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: 

• Property District has teamed up with Hear Me Roar Media and award-winning TikTok agency Nonsensical to deliver groundbreaking campaigns for Ireland-based construction and real estate companies. Contact amey@propertydistrict.ie 

 

• Local authorities should get construction companies to tackle housing crisis, says economist: Dr Anthony Leddin argues current approach is not financially sustainable  https://www.irishtimes.com/business/2022/09/18/local-authorities-should-get-construction-companies-to-tackle-housing-crisis-says-economist/

 

• Dysfunctional housing policy is failing a generation of renters: Economist Victor Duggan looks at the rental policy failures that have brought us to the current crisis.  https://www.thejournal.ie/readme/rental-market-budget-2023-5866794-Sep2022/

 

• The number of tenants being supported after receiving eviction notices each month by the housing charity Threshold has risen by 75% since 2019.  https://www.irishexaminer.com/news/arid-40964684.html

 

• Landlords fleeing rental market due to ban on rent hikes, committee hears: ‘There is no confidence and stability in the market. It is dysfunctional, it is constantly changing. There is nothing there to keep landlords in the market’  https://www.irishtimes.com/politics/2022/09/20/landlords-fleeing-rental-market-due-to-ban-on-rent-hikes-committee-hears/

 

• Number of home mortgages in arrears for over 10 years remains high: Vulture funds control almost three quarters of all residential mortgages in some sort of arrears for more than a year  https://www.irishexaminer.com/business/economy/arid-40964711.html

 

• What’s on the Budget wish list for the property industry? https://m.independent.ie/business/commercial-property/whats-on-the-budget-wish-list-for-the-property-industry-42008039.html

 

• Kennedy Wilson Commits To Social Entrepreneur Funding  https://businessplus.ie/sme/kennedy-wilson-sei-impact-progamme/

 

• How excess heat from one data centre will warm Dublin offices within weeks  https://m.independent.ie/news/environment/how-excess-heat-from-one-data-centre-will-warm-dublin-offices-within-weeks-41999147.html

 

• Sinn Féin alternative budget calls for ‘sea change’ in housing policy: Party proposes measures to discourage development of aparthotels or luxury rentals  https://www.irishtimes.com/ireland/housing-planning/2022/09/19/sinn-fein-alternative-budget-calls-for-sea-change-in-housing-policy/

If you missed last week’s round-up, you can catch up here: https://propertydistrict.ie/sunday-roundup/  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

What started as #PropertyMatters, a single 60-minute show on Dublin South FM 93.9FM every Tuesday night, has now evolved into an online station hosting the very best construction, urban planning, property and proptech radio shows and podcasts from around the world. Our new website – produced by Hear Me Roar Media – offers audiences live and recorded access to global built environment content. To have your industry podcast included in the iPropertyRadio line-up, or to contribute as a guest on any of In the iPropertyRadio.com Proptech Hot seat today ZiggyTec founder Peter Murphy discusses the role of IoT data in building sustainability. Founded in 2018 ZiggyTec helps clients to make their workplaces smarter, safer and more sustainable by giving them access to accurate, reliable and consistent data via a personalised, cloud-based portal. The team recently secured backing of €2.5 million from a group of strategic investors.  Produced by Hear Me Roar Media Watch back: https://youtu.be/gbl2i1io8x8      Listen back: https://ipropertyradio.com 

PLACEMAKING

OPEN PUBLIC CONSULTATIONS AND COMMUNITY ENGAGEMENT

• Local TD says An Bord Pleanala “letting down ordinary people” for years  https://connachttribune.ie/local-td-says-an-bord-pleanala-letting-down-ordinary-people-for-years/

 

• Standoff between north Dublin community and local priest over access to parish hall in Drumcondra: Archdiocese says fire safety experts found the hall a fire-safety risk and that it was unsuitable for childcare  https://www.irishtimes.com/ireland/social-affairs/2022/09/19/standoff-between-north-dublin-community-and-local-priest-over-access-to-parish-hall-in-drumcondra/

 

• Galway City Ring Road has cost more than €21 million to date  https://connachttribune.ie/galway-city-ring-road-has-cost-more-than-e21-million-to-date/

 

• Barna and Knocknacarra locals invited to promote Irish language  https://connachttribune.ie/barna-and-knocknacarra-locals-invited-to-promote-irish-language/

