Clonshaugh Road, Dublin 17 CBRE is seeking offers in excess of €5.3m for a sale-and-leaseback retail investment in north Dublin. The property, which is occupied by homeware and DIY brand The Range, offers a buyer the opportunity to secure a NIY of 6.75% and at least 15 years of guaranteed rental income. Located on Clonshaugh Road, the investment, a 32,000 sq. ft store on a 2.5-acre site, is part of a wider portfolio comprising 10 stores distributed across England, Wales, Northern Ireland and the Republic of Ireland. The Range will provide a 15-year lease term with no break options and built-in growth with five-yearly CPI-linked rent reviews (1-3%). The Clonshaugh Road property is currently generating €392,220 in annual rental income, which equates to €12 psf. The Irish Times, 13th May
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Youghal, Co. Cork Clancy’s Bar & Restaurant, a well-known landmark in Youghal’s hospitality scene, has been launched to market with a guide price of €945,000 through Sherry FitzGerald Hennessy. Occupying a prime coastal spot by the scenic Front Strand and close to the eastern terminus of the 23km Midleton to Youghal Greenway, the 2,264 sq. ft property on 0.79 acres includes a ground-floor bar and restaurant with panoramic sea views, a lower ground-floor function room and commercial kitchen, and a large beer garden. The business has a strong food offering and can seat 160 customers in its restaurant, while the private function room can accommodate up to 110 guests. The Irish Examiner, 13th May
Lisdoonvarna, Co. Clare Two Clare hoteliers have made a significant expansion to their business with the acquiring of a 113-bedroom hotel on the Wild Atlantic Way. John Burke and Gerry Quin, the team behind the Fiddle and Bow collection, have recently added the well-known Hydro Hotel in Lisdoonvarna to their portfolios. John, who also owns the Armada Hotel and the Armada House, shared the news through social media. In July 2025, 171 Ukrainian refugees were relocated from the West Clare hotel as their contact with the State ended. The hotel had been listed for sale through Savills at €4.75m before it was purchased by the Fiddle and Bow collection. The Irish Independent, 18th May
Clonliffe Road, Dublin 3 Hotel group Dalata has opened its latest Maldron property, with the Maldron Hotel Croke Park officially opening its doors. The property is the company’s 21st hotel in Dublin, and expands the Maldron brand’s presence in Ireland. It brings to 27 the number of hotels operated by the brand in Ireland and the UK. The hotel is located directly opposite Croke Park Stadium at the junction of Clonliffe Road and Jones’ Road, and offers 200 guest rooms, four meeting rooms, a bar and a restaurant. Dalata’s development partners on the project were McAleer & Rushe, which also worked on the Croke Park Hotel for the GAA 20 years ago. The Irish Times, 14th May
Sandwith Street Upper, Dublin 2 Hoteliers Paul and Charles O’Callaghan have secured flexible workspace provider Iconic Offices as occupier for Sandwith Court. The building, which served for many years as the Dublin headquarters of KBC Bank before its exit from the Irish market, will now be operated by Iconic as a flexible workspace. Colliers negotiated the letting of the 65,000 sq. ft property to Iconic Offices on behalf of the landlord, Sandwith Property Unlimited Company. The O’Callaghans’ deal with Iconic Offices comes just four months after their boutique hotel group, The O’Callaghan Collection, paid €12.5m for Montague Court, a 1970s office building off Harcourt Street primed for redevelopment. The price paid represented a discount of about 9% on the €13.2m which had been guided for the property. The Irish Times, 13th May
Hatch Street, Dublin 2 Colliers is guiding €2.5m for numbers 24 and 25 Hatch Street, two interconnecting Georgian buildings. The subject properties are being offered to the market with full vacant possession. Extending to a total area of 5,750 sq. ft, they comprise two mid-terrace, three-storey over-basement buildings of 5,000 sq. ft, together with a two-storey mews of 750 sq. ft to the rear of number 25. The properties are being offered for sale with six parking spaces, accessed via Hatch Place. The self-contained rear mews provides additional flexibility and potential for a variety of uses. The buildings are zoned ‘Z8 – Georgian Conservation Area’ which allows for a range of potential uses, including office, residential, educational and medical (subject to planning permission). The Irish Times, 13th May
