 37 years, is to take up a new role at PropTech firm Meet Parker https://www.estateagenttoday.co.uk/breaking-news/2021/7/veteran-agents-proptech-role-to-make-house-buying-less-bureaucratic

 

• Payments and lettings platform integration is a sector-first – The Negotiator https://thenegotiator.co.uk/payments-and-lettings-platform-integration-is-a-sector-first/

 

• Video: tips for agents – from 3D capturing to old-school estate agency https://www.estateagenttoday.co.uk/features/2021/7/video-tips-for-agents–from-3d-capturing-to-old-school-estate-agency

 

• PropTech Today – Why has overhaul of buying and selling still not happened? https://www.estateagenttoday.co.uk/breaking-news/2021/7/proptech-today–why-has-overhaul-of-the-buying-and-selling-process-still-not-happened

 

• What’s Holding PropTech Back? | Propmodo https://www.propmodo.com/whats-holding-proptech-back/

 

• Digital Payment Demand Drives PropTech Upgrade  https://www.pymnts.com/news/b2b-payments/2021/demand-digital-payments-drives-multifamily-proptech-upgrade/

 

• The proptech start up making a moove into the student housing market – Business Live https://www.business-live.co.uk/enterprise/startups/proptech-start-up-making-moove-21012882

 

• Revolutionary tech platform slashes time taken to sell a home:  Coadjute, the long-awaited real-time network which uses Blockchain technology to sell a property, is launched today with its first property deal on the network https://www.estateagenttoday.co.uk/breaking-news/2021/7/launched-today–proptech-platform-aims-to-halve-time-taken-to-sell-a-home?source=newsticker

 

• What does a ‘standard’ term sheet look like in Europe? https://sifted.eu/articles/term-sheets-europe/

 

• PropTech 3.0 and beyond – the future of property investment https://www.propertyinvestortoday.co.uk/breaking-news/2021/7/proptech-3-0-and-beyond–the-future-of-property-investment?source=newsticker

 

• PropTech startup Bllink raises $1.6 million led by Wix executives | Ctech https://www.calcalistech.com/ctech/articles/0,7340,L-3911934,00.html

 

• This under-the-radar firm is using its decades-long legacy to profit from the PropTech boom… – Value the Markets https://www.valuethemarkets.com/2021/07/07/this-under-the-radar-firm-is-using-its-decades-long-legacy-to-profit-from-the-proptech-boom/

 

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• *INSTITUTIONAL funds are said to be playing a role in Ireland’s housing market, but what impact are they having? [*incorrect terminology removed] https://www.thejournal.ie/cuckoo-funds-explainer-2-5489546-Jul2021/?amp=1

 

• Darragh O’Brien left floundering amid mystery of the *INSTITUTIONAL INVESTOR [*incorrect terminology removed]: Sarah McInerney eats up Minister without salt as Dáil left to ponder who is turning off a housing tap https://www.irishtimes.com/news/politics/miriam-lord-darragh-o-brien-left-floundering-amid-mystery-of-the-cuckoo-1.4614350?mode=amp

 

• We are not incentivising *INVESTMENT funds, insists housing minister https://www.irishexaminer.com/news/arid-40331537.html

 

• Alpha Real Capital in €21m deal for Dublin social housing portfolio: UK investor selected as preferred bidder for 60 homes in north, west and south suburbs https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/alpha-real-capital-in-21m-deal-for-dublin-social-housing-portfolio-1.4612949?mode=amp

 

• More than 2,000 unsold affordable housing units still on council books: Units delivered prior to economic crash have cost State €86m in debt-servicing costs https://www.irishtimes.com/business/economy/more-than-2-000-unsold-affordable-housing-units-still-on-council-books-1.4614096?mode=amp

 

• Fire defects at Park West apartments to cost €5m to fix: Crescent Building in Dublin 12 comprises 10 blocks of 257 apartments built in 2003 https://www.irishtimes.com/news/ireland/irish-news/fire-defects-at-park-west-apartments-to-cost-5m-to-fix-1.4615303?mode=amp

 

• State plan to lease 2,400 homes from funds is set to cost almost €1 billion: New records show the government has little or no idea of the scale of activity being engaged in by institutional funds in this country https://www.businesspost.ie/houses/state-plan-to-lease-2400-homes-from-funds-is-set-to-cost-almost-eur1-billion-3704765b

 

• The Irish don’t have an obsession with property, the market just doesn’t work: Quaint to think Ireland’s history of land eviction having effect on first-time buyers now https://www.irishtimes.com/business/economy/the-irish-don-t-have-an-obsession-with-property-the-market-just-doesn-t-work-1.4611242?mode=amp