 

• Crunch vote to take place on future of Kerry courthouse: A proposal to build a new courthouse is “not what the people of Tralee want”, but the Kerry Law Society has said that rejecting the move would be “an unmitigated disaster for the county”.  https://www.irishexaminer.com/news/munster/arid-40964066.html

 

• Mayo Land League cottage was built 142 years ago  https://www.con-telegraph.ie/2022/09/17/mayo-land-league-cottage-was-built-142-years-ago/

 

• Is Fixing City Sidewalks Feasible for Future Cities?  https://www.archdaily.com/989159/is-fixing-city-sidewalks-feasible-for-future-cities

 

• Open House Dublin invites you to explore the city and county with over 150 free events https://www.breakingnews.ie/advertising-feature/open-house-dublin-invites-you-to-explore-the-city-and-county-with-over-150-free-events-1366876.html

 

 

• Meath couple whose house was due to be demolished secure temporary reprieve: Property was built without planning permission more than 15 years ago  https://www.irishtimes.com/crime-law/courts/2022/09/24/meath-couple-whose-house-was-due-to-be-demolished-secure-temporary-reprieve/

 

• Why Home Design Magazine ‘Dwell’ Got into Making Houses: The Dwell House sees the publisher put its design expertise to use on a scale like never before.  https://www.gearpatrol.com/home/a41319580/dwell-house/

 

CONSTRUCTION & DEVELOPMENT NEWS

• Cabinet agrees to activate stalled planning permissions  https://www.rte.ie/news/2022/0920/1324530-housing-planning-permissions/

 

• Planning to be lodged for 245-bedroom nine storey hotel at Arnotts in Dublin: The plans are set to be submitted in the coming days. https://www.thejournal.ie/plans-to-be-lodged-hotel-arnotts-5870679-Sep2022/

 

• Glenveagh Homes has sold a forthcoming development in Blackrock, Co Dublin to German investment fund Union Investment.  https://m.independent.ie/business/irish/glenveagh-closes-blackrock-deal-with-german-cuckoo-fund-41999661.html

 

• Dominican Fathers seek €3.25m from sale of Montenotte estate: Substantial 39-bedroom Georgian residence on 24.7-acre estate built on behalf of Cork merchant family, the Leycesters, in 1824  https://www.irishtimes.com/property/commercial-property/2022/09/21/dominican-fathers-seek-325m-from-sale-of-montenotte-estate/

 

• Almost thirty family homes refused in East Cork as council says site could flood: The issue wasn’t the only one raised during the planning process, with the Department of Transport also calling the application ‘at variance with official planning policy’https://www.corkbeo.ie/news/property/almost-thirty-family-homes-refused-25054788

 

• Refusal for plans to extend housing estate in Tuam  https://connachttribune.ie/refusal-for-plans-to-extend-housing-estate-in-tuam/amp/

 

• Plans for 300 homes, office blocks and hotel on Tuam road rejected by An Bord Pleanala  https://galwaybayfm.ie/galway-bay-fm-news-desk/plans-for-300-homes-office-blocks-and-hotel-on-tuam-road-rejected-by-an-bord-pleanala/

 

• University of Limerick reveals timeframe for its city centre masterplan  https://www.limerickleader.ie/news/home/916259/university-of-limerick-reveals-timeframe-for-its-city-centre-masterplan.html

 

• Plan to build staff accommodation at Powerscourt Hotel is appealed to An Bord Pleanála  https://m.independent.ie/regionals/wicklow/news/plan-to-build-staff-accommodation-at-powerscourt-hotel-is-appealed-to-an-bord-pleanala-42003225.html

 

• Westmeath councillors approve development of Ireland’s largest film studio in Mullingar: Hammerlake Studios will boast 460,000sq ft of studio space and an estimated minimum 1,000 jobs, according to its developers  https://www.irishtimes.com/ireland/2022/09/19/westmeath-councillors-approve-development-of-irelands-largest-film-studio-in-mullingar/ 

 

• An Bord Pleanála approves €20 million film studio for Wexford  https://www.breakingnews.ie/amp/ireland/an-bord-pleanala-approves-e20-million-film-studio-for-wexford-1366638.html

 