Baggot Street, Dublin 2 Project management and cost management consultancy GagaMuller is to establish its headquarters at 76 Baggot Street in Dublin after signing up to rent a full floor extending to 8,048 sq. ft. GagaMuller will employ 70 people at the Dublin office which is close to the Grand Canal. Its new office space can accommodate 80 desks, allowing for the firm’s expansion over the next 12 months as it extends its services to the European and US markets. Property agent JLL organised the Baggot St letting which related to a fully refurbished floor with new boardroom, three meeting rooms, breakout areas and upgraded IT infrastructure. Located within Dublin’s traditional central business district, 76 Baggot Street’s other tenants include Fitbit, Elkstone and BHSM. The Irish Independent, 14th May
Donnybrook, Dublin 4 Colliers has completed the sale of The Warehouse in Donnybrook for its full asking price of €2m following what the agent described as a highly competitive sales process driven largely by owner-occupier demand. The own-door office property attracted significant interest from businesses seeking a headquarters building in one of Dublin’s most established commercial and residential districts. The sale is also seen as a further indication that demand for character-led office buildings has remained resilient despite changing workplace patterns and evolving hybrid working arrangements. Colliers said the competitive bidding process demonstrated that occupiers continue to prioritise location, flexibility and immediate usability when acquiring commercial property in Dublin’s core suburban markets. The Business Post, 15th May
New Ross, Co. Wexford One of the final remaining industrial development opportunities within the Marshmeadows Industrial Hub has been brought to the market. Extending to about 7.68 acres, the brownfield site is being offered for sale by tender through PN O’Gorman, the guide price is available on application. Positioned close to the N25, the site sits less than 2km from New Ross town centre and approximately 2km from Stokestown Junction. The property is zoned for “Port-Related Activities and Logistics” under the current Draft Development Plan 2022-2028, making it suitable for a range of industrial, transport and logistics-related uses. Existing accommodation on site includes office space extending to approximately 1,507 sq. ft, alongside a 1,625 sq. ft garage and workshop building and a warehouse of some 1,432 sq. ft. The Business Post, 13th May
Ireland Industrial & Logistics Market Report Q1 2026 Industrial take-up reached 431,000 sq. ft. in Q1 2026, down from 586,000 sq. ft. in Q1 2025 but well above Q1 2024 levels of 160,000 sq. ft. Activity remains below the five-year Q1 average of 612,000 sq. ft. While occupier demand remains strong, macroeconomic uncertainty and rising costs are prompting more cautious leasing decisions and longer transaction timelines. The quarter’s largest deal saw Evri lease 92,500 sq. ft. at Airport Business Park, marking its entry into the Irish market. Activity was concentrated in Dublin North and the North-East, supported by large-scale deals, while Dublin South-West recorded lower activity. Increased speculative completions pushed vacancy to around 4%, signalling a shift in market conditions. Prime rents remained stable at €14.50 psf. Investment volumes reached €41m across four transactions, representing 9% of overall turnover. Colliers Ireland Industrial & Logistics Market Report Q1 2026, 14th May
Longmile Road, Dublin 12 Quantum Property is guiding €2.1m for a mixed use property located at 60A Longmile road. The property extends to 20,500 sq. ft over two floors. The first floor is fully let to two occupiers generating €150,000 pa (7.14% NIY) while the second floor extending to 11,000 sq. ft is vacant and offers significant asset management and reversionary potential. The property is situated on the south side of the Longmile road linking it directly to the Naas road and M50. Quantum Property Press Release 12th May
Clonee, Co Meath 4.25 acres, which are zoned for residential use, are being offered to the market by Knight Frank at a guide price of €3.25m. The subject property comprises greenfield lands and sits immediately adjacent to Holsteiner Park which is 2km from Clonee. The lands are zoned A1 Existing Residential under the Meath County Development Plan 2021-2027, the objective of which is “to protect and enhance the amenity and character of existing residential communities”. The Irish Times. 13th May