 

• President Micheal D Higgins signs new rent increase cap into law https://extra.ie/2021/07/10/property/new-rent-increase-cap-law/amp

 

• “We have to do something radically different. This could provide hope to Generation Rent and ‘Generation stuck at home’ that their country wants them, values them, and is giving them a future here” https://www.irishexaminer.com/opinion/commentanalysis/arid-40327922.html?type=amp

 

 

• What happens when Generation Rent grows old? As buying a home becomes increasingly difficult, renters face challenges in retirement https://www.irishtimes.com/life-and-style/homes-and-property/what-happens-when-generation-rent-grows-old-1.4609735?mode=amp

 

• Calling Generation Rent: Would you be happy renting for the rest of your life? Share your story: Tell us how you think the property market will affect your future https://www.irishtimes.com/life-and-style/homes-and-property/calling-generation-rent-would-you-be-happy-renting-for-the-rest-of-your-life-1.4611953?mode=amp

 

• BidX1 targets €25m goal from upcoming sale of 130 properties  | Business Post https://www.businesspost.ie/commercial/bidx1-targets-eur25m-goal-from-upcoming-sale-of-130-properties-be259db9

 

• Here is how to show and sell your house to potential buyers: Your guide to showcasing your property — with insider tips to help you stage your home  for that all-important walk-through https://www.irishexaminer.com/property/homeandoutdoors/arid-40324358.html?type=amp

 

• Irish market to see return of home reversion scheme for cash-strapped seniors: Company trading as Home Plus says it has lined up €250m in funding https://www.irishtimes.com/business/financial-services/irish-market-to-see-return-of-home-reversion-scheme-for-cash-strapped-seniors-1.4611427?mode=amp

 

• Security experts warn criminals may use Ireland’s housing crisis as a way to launder their dirty cash: SAR Consultancy said property ownership provides a veneer of respectability and legitimacy for illegal operations https://www.dublinlive.ie/news/dublin-news/criminals-launder-ireland-housing-crisis-21018542.amp

 

• Three fifths of Irish homes need major retrofit to improve energy efficiency https://www.irishexaminer.com/news/arid-40330883.html

 

• New homes in Limerick housing estates sell out in just a day https://www.limerickleader.ie/news/home/647596/new-homes-in-limerick-housing-estates-sell-out-in-just-a-day.html

 

• Impressively Refurbished Cluster Of Country Cottages In Co Westmeath https://extra.ie/2021/07/05/property/impressively-refurbished-cluster-cottages-westmeath/amp

 

• Kildare properties on sale online with Leinster Property Auctions https://www.leinsterleader.ie/news/home/646380/kildare-properties-on-sale-online-with-leinster-property-auctions.html

 

• Naas apartments won’t be leased by Kildare County Council https://www.kildarenow.com/news/home/648038/naas-apartments-won-t-be-leased-by-kildare-county-council.html

 

• Ireland’s coolest new houses: The 2021 Irish Architecture Awards https://www.irishtimes.com/life-and-style/homes-and-property/ireland-s-coolest-new-houses-the-2021-irish-architecture-awards-1.4613314?mode=amp

 

• How to create a luxury hotel-style haven at home: Inspired by your staycation accommodation? Here we have some easy ideas to give your own rooms the luxe factor https://www.irishexaminer.com/property/homeandoutdoors/arid-40333625.html?type=amp  

 

 

 

COMMERCIAL PROPERTY NEWS

 

• Ireland Commercial Property Investment Predicted to Hit €4 Billion in 2021 https://www.worldpropertyjournal.com/real-estate-news/ireland/dublin/ireland-real-estate-news-ireland-commercial-property-investment-report-for-2021-dublin-commercial-real-estate-transactions-in-2021-hannah-dwyer-jll-12611.php

 

• Almost €1.5bn invested in commercial real estate in Q2: Figure brings six-month total for year so far to €2.7bn, a 59 per cent rise on same period in 2020 https://www.businesspost.ie/commercial/almost-eur15bn-invested-in-commercial-real-estate-in-q2-e31f1465

 

• The Irish Times view on data centres: public needs must come first https://www.irishtimes.com/opinion/editorial/the-irish-times-view-on-data-centres-public-needs-must-come-first-1.4614329?mode=amp

 

• Industry group representing 2,000 retailers will on Wednesday tell TDs and senators that landlords must give shop owners a 50 per cent rent “amnesty” for the first four months of the year https://amp.rte.ie/amp/1233499/

 

• Office space for up to 30,000 workers being added this year: Reports on the demise of the office may be overstated, new reports indicates https://www.irishtimes.com/business/work/office-space-for-up-to-30-000-workers-being-added-this-year-1.4614928?mode=amp