• Leading Australian construction company seeks Donegal workers  https://www.donegaldaily.com/2022/09/18/leading-australian-construction-company-seeks-donegal-workers/

 

• Cairn: a housing boom play a stone’s throw away – This Irish housebuilder has laid the groundwork for a big step up in income generation  https://www.investorschronicle.co.uk/ideas/2022/09/22/cairn-a-housing-boom-play-a-stone-s-throw-away/

• Housing crisis: Dire warnings as ministers told Housing For All plan is falling short of key targets: Plan for constructing social and affordable housing is ‘not currently on track’  https://m.independent.ie/irish-news/housing-crisis-dire-warnings-as-ministers-told-housing-for-all-plan-is-falling-short-of-key-targets-42011153.html

 

• Builders frustrated as a need is a must: A planning assessment tool used by councils has been blamed for a lack of homes https://www.thetimes.co.uk/article/builders-frustrated-as-a-need-is-a-must-ddhgr96fg

 

• Planning permission refused for seven story ‘build-to-rent’ senior living scheme in Ringsend: Over 65 objections were lodged against the 30 unit scheme. https://www.thejournal.ie/planning-permission-refused-build-to-rent-ringsend-5875087-Sep2022/

 

• BAM Ireland reports pre-tax profit of €10.7m for 2021  https://www.rte.ie/news/business/2022/0922/1324916-bam-ireland-reports-pre-tax-profit-of-10-7m-for-2021/

 

• Work at Intel’s massive construction site in Leixlip, Co Kildare has been “stood down” after a man was injured in a workplace accident in the early hours of this morning.  https://m.sundayworld.com/news/breaking-news/work-suspended-at-intel-construction-site-in-leixlip-after-man-30s-is-injured-in-accident/1719096341.html

 

• County planners have given the green light for an expansion of Coen Steel in Oranmore. The plan will see the construction of an 889Sqm extension to the existing light industrial unit at Deerpark industrial estate.  https://galwaybayfm.ie/galway-bay-fm-news-desk/green-light-given-for-expansion-of-coen-steel-in-oranmore/

 

• Architecture programmes for young people to try now Interested in architecture, but not sure where to begin? Here are opportunities for young people and emerging professionals to help give you that crucial start https://www.wallpaper.com/architecture/opportunities-for-young-people-architecture-programmes

 

• Cork GAA is suing the builder and engineering firm behind the redevelopment of Pairc Ui Chaoimh  https://www.thetimes.co.uk/article/cork-gaa-sues-building-firm-over-negligence-at-pairc-ui-chaoimh-cchcnszt2

 

• Revealed: Plans for landmark hotel site in Limerick  https://www.limerickleader.ie/news/home/919111/revealed-plans-for-site-of-landmark-hotel-in-limerick.html

 

PROPTECH, ESG, MMC & CONSTRUCTION INNOVATION

 

• Proptech Ireland is updating the database of 2022 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: *https://prop-tech.ie/register/ * and email product or service details to hello@prop-tech.ie

 

• Proptech Ireland: Ireland’s CONSTRUCTION and REAL ESTATE ESG technologies resource hub. Confused about how and where to start on your ESG journey? Contact us 👉https://prop-tech.ie

 

• Irish tech SMEs urged to join The Innovation Exchange to collaborate with leading multinationals  https://theinnovationexchange.ie/irish-tech-smes-urged-to-join-the-innovation-exchange-to-collaborate-with-leading-multinational-corporations/

 

• Thirteen years after expat Irish tech entrepreneur David Walsh arrived back in Australia to rebuild his life after the global financial crisis left him almost broke, his rapidly expanding property tech firm CIM has closed a funding round that values it at almost $100 million https://www.afr.com/technology/entrepreneur-turns-his-desperation-day-job-into-a-100m-hot-property-20220916-p5bion

 

• Brelyon is turning heads with immersive virtual monitors  https://techcrunch.com/2022/09/19/brelyon-series-a/

 

• Iconic Co Louth shopping centre brought back to life thanks to AI technology  https://m.independent.ie/regionals/louth/news/iconic-co-louth-shopping-centre-brought-back-to-life-thanks-to-ai-technology-42000463.html

 