Cherrywood, Dublin 18 DLR Properties (DLRP) is seeking expressions of interest from developers for a holding of 13.3 acres in Cherrywood. The process for expressions of interest in the site known as Town Centre 3 is being handled by QRE on behalf of DLRP, which is a subsidiary of Dún Laoghaire-Rathdown County Council (“DLRCC”). It is being offered to the market with full planning permission in place for 418 apartments distributed across four blocks ranging in height from two to five storeys. Former approval secured in 2023, provides for the construction of 124 studios, 96 one-bedroom apartments, 81 two-bedroom (three-person) units, and 117 four-person units. A proposed amendment to the planning scheme will allow for up to 1,150 residential units to be developed on the site, along with 559,723 sq. ft of other town-centre-type uses. The Irish Times, 13th May
Prosperous, Co. Kildare Sherry FitzGerald Reilly is guiding €7m for a 13.84-acre site located at Curryhills, Prosperous with planning permission for 93 homes. The planning permission will allow 40 three-bedroom semi-detached houses; five three-bedroom detached houses; six four-bedroom semi-detached houses; four four-bedroom detached houses; 10 two-bedroom semi-detached houses; 14 two-bedroom apartments and 14 one-bedroom apartments as well as a dedicated creche facility. It is accessible through Emerson Road, which connects it to Prosperous village centre located 500m away. The Irish Independent, 14th May
Synge Street, Dublin 8 Bannon is guiding €3.75m for the former Christian Brothers’ monastery on Synge Street. The property is located between Grantham Street and South Circular Road. It comprises three main sections including a self-contained three-storey building to the rear. The property extends to a total area of 23,548 sq. ft, excluding a large cellar area and sits on a site of 0.4 acres. The building has 22 bedrooms and several large multifunctional rooms. It has served a variety of uses as well as the monastery including, more recently, as short-term residential accommodation. There are several car spaces in a central courtyard. The property is zoned Z15 under the Dublin City Development Plan 2022-2028. Permissible uses for this zoning include health/medical, residential institution, education, assisted living, sports facility and recreational uses. The Irish Times, 13th May
Cherrywood, Dublin 18 Several US and Canadian ice hockey stars, including former Stanley Cup winners, have emerged as investors in the proposed €250m ice hockey arena for Dublin. The proposed scheme aims to serve as a national hub for winter sports as well as a concert and corporate events venue. It will feature an 8,000-plus capacity arena, expandable to more than 10,500 for big events, and include two Olympic-sized ice rinks. As well as being the State’s first permanent Olympic-standard ice facility, it will also host Dublin’s first professional ice hockey franchise, which aims to compete in the UK league. A planning application for the stadium development, which has the backing of DLRCC, is scheduled to be submitted before the end of July this year. The Irish Times, 13th May
Cork Airport Business Park In Cork Airport Business Park, more than 20,000 sq. ft has been taken up between the sale of 12,000 sq. ft at Building 4600, and the letting of 8,000 sq. ft at Building 2100 to Evumed, who are paying rent in the region of €18psf pa. Knight Frank, who oversaw both deals, did not confirm the sale price of 4600, but it’s understood it was close to the €1.7m guide. The largest building in the park Building 5300, previously occupied by US tech giant IBM is available. The property comprises a modern detached two storey third generation office building with a total gross internal area is 25,115 sq. ft. Internally, the property is fitted to a high standard. Externally the site is landscaped and there is surface car parking. The Irish Examiner, 14th May
Waterford Airport The sod is set to be officially turned on the new €30m construction phase of Waterford Airport. Today’s event will mark a significant milestone in what is planned to be the eventual resumption of commercial flights to and from the southeast of the country. Around 140,000 people passed through Waterford Airport annually during its busiest years but there has not been a regular passenger service at the airport since 2016. The runway will now be lengthened to over 2,200 metres and widened to 45 metres to accommodate large commercial jet aircraft. The series of upgrades will enable the return of commercial passenger services, with a target set of the airport handling upwards of 400,000 passengers annually within three years. The upgrade works are set to be begin immediately following the takeover of the airport by US oil billionaire, Kelcy Warren. RTÉ.ie, 18th May
