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@caroltallon.com.

 

 

(Apologies in advance for any typos, it’s difficult to get good help on a Sunday. Also, I use voice to text dictation so just sound out anything that really doesn’t make sense in a strong rural accent and that should help!)

 

 

SUNDAY LISTEN

 

 

Property Matters: Ireland’s First Weekly Property Radio Show (& Podcast!):

Ireland’s first weekly property radio show, Property Matters, launched In January 2019 on Dublin South FM 93.9 and is now available internationally via iTunes and Spotify podcast (www.iPropertyRadio.com). Seasoned political broadcaster, Bryan Fox, and I (Carol Tallon) team up to deliver 60 minutes of industry chat with guests from the areas of planning, construction, property and proptech. Produced by Katie Tallon of Hear Me Roar Media.

 

In the Property Matters studio this week:

 

PJ Appleton, Global Head of Communications with  Equiem to talk about the challenges of marketing a technology product to a traditional industry like commercial property and what areas of the proptech space will likely see the most growth over the next few years.

 

 

Also, Eddie O’Driscoll of Auctioneera to talk about the residential marketplace in Dublin and Cork, and how the hybrid agency has now more than 100 properties/€30million+ sold (saving vendors close to half a million euro in fees)

 

Listen back to this episode here: https://anchor.fm/ipropertyradio/episodes/Property-Matters–November-5th-2019-e8sa0u

 

 

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

 

Email the Property Matters team at hello@iPropertyRadio.com

 

 

PLACEMAKING

PUBLIC CONSULTATION AND COMMUNITY ENGAGEMENT

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*PLACEengage: The future of speedy, successful placemaking for property developers is here – Property developers and project owners ready Public Consultation are encouraged to contact the PLACEengage team for full details*

 

 

 

 

OTHER PROPERTY NEWS

 

  • The lead industry story in the Sunday Independent (by Sean Pollock) reads that: CIE seeks advisors for 18-acre Heuston Station site sell-off. This is according to documents on the e-Tenders website. The land has the potential to deliver more than 150,000 square metres of residential/commercial property. Agencies have until December 2nd to submit proposals.

 

 

 

 

 

 

 

 

 

 

 

 

  • The lead business story in The Sunday Time last reports that:Starwood Capital, an American property investment group, has scrapped the planned sale of a portfolio of Dublin offices for up to €550m. The group pulled the sale of the so-called Cedar portfolio after a final round of bidding that is understood to have involved Germany’s Union Investment, Blackstone Real Estate and Westridge Real Estate, headed by Irish developer Shane Whelan. Starwood put the portfolio on the market in June, reportedly after receiving an unsolicited approach for the assets from the Irish property investor Iput. The sale was being handled by CBRE.

 

 

  • Henderson Park, a UK property group that last week got clearance to buy Green Reit for €1.34bn, could sell off the Green assets within five years, according to a funder of the deal. Blackstone Mortgage Trust, part of the Blackstone private equity group, is lending €1.2bn to Henderson Park to part-fund the Green takeover. In a conference call with analysts last week, Steve Plavin, president and chief executive of Blackstone Mortgage Trust, said Henderson Park was an “opportunistic” property fund with a “finite” life. Plavin said Henderson Park was likely to sell some of the properties into the “very, very strong Dublin market”.

    https://www.thetimes.co.uk/edition/ireland/green-reit-buyer-henderson-park-mulls-asset-offloads-sdjltl388

 

 

  • Billionaire businessman Larry Goodman is doubling down on plans to reshape Nassau Street in Dublin, with a proposal to demolish the Kildare Street Hotel and replace it with a five-storey office building. The hotel is on the same block as the Setanta Centre, where Goodman already has approval to develop a €100m, eight-storey office property. The Setanta Centre plan is being opposed, however, by the Kilkenny retail group, which has a flagship store in the centre.
    https://www.thetimes.co.uk/article/larry-goodman-beefs-up-plans-to-develop-dublin-s-nassau-street-qhqgwl8f7

 

 

 

 

  • The owners of the Omni Park shopping centre in Santry in north Dublin are advancing plans to build hundreds of apartments and an aparthotel on an adjoining site.

    The Omni Park Shopping Centre Consortium is in consultation with An Bord Pleanala about the project, which would involve demolishing a vacant warehouse to make way for the scheme. It is proposing to build 324 apartments, an 81-bedroom hotel and creche.
    https://www.thetimes.co.uk/article/omni-park-owners-consult-for-housing-scheme-in-santry-fg3cb3xgc

 

 

 

 

 

 

 

 

 

 

 

 

  • Also in the SBP today, latest Hibernia Reit earnings figures are due to be published on Tuesday and Dan O’Brien of Lidan Designs talks about delivering modular buildings from €1,420psm in less than a month.

 

 

  • In the property supplement of The Sunday Business Post, Eithne Dodd  has an excellent feature on BER and the many obstacles to meeting government 2030 energy rating targets and Pat Davitt writes about ‘Why private landlords are upping sticks, despite record rents: A combination of rising taxes, draconian legislation and unruly tenants are forcing landlords out of the market’.  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Dublin City councillors voted to extend an increase in development levies of 6.6% to residential as well as commercial and industrial construction from January 2020.

    “Assistant chief executive Richard Shakespeare said the increase would mean an extra development contribution of up to €600 for an average two-bedroom house.”

    https://www.rte.ie/news/regional/2019/1104/1088669-rezoning-plans-dublin/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

THE AGILE AGENT

 

GETTING IRELAND’S PROPERTY MARKETPLACE DIGITAL BY DEFAULT

 

The Agile Agent is a 12-month digital transformation programme for independent Irish estate agents and auctioneers, which runs from September – August. This programme will be delivered by a multi-disciplinary Irish and UK team and will go beyond proptech adoption to help agents get their industry digital by default.

 

To get involved and for free Proptech Prompts, please

*SIGN UP HERE *

 

 

 

PROPTECH AND CONSTRUCTION INNOVATION

 

 

 

  • From smart design and planning right through to the smart property transaction, where does your Irish-led or Ireland-based #proptech 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 * 

 

 

 

  • European Fintech Investment Surpassed Asia | In proptech, it is Pilabs (17), Seedcamp (10) and GFC (8) that are the most active seed stage investors. For Series A and Series B, it is Atomico (4), Idinvest Partners (4) and Finch Capital (4), while top late-stage proptech investors are Augmentum, Draper Esprit, Goldman Sachs, Israel Growth Partners and Northzone, all recording one proptech investment. https://fintechnews.ch/fintech/european-fintech-investment-surpassed-asia-study/31386/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NEW FACEBOOK GROUP FOR IRISH PROPERTY BUYERS & INVESTORS

 

 

Crowd-sourcing answers topical property questions:    

 

As many of you might know, my annual property book The Irish Property Buyers’ Handbook (since 2011) was rebranded in 2018 and will now appear as part of The Property Insider series, published by Oak Tree Press, the first three titles are now published and available here.

 

From 2019, the publishers and I want to ensure the content remains topical and we are 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/

 

 

 

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