• How can augmented reality in construction deliver on the long-overdue change? https://www.pbctoday.co.uk/news/featured/how-can-augmented-reality-in-construction-deliver-on-the-long-overdue-change/115748/

 

• Bentley Systems Announces the Finalists in the 2022 Going Digital Awards in Infrastructure  https://www.automation.com/en-us/articles/september-2022/bentley-systems-finalists-2022-going-digital-award

 

• ‘Time for action’ | Autodesk under fire from Nordic architects | PlaceTech  https://placetech.net/news/time-for-action-autodesk-under-fire-from-nordic-architects/

 

• WZMH Develops Modular System to Save Partially or Fully Destroyed Structures  https://www.archdaily.com/989207/wzmh-develops-modular-system-to-save-partially-or-fully-destroyed-structures

 

• Meet the Waterloo startup that wants to upend the construction industry: The Bio-Brick functions like any masonry on the market, but without all the negative environmental impacts  https://www.therecord.com/news/waterloo-region/2022/09/19/meet-the-waterloo-startup-that-wants-to-upend-the-construction-industry.html

 

• ecoworks rakes in €7.7 million to boost carbon-free retrofitting for housing: The Berlin-based modular carbon-neutral housing retrofit startup designs façade and roof elements that can be built around existing buildings as a second skin  https://tech.eu/2022/06/02/ecoworks-rakes-in-eur77-million-to-boost-carbon-free-retrofitting-for-housing/

 

• Brigade REAP is looking to invest in 5 PropTech startups every year https://yourstory.com/2022/09/brigade-reap-invests-5-proptech-startups-every-year/amp

 

• The 21 Most Promising Proptech Startups of 2022, According to VCs https://www.businessinsider.com/real-estate-promising-proptech-startups-investors-vcs-2022-9?r=US&IR=T

• Irish-founded CIM to bolster Cork base  https://m.independent.ie/business/irish/irish-founded-cim-to-bolster-cork-base-42013550.html

 

• Payapps and Autodesk collaborate to automate construction payment management  https://www.pbctoday.co.uk/news/digital-construction/construction-technology-news/payapps-and-autodesk-collaborate-to-automate-construction-payment-management/115844/

 

• City & Docklands and Unlatch – a PropTech partnership that actually solves big problems  https://www.propertyinvestortoday.co.uk/breaking-news/2022/9/city–and–docklands-and-unlatched–a-proptech-partnership-that-actually-solves-big-problems?source=newsticker

 

• Spain-based hybrid realtor Housfy looks to Italy   https://aimgroup.com/2022/09/23/spain-based-hybrid-realtor-housfy-looks-to-italy/

 

• Arize executive talks about smart apartments in the multifamily industry: He touched on amenities as a service in smart apartments, smart devices offering risk mitigation and driving NOI  https://finledger.com/articles/arize-executive-talks-about-smart-apartments-in-the-multifamily-industry/

 

• Evernest, the world’s largest proptech company, has begun its international expansion, in Madrid  https://list23.com/1071614-evernest-the-world-s-largest-proptech-company-has-begun-its-international-expansion-in-madrid/

 

• Over 260 of the most promising startups of 2022 in edtech, fintech, crypto, proptech and more, according to VCs  https://www.businessinsider.com/the-most-promising-startups-of-2022-according-to-vcs-2022-9

 

CLIMATE & ENVIRONMENT

• ‘First of its kind’: Landsec and Schneider Electric team up to develop pioneering net zero office  https://www.businessgreen.com/news/4056553/landsec-schneider-electric-team-develop-net-zero-office-south-london

 

• How Can We Engage Stakeholders in Circular Construction?  https://www.azobuild.com/amp/article.aspx?ArticleID=8566

 

• Irish people want more forests but not as a reason to produce more timber: Places for wildlife, relaxation and recreation topped the survey  https://www.irishexaminer.com/farming/arid-40964462.html

 

• Call to reopen windfarm to benefit local community projects  https://connachttribune.ie/call-to-reopen-windfarm-to-benefit-local-community-projects/

 

• Development of LNG facilities among options included in report on Ireland’s energy security: The options were included in a technical report on how to secure Ireland’s energy supply between now and 2030.  https://www.thejournal.ie/report-on-irelands-energy-security-to-recommend-development-of-gas-storage-and-lng-facilities-5869955-Sep2022/

 