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Grafton Street, Dublin 2 Savills is guiding €3.4m for Number 2 Grafton Street and 50 Nassau Street. Located at the junction with Nassau Street, the asset comprises a 2,615 sq. ft five-storey over-basement building in a prominent corner position in Dublin city centre’s foremost shopping area. The building is occupied by a diverse tenant mix and is anchored at street level by coffee chain, Starbucks, and by Claddagh Jewellers. The upper floors of the property are home to a number of office and service occupiers. The investment is currently generating total annual rental income of €242,426, and the weighted average unexpired lease term is approximately 6.5 years to break. Should a sale proceed at the guide price, the new owner would stand to secure a NIY of 6.48%. The Irish Times, 6th May
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Blackrock, Co. Dublin Failing to find a buyer for the Frascati Centre in Blackrock when it offered it in a quiet, targeted process for about €100m in 2023, the owners are preparing to offer it for sale on the open market. Cushman & Wakefield and Eastdil Secured will be joint agents and the price is expected to be between €75m and €80m. Acquired by Invesco Real Estate for €68m in 2015, a further €80m was spent on its renovation and extension. The Blackrock property comprises 177,000 sq. ft of retail space and 43,000 sq. ft of residential accommodation distributed across 42 apartments. The scheme is generating an annual rent roll of €6.9m. There is an opportunity to increase the Frascati Centre’s net operating income substantially, with full planning permission in place for the development of an additional 123 rental apartments across two phases. The Irish Times, 6th May
North Dublin Docklands US real estate investor Kennedy Wilson said it has bought out its co-owner in Coopers Cross, a mixed-use development in the North Dublin docklands. The company said in its latest quarterly report that it paid Cain International $24m to buy its 50% stake in Coopers Cross. This resulted in a $16m remeasurement gain for the firm. Coopers Cross is spread across 394,000 sq. ft and includes 471 apartments. The office block was completed early last year. The Business Post, 10th May
Parnell Street, Dublin 1 Cushman & Wakefield is guiding €6.925m, exclusive of VAT for Unit 2 at the Ivy Exchange. Developed by the Cosgrave Property Group in 2006 as part of the wider, mixed-use Ivy Exchange, Unit 2 comprises ground and mezzanine floor accommodation extending to 28,068 sq. ft. The subject property is fully let to Tesco Ireland on a 25-year lease which commenced in November 2007. The current passing rent is €495,000 a year with approximately 6.8 years income remaining until lease expiry. The financial accounts for Tesco Ireland for the year ending February 22nd, 2025, show total sales in the year grew 5.8% with a turnover of €3.445bn. Should a sale of Unit 2 proceed at the guide price, the incoming owner would stand to secure a NIY of 6.5%. The Irish Times, 6th May
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Navan, Co. Meath JD Sports has opened a new store at Navan Town Centre. The European sportswear retailer has agreed a deal to occupy the 7,535 sq. ft which had been left vacant by UK fashion retailer New Look following the liquidation of its Irish operations. JD Sports was represented in the negotiations by Bogle Estates while Cushman & Wakefield and Savills acted as joint letting agents for Navan Town Centre. Developed originally in 1980, Navan Town Centre was extended on a number of occasions between 1995 and 2009. The scheme today extends to 303,383 sq. ft with 1,388 car-parking spaces. Navan Town Centre is anchored by Tesco, Penneys and Dunnes. Other well-known retailers at the centre include Sports Direct, River Island, Boots, Starbucks and Costa Coffee. The Irish Times, 6th May