 

• CBRE: Continued Momentum in the Dublin Industrial & Logistics Sector

https://www.irishrealestate.news/continued-momentum-in-the-dublin-industrial-logistics-sector/

 

• Facebook has been given first refusal on the purchase of part of its European headquarters in Dublin. The social media giant is believed to have until this week to decide if it wants to buy four blocks at the former AIB Bankcentre campus in Ballsbridge. https://www.thetimes.co.uk/article/facebook-weighs-up-purchase-of-dublin-campus-qnhg3trnm

 

• Lululemon signs 10-year lease on flagship Grafton Street store: Canadian athleisure brand to pay €400,000 in rent for former Pamela Scott premises https://www.irishtimes.com/business/commercial-property/lululemon-signs-10-year-lease-on-flagship-grafton-street-store-1.4613040?mode=amp

 

• Colony Capital eyes €120m in sales as retreat from Ireland continues: Quanta Capital buys 23 Shelbourne Road as MM Capital closes in on Donnybrook House https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/colony-capital-eyes-120m-in-sales-as-retreat-from-ireland-continues-1.4613157?mode=amp

 

• Rohan Holdings secures latest tenant at North City Business Park: Developer pre-lets 25,000sq ft warehouse to US pharma giant Bio-Techne Corporation https://www-irishtimes-com.cdn.ampproject.org/c/s/www.irishtimes.com/business/commercial-property/rohan-holdings-secures-latest-tenant-at-north-city-business-park-1.4612227?mode=amp

 

• McCann Dublin Relocates to New HQ in the Heart of the Liberties – AdWorld.ie https://www.adworld.ie/2021/07/09/mccann-dublin-relocates-to-new-hq-in-the-heart-of-the-liberties/

 

• Irish pubs closed: Big changes for Dublin as iconic bar to transform into town hotel: It has been a family operated Dublin pub serving the community for over four decades https://www.dublinlive.ie/news/dublin-news/irish-pubs-closed-big-changes-20987726

 

• Pair of pubs for sale in Dublin and Offaly: Famous Hill 16 pub in capital is guiding more than €2.25m, while former William Street Bar & Eatery in Tullamore is on sale for offers above €600,000 https://www.businesspost.ie/commercial/pair-of-pubs-for-sale-in-dublin-and-offaly-af494b8f

 

• THE LANDMARK Cuckoo’s Nest is under new ownership following the recent sale of the famous establishment in a deal believed to be in the region of €1.2 million. https://www.echo.ie/news/article/landmark-cuckoo-s-nest-sold-again-in-1-2m-deal

 

• Pick of the crop as Apple vacates Cork tech offices: Apple research employees had been based at Cork Business & Technology Park: the company’s 6,000 Cork employees are now at  Cork’s Hollyhill HQ, and in the city centre at Horgan’s Quay and Half Moon Street  https://www.irishexaminer.com/property/commercial/arid-40331735.html

 

• UK retailer The Range to open in Tralee | RadioKerry.ie https://www.radiokerry.ie/news/uk-retailer-the-range-to-open-in-tralee-242523

 

• Office and warehouse unit in Naas for €695,000: High-end Unit No1 in industrial estate extends to 613 square metres and comes with 16 car spaces https://www.businesspost.ie/commercial/office-and-warehouse-unit-in-naas-for-eur695000-c4223de5

 

 

INTERNATIONAL PROPERTY NEWS

• Four years after the Grenfell Tower fire and three years after the Hackitt Review, parliament is finally setting out to consider the necessary reform of UK building regulations https://www.theconstructionindex.co.uk/news/view/building-safety-bill-finally-starts-its-passage

 

• John Lewis to build and furnish their own rental properties https://www.lettingagenttoday.co.uk/breaking-news/2021/7/john-lewis-to-build-and-furnish-their-own-rental-properties

 

• Self-healing concrete goes on sale in the UK https://www.constructionenquirer.com/2021/07/06/self-healing-concrete-goes-on-sale-in-the-uk/

 

• Housing boom takes Persimmon sales past pre-pandemic levels https://www.theguardian.com/business/2021/jul/08/housing-boom-takes-persimmon-sales-past-pre-pandemic-levels

 

• Commercial landlords improve rent collection https://www.thetimes.co.uk/article/commercial-landlords-improve-rent-collection-vwtk0gbjv

 

• 10 dreamy Scandinavian summer cottages https://www.myscandinavianhome.com/2021/07/10-dreamy-scandinavian-summer-cottages.html?m=1

 

 

FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

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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/