• We badly need the kind of political courage that delivered the Shannon Scheme: The current energy crisis requires the political will that delivered the Ardnacrusha hydroelectric scheme almost a century ago  https://www.irishexaminer.com/opinion/commentanalysis/arid-40964912.html

 

• Killybegs could be construction hub for offshore wind farms  https://www.donegaldaily.com/2022/09/21/killybegs-could-be-construction-hub-for-offshore-wind-farms/amp/

 

• UK law firm TLT is embarking on a new project to identify how climate-aligned contract clauses can be used in built environment projects to combat climate change throughout the entire lifecycle of a building.  https://www.irishlegal.com/articles/tlt-wins-property-decarbonisation-project-brief

 

• Is this the end for bricks?  https://www.bdonline.co.uk/is-this-the-end-for-bricks/5119254.article

 

• Challenge of building towards a more sustainable future  https://www.rte.ie/news/2022/0924/1325014-climate-heroes-sustainable-buildings/

 

• Not-so-smart meters: How some new smart plans have customers paying more, not less, for energy bills: Regulator probes usage tariffs set-up amid wave of energy hikes  https://m.independent.ie/business/personal-finance/not-so-smart-meters-how-some-new-smart-plans-have-customers-paying-more-not-less-for-energy-bills-42013780.html

 

• Wholesale electricity prices rise by 45.1% from July: The soaring cost of electricity comes as consumers face a growing cost of living crisis and fears of further hikes in their energy bills this winter  https://www.irishexaminer.com/business/economy/arid-40967810.html

 

• Shell withdraws from major Irish offshore wind projects – The unexpected move by the multinational energy behemoth could damage Ireland’s ambition to achieve an 80 per cent cut in energy emissions https://www.businesspost.ie/news/exclusive-shell-withdraws-from-major-irish-offshore-wind-projects/

 

RESIDENTIAL PROPERTY NEWS (including PRS)

• How to make your new home more affordable: Three ways the Government will help – Check your eligibility for the help-to-buy incentive, the first-home scheme or a local-authority loan  https://www.irishtimes.com/property/residential/2022/09/22/how-to-make-your-new-home-more-affordable-three-ways-the-government-will-help/

 

• Casting call issued for new TV series about trying to buy a home in Ireland  https://www.joe.ie/amp/news/buying-home-ireland-new-tv-series-casting-call-virgin-media-755502

 

• New homes in Dublin: Apartments and houses from Lad Lane to Lusk: Forthcoming developments, and new phases of existing schemes, in the north, south and west of the city, as well as within the city limits  https://www.irishtimes.com/property/residential/2022/09/22/new-homes-in-dublin-apartments-and-houses-from-lad-lane-to-lusk/

 

• Rent watchdog ‘not fit for purpose’ as tenants and landlords wait for compensation  https://m.independent.ie/irish-news/news/rent-watchdog-not-fit-for-purpose-as-tenants-and-landlords-wait-for-compensation-tds-told-42004873.html

 

• Half of the properties Trinity College SU has received to advertise have not met college’s guidelines  https://extra.ie/2022/09/18/news/irish-news/trinity-accommodation

 

• Councils to offer serviced sites at reduced rates to would-be home builders https://www.irishexaminer.com/news/arid-40965941.html

 

• More than 1,000 applications lodged for new first home support scheme: The Minister for Housing said that many people seeking help from the scheme were renters “stuck in a rental trap”.  https://www.thejournal.ie/first-home-scheme-ploughing-5872110-Sep2022/

 

• Short-term rental bookings hit by lack of clarity over new rules  https://www.irishexaminer.com/news/arid-40964882.html

 

• Landlord ordered to pay family €3,000 for refusing to accept HAP  https://www.independent.ie/irish-news/courts/landlord-ordered-to-pay-family-3000-for-refusing-to-accept-hap-42004257.html

 

• Older houses with lowest energy ratings consumed 60% more electricity in 2021 – CSO  https://www.breakingnews.ie/ireland/older-houses-with-lowest-energy-ratings-consumed-60-more-electricity-in-2021-cso-1365691.html

 

• Bank of Ireland is tightening its mortgage lending rules as the European Central Bank starts to ramp up rates in the face of the highest inflation in nearly 40 years.  https://businessplus.ie/news/bank-of-ireland-rules/