Killester, Dublin John P Younge is guiding €6m for The Beachcomber, a 6,000 sq. ft landmark bar over two levels located at 179 Howth Road. Turnover is believed to be heading for over €2.7m. At ground floor level its lounge bar extends to 2,938 sq. ft. A kitchen extending to 102 sq. ft is also located at ground level, as are a store, cold room, toilets and an office. At first floor level is a lounge/carvery/restaurant in two sections: one to the front of 1,324 sq. ft while a back section extends to 1,690 sq. ft. At this level a catering kitchen measures a much larger 370 sq. ft and it is complemented by a food cold room. The Irish Independent, 7th April
Laragh, Co. Wicklow McDonnell Properties is guiding €1.5m for a café and delicatessen and a heritage property located in the heart of the Wicklow Mountains National Park. The sale involves the well-established 8,611 sq.ft Glendalough Fayre cafe and shop, and an historic stone house built in 1865 as a Royal Irish Constabulary building. With a long-standing presence in the village, the cafe deli is better known as Glendalough Green or the Glendalough Cafe, with its iconic red signage. Next door is the Royal Irish Constabulary building, which comes with a period slate roof and striking Victorian entrance door and five bedrooms. To the rear, a courtyard leads to a built-in BBQ area. The Irish Independent, 10th May
Sir John Rogerson’s Quay, Dublin 2 Commercial property firm Iput has agreed a long-term lease with Beauchamps LLP at Two Riverside on Sir John Rogerson’s Quay to support the firm’s expansion. Beauchamps has committed to 27,000 sq. ft under a new 10-year lease running to May 2036, extending its existing lease, which had been due to expire in 2030. The Dublin-based law firm will now occupy the entire ground, first and second floors of the building. Other occupiers at Two Riverside include Harvey AI, the legal tech firm, and Interpath. Following the upgrade works, Two Riverside has achieved leadership in energy and environmental design (LEED) operations and maintenance gold certification. Iput said it has secured approximately 100,000 sq. ft. of lettings and lease renewals in 2026. The Business Post, 6th May
Dublin Office Market According to Knight Frank’s Q1 2026 Dublin office market outlook, the squeeze on Dublin’s prime office space is set to intensify this year as geopolitical headwinds spark uncertainty. Knight Frank said the “biggest risk” lies in the lack of development in the city centre. Two buildings were completed in the first quarter of 2026, totalling 163,000 sq. ft, the largest of which was 160 Townsend in Dublin 2. Of the six buildings due for completion during the remainder of the year, three are already pre-let. For 2027, about 60% of upcoming space has already been secured, with “no new space” under construction and due to be delivered after that. Prime rents remain steady, ranging from €65 to €67.50 psf but this is forecast to heighten, with rental growth of €70 psf expected in 2026, and up to €75 for pre-lets. The Business Post, 7th May
Church Street, Dublin 7 Ireland and UK student accommodation firm LIV has agreed to sell its 211-bed student building at Church Street. It is owned by Valeo Groupe, a US-based investment firm with student accommodation facilities across Spain, Scandinavia and the US. According to accounts filed for LIV Dublin Church Street Student Residence Limited, the firm put the property up for sale in 2025 and received an offer from an “unrelated third party”. Directors said it was “probable” the property’s sale would complete in 2026. Although the value of the deal was not disclosed, the company reclassified the property in its accounts as an asset held for sale during the year. Its fair value was reduced by €7.2mn after a revaluation, with the property on the balance sheet at a €37m “sale valuation”. The Business Post, 6th May
Killarney, Co. Kerry An opportunity to develop a hotel on Muckross Road, known as Killarney’s Golden Mile, is being offered for €3m through CBRE Hotels. The vacant site extends to approx. 0.75 acres and is strategically positioned on Muckross Road next to Kerry Brewing Company and 500m from Killarney town centre. A feasibility study indicates that the site has the capacity for a hotel rising from four to six storeys which could accommodate about 150 bedrooms. The sale will be subject to planning permission and that the preferred bidder will be selected on the basis that the bidder’s proposed design for the planning application could offer a viable prospect of achieving planning approval. The site is currently zoned under the Kerry County Development Plan 2022-2028 to support mixed-use general development, including hotel use, indicating favourable conditions for a project of this nature. The Irish Independent, 7th May