 

• Westmeath Councillors Reject 10% Increase in Local Property Tax  https://www.midlands103.com/news/midlands-news/westmeath-councillors-reject-10-increase-in-local-property-tax/

 

• Study reveals almost 20% of houses in Clare are empty: The report found that there is a “crisis in all types of housing in Clare – social, rental and privately owned” https://www.irishexaminer.com/news/munster/arid-40964939.html

• Homeless crisis worse than official figures show: 290,000 adults now sleeping on sofas or staying with friends: Simon Communities say one in four of us knows someone who lacks a home  https://m.independent.ie/irish-news/news/homeless-crisis-worse-than-official-figures-show-290000-adults-now-sleeping-on-sofas-or-staying-with-friends-42015014.html

 

• Housing First is an overwhelmingly successful approach to providing a stable home and supports to people sleeping rough; this case is incredibly tragic and if lessons can be learned, let’s learn them.  https://www.irishtimes.com/ireland/social-affairs/2022/09/24/after-kevin-barry-house-killing-where-now-for-housing-first-policy-to-move-people-off-streets/

 

• Investors shelled out almost €1bn on second-hand Irish homes in 2021: Institutional investors and real estate firms snapped up one in ten second-hand homes in this country, amounting to more than 4,500 properties  https://www.businesspost.ie/news/investors-shelled-out-almost-e1bn-on-second-hand-irish-homes-in-2021/

 

• In Dublin, there were just 73 homes to rent for under €2k. In Paris there were 4,000: The French Embassy in Dublin has issued an alert about Ireland’s ‘severe housing crisis’ https://www.irishtimes.com/life-style/2022/09/24/french-embassy-warning-on-irish-rental-market-came-too-late-for-scammed-student-from-rennes/

 

• House price growth in Dublin slows significantly amid increased supply and higher interest rates  https://www.irishtimes.com/business/economy/2022/09/24/house-price-growth-in-dublin-slows-significantly-amid-increased-supply-and-higher-interest-rates/

 

• The ‘Ireland is crap’ brigade are way off mark but we need to sort the housing crisis: Levels of income inequality between top earners and bottom earners are far better than UK and on par with other EU countries  https://www.irishtimes.com/opinion/2022/09/24/david-mcwilliams-the-ireland-is-crap-brigade-are-way-off-the-mark-but-we-need-to-sort-the-housing-crisis/

 

• Open House: A city centre home transformed – It took an architect’s eye to make this inner-city artisan cottage work for its owners while not enlarging its original footprint or undoing its evolution  https://www.thetimes.co.uk/article/building-on-an-urban-legacy-3g8z68phs

 

• New Cork affordable housing scheme opens for applicants on Tuesday at noon: A similar scheme in Glanmire drew nearly a 1,000 applications in just under 48 hours for 32 homes and huge numbers of house hunters are expected to turn up  https://www.corkbeo.ie/news/property/new-cork-affordable-housing-scheme-25098799

 

• Directors’ pay at property firm Hooke & MacDonald rises to €3.35m https://m.independent.ie/business/commercial-property/directors-pay-at-property-firm-hooke-and-macdonald-rises-to-335m-42004992.html

 

COMMERCIAL PROPERTY NEWS

• What does the change in financing rates mean for Ireland’s real estate sector? The market has changed dramatically in 2022 as the spectre of inflation hangs over economies globally  https://www.irishtimes.com/property/commercial-property/2022/09/21/what-does-the-change-in-financing-rates-mean-for-irelands-real-estate-sector/

 

• Hibernia Real Estate Group achieves full occupancy at 2 Cumberland Place: Experian signs 10-year lease for second floor while Castlelake Advisors takes space on 15-year term  https://www.irishtimes.com/property/commercial-property/2022/09/21/hibernia-real-estate-group-achieves-full-occupancy-at-2-cumberland-place/

 

• South Korean investor hits pause on €140m sale of Dublin docklands office investment: JR AMC pulls back from disposal of No 2 Dublin Landings as uncertainty roils real estate markets  https://www.irishtimes.com/property/commercial-property/2022/09/21/south-korean-investor-hits-pause-on-140m-sale-of-dublin-docklands-office-investment/

 