Clontarf, Dublin 3 A 1.14-acre residential development site on the Howth Road in Clontarf has been brought to the market with full planning permission for a 65-unit apartment scheme. The properties at 110 and 114 Howth Road are being offered for sale by private treaty through Sherry FitzGerald, with price on application. The existing holding comprises two vacant detached dwellings. Planning permission has been secured for a five-storey residential scheme comprising 65 apartments, including 29 two-bed units, 28 one-beds, five studios and three three-bed apartments. Unit sizes range from approximately 431 sq. ft to 1,130 sq. ft. The scheme incorporates a central landscaped courtyard, rooftop terraces, a crèche and café space, along with 47 car parking spaces and 161 bicycle spaces. The Business Post, 9th May
Kyrl Street, Cork City A Cork city centre riverside site that has been idle for several years is being cleared with a view to redevelopment as part of Cork City Council’s ongoing battle to tackle dereliction. The 0.96-acre site between Kyrl’s Quay and Kyrl’s St near the Bridewell Garda Station was previously earmarked for a major hotel/leisure and apartment project but the development never went ahead. A spokesman for the local authority said the current site clearance and stabilisation work is to “facilitate access to undertake a series of site surveys and investigations to inform project information documents and enable advertisement of a tender process seeking redevelopment proposals”. “It is envisaged this tender will be advertised over the next few weeks,” the spokesman added. In October 2024 Cork City Council posted a notice of its intention to compulsorily acquire the site under the Derelict Sites Act 1990. The Irish Examiner, 7th May
Ellistown, Co. Kildare A 149-acre agricultural holding at Mynagh, Ellistown is being brought to auction, offering a sizeable land parcel within reach of the M7 corridor. The property is being marketed by Coonan Property and will be offered for sale by public auction on June 11 at Lawlor’s Hotel in Naas. Extending to approximately 149 acres in a single block, the lands are currently laid out in seven divisions and have been used for tillage in recent years. The holding also includes a derelict two-bedroom residence and associated farmyard structures, presenting potential for redevelopment subject to planning permission. The farm will be offered in three separate lots: a 48-acre parcel; a 101-acre portion including the derelict residence; and the entire 149-acre holding. The holding is positioned between the towns of Kildare, Monasterevin and Rathangan, with access to the M7 via Junctions 13 and 14. The Business Post, 7th May
Ballymun, Dublin 11 Tuath Housing, the social housing provider, has been granted approval by An Coimisiun Pleanala to develop 446 homes on lands including the site of the former Ballymun flats. The proposed development consists of 28 duplex units and 418 apartment units. The apartments will be a mix of social and cost-rental homes, none of which are to be sold on the open market. Dublin City Council currently owns the land, but has an agreement in place with Tuath whereby the housing body will buy the land from the council after the development is completed. Cairn Homes is the construction partner for the project. The Business Post, 8th May
Newbridge, Co. Kildare Diageo officially opens its new Kildare brewery on Monday as part of a near €1bn investment in its Irish operations. The brewery at Littleconnell, outside Newbridge, represents an investment of almost €300m, 50% more than planned when announced in 2022. Diageo is moving production of all its ales and lagers, Rockshore, Harp, Smithwick’s and Kilkenny, alongside licensed beers such as Carlsberg from St James’s Gate. At full capacity, the brewery will produce two million hectolitres, making it Ireland’s second largest brewing operation after St James’s Gate. The project was originally intended to free up space for expanded Guinness production in Dublin. However, Diageo has since secured permission for a further €400m investment to build a second Kildare brewery dedicated to Guinness and Guinness 0.0 production. Work on that phase is expected to begin this year. The Irish Times, 11th May
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Henry Street, Dublin 1 TWM is guiding €4m (9.6% NIY) for number 35 Henry Street. The property comprises a four-storey over-basement building, extending to a net internal area of 2,671 sq. ft. It is fully let to Three Ireland, which has occupied the property on a 25-year lease since November 2006. The lease is on a full repairing and insuring basis, and the rent is €425,000 per year, with reviews every five years. Three has recently completed a substantial refurbishment of the shop. Three Ireland is Ireland’s largest telecommunications provider, serving more than 1.7m customers. The company, which is owned by CK Hutchinson Holdings, employs approximately 1,200 people nationwide and operates 34 directly managed retail stores. 35 Henry Street operates as a flagship store, with the upper floors used for staff training and wellness. The Irish Times, 29th April
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Naas, Co. Kildare Palm Logistics, an affiliate of the pan-European real estate private equity firm Palm Capital, has struck a deal with DSV Road that will see it deliver a new purpose-built facility of 130,297 sq. ft for the logistics specialist on a 10.9-acre site at Momentum Logistics Park in Naas. DSV Road is the dedicated road-freight division of DSV A/S, a global transport and logistics company headquartered in Denmark. Subject to planning permission, construction of DSV’s new facility is expected to start in the third quarter of this year with completion targeted for the final quarter of 2027. Upon completion, the property will be let to DSV Road on a long-term lease. The proposed unit will include a main warehouse/logistics facility, two-storey management offices and a dedicated yard to support site operations, including segregated HGV movements, trailer standing and staff and visitor parking. The Irish Times, 29th April
Ballymount, Dublin 12 Park Developments’ Logistics Division has completed three significant transactions at their Apex Hub development in Ballymount. Unit 1, extending to 34,000 sq. ft, has been sold to Demesne Electrical, a leading importer and distributor of electrical controls and switchgear. It has also agreed a pre-let of Unit 6 which extends to 45,000 sq. ft. Thirdly, it has sold a site at the entrance to Apex Hub to Costa Coffee which will build a two-level drive-thru cafe there this year. Park Developments is now seeking a tenant for Unit 2 which will extend to around 41,000 sq. ft with construction due to commence in Q3 2026. Joint agents Savills and CBRE are quoting €18.75 psf for this space. The Irish Independent, 30th April
CBRE Q1 2026 Report states industrial occupier demand remained resilient in Q1, however broader macro-driven cost pressures warrant close monitoring. Persistent inflation across energy, labour or transport inputs could temper expansion activity, particularly within the logistics segment. Ireland’s 12-month CPI increased by +3.6% to the end of Q1, from +2.8% at the end of the previous quarter, driven largely by a sharp acceleration in the energy component (+12.9%). Dublin industrial & logistics take-up totalled 424,712 sq. ft in Q1 2026, representing a 28% decline compared with Q1 2025 (588,054 sq. ft). The largest transaction of Q1 was Evri’s 92,484 sq. ft letting at Airport Business Park, reflecting continued demand from last-mile and parcel logistics operators. Demand linked to the data centre sector is becoming an increasingly important component of Dublin take-up.. Prime rents remained stable at €14.25 psf in Q1, having risen by 6% in Q4 2025, bringing cumulative rental growth since Q1 2022 to 24%. Investment activity totalled €41m in Q1, below longer-term quarterly averages. CBRE Dublin Industrial & Logistics Q1 2026
Industrial and Logistics Portfolio Investors Ares and Kennedy Wilson are back in the frame to snap up EQT ‘s industrial and logistics portfolio, with the two underbidders reemerging after U.S. investor Baupost pulled out, Green Street News reported. Baupost had been granted exclusivity to acquire the assets, but the deal fell apart following a significant lowering of the offer from the hedge fund, which vendor EQT rebuffed. EQT Real Estate put its portfolio up for sale last year, with Eastdil Secured and JLL mandated to sell the properties, managed by EQT on behalf of Singapore’s sovereign wealth fund, GIC. It was acquired in 2020 from Morgan Stanley Investment Management, and there are 32 assets in all, totalling around 1.3m sq. ft, including units in Greenogue Business Park and Baldonnell Business Park, with an annual rent roll of circa €13m. Working with partner Palm Capital, Baupost had secured exclusivity to acquire the collection in January, with the agreed price in excess of €215m. However, Green Street reported that sales discussions with two underbidders, Ares Management and Kennedy Wilson, were reignited following Baupost’s exit, with the portfolio expected to go under offer again in the coming weeks. All parties declined to comment. Biz Now, 4th May