• Eagle Street Partners acquires former Ericsson headquarter office for €10.5m: Property investor secures HSE as tenant for Boole House in Clonskeagh following purchase from Beauparc Utilities founder Eamon Waters  https://www.irishtimes.com/property/commercial-property/2022/09/21/eagle-street-partners-acquires-former-ericsson-headquarter-office-for-105m/

 

• Donnybrook Mall at €6.8m offers 6% yield and development potential: Dublin 4 complex generating €450,343 in annual rental income and has positive planning history  https://www.irishtimes.com/property/commercial-property/2022/09/21/donnybrook-mall-at-68m-offers-6-yield-and-development-potential/

 

• New restaurant for rent at lively Dublin city centre location  https://m.independent.ie/business/commercial-property/new-restaurant-for-rent-at-lively-dublin-city-centre-location-42008023.html

 

• International award for JCD Group’s Penrose Dock design by Wilson Architecture: Wilson Architecture-designed  scheme follows 2021 national ‘Best Building of the Year 2022’ award with recognition in the international sphere  https://www.irishexaminer.com/property/commercial/arid-40966697.html

 

• Reconstruction works to take place at former Taaffes building on Shop St  https://galwaybayfm.ie/galway-bay-fm-news-desk/reconstruction-works-to-take-place-at-former-taaffes-building-on-shop-st/

 

• Donald Trump’s Doonbeg golf resort facing legal proceedings from Irish environmental group: The environmental group said it was ‘dealing with an organisation that didn’t seem to be able to admit they had lost’.  https://www.thejournal.ie/donald-trumps-clare-doonbeg-golf-resort-facing-legal-proceedings-from-irish-environmental-group-5870319-Sep2022/

 

• IRISH self-storage company U Store It is preparing to open a major new site in Belfast as part of a multi-million-pound expansion north of the border.  https://www.irishnews.com/business/2022/09/20/news/irish_self_storage_group_in_multi-million_pound_northern_expansion-2830641/

• Four-star Maldron Oranmore Hotel for sale with a guide price of €13m: Galway hotel is on the market with more than 11 years remaining on lease to leading operator Dalata  https://www.irishtimes.com/property/commercial-property/2022/09/21/four-star-maldron-oranmore-hotel-for-sale-with-a-guide-price-of-13m/

 

• New restaurant for rent at lively Dublin city centre location  https://m.independent.ie/business/commercial-property/new-restaurant-for-rent-at-lively-dublin-city-centre-location-42008023.html

 

• British flexi-hotel group to open hotel in Dublin: Kula’s first Irish venture will be run in a warehouse on Little Britain Street to be converted by Gold Tree Group https://www.businesspost.ie/news/british-flexi-hotel-group-to-open-hotel-in-dublin/

 

INTERNATIONAL PROPERTY NEWS

• Five London hotels with eco ambitions  https://www.ft.com/content/b7a44262-c693-4257-92c8-01cc7135d829

 

• King Charles’s endless meddling in architectural politics has accomplished nothing: As Prince of Wales, Charles campaigned for sustainable townscapes. But good intentions are no match for the UK’s profit-driven system  https://www.theguardian.com/commentisfree/2022/sep/21/king-charles-architectural-politics-prince-profit-poundbury-paisley-perspectives

 

• London perspective: Developers in the City must implement sustainable construction practices  https://www.citymatters.london/property-developers-in-the-city-must-implement-sustainable-construction-practices/

 

• Boy George puts his six-bed, five-bath London mansion up for sale for €19m: The 61-year-old singer has owned the Grade II-listed property since the mid-1980s, after Culture Club had their first hit  https://www.irishtimes.com/property/2022/09/22/boy-george-puts-his-six-bed-five-bath-london-mansion-up-for-sale-for-19m/

• Ill-fated Spanish village poised to be destroyed a third time: Settlers who restored abandoned village of Fraguas face prison if they can’t pay €110,000 to demolish it  https://www.theguardian.com/world/2022/sep/24/ill-fated-spanish-village-poised-to-be-destroyed-a-third-time

 

• Queensland to allow granny flats to be rented as urgent fix for housing crisis  https://www.theguardian.com/australia-news/2022/sep/23/queensland-to-allow-granny-flats-to-be-rented-as-urgent-fix-for-housing-crisis 

 

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 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/