Sandymount, Dublin 4 BDM Property is guiding €1.2m for Hillview House, 15D Gilford Road. The 3,725 sq. ft property sits on a 0.19-acre site and currently comprises a mix of commercial and office accommodation, including a vacant street-facing commercial unit to the front and a two-storey office building to the rear which is occupied by two tenants generating €74,000 pa. The tenants plan to leave this coming July. In 2024 the vendor was refused planning permission for the demolition of the two-storey office building and the development of a mixed-use property including four apartments, a cafe and 5,845 sq. ft of office space. However, it was refused because of the inclusion of a 3,800 sq. ft basement car park. An Bord Pleanála pointed out that the site might be more suitable for a car-free development because of its proximity to good transport links. The Irish Independent, 30th April
Tallaght, Dublin 24 A new phase of commercial accommodation has been launched at Tallaght Cross West, as leasing agents BDM Property bring a range of units to market on behalf of I-Res Reit. The units are essentially large format shell and core retail units that would ideally suit leisure or large retail occupiers. The scheme is located opposite The Square Shopping Centre and adjacent to Tallaght University Hospital. The available units range in size from approximately 2,260 sq. ft to 35 ,521 sq. ft, with potential for a variety of uses across retail, leisure, office and medical sectors. Existing occupiers at the development include Aldi, Flyefit and healthcare operators such as Reeves Day Surgery Centre and CRY Ireland. The Business Post, 30th April
Phibsborough, Dublin 7 Twinlite has lodged a planning application to redevelop Phibsborough Shopping Centre into a 150-room hotel with co-working space and a bar and restaurant. The redevelopment will include a nine-storey purpose-built student accommodation building adjacent to where the shopping centre now stands, with 411 beds, study rooms, a gym and communal open spaces across several floors. The application was lodged with Dublin City Council by Stormborn Capital Acquisition Three, a company associated with Twinlite. It details the construction of an additional four-storey mixed use building fronting North Circular Road with a market hall for retail outlets, cafés and restaurants on the ground floor and 23 cost-rental apartments across the first to third floors. The Business Post, 30th April
Cork City RTE is to begin the search for new studios in Cork after abandoning plans to refurbish its existing base in the city. Kevin Bakhurst, director-general of the broadcaster, told staff last week it would seek “alternative premises”. It is unclear if the company will look to sell its southern regional studios, on Father Mathew Street, where it has operated from since 1995. It put the building on the market for €2m in 2024 but later withdrew it as it considered a refurbishment. Between 40 and 50 people work out of the Cork studios. Rising construction prices have driven up the cost of revamping older properties over the past few months. In February, RTE said the estimated cost of refurbishing its Donnybrook campus had risen above a previous estimate of €350m. The Sunday Times, 3rd April
South Frederick Street, Dublin 2 Investment and stockbroking firm Cantor Fitzgerald is to relocate its Dublin headquarter office from its current home at 23 St Stephen’s Green to nearby South Frederick Street. The company has signed a long-term lease for all five floors of Bindery House, the office building completed recently by Hope Street Property. Knight Frank represented the landlord in the transaction while QRE acted for Cantor Fitzgerald. The company is expected to make the move to its new offices by the end of this year. Hope Street Property is understood to have acquired the building early last year. The property was first offered to the market in October 2023 at a guide price of €12m. Now known as Bindery House, the property comprises 30,000 sq. ft of office space and 2,000 sq. ft of external terraces. The Irish Times, 29th April
Canal Road, Dublin 6 Joint agents Savills and FQP are guiding €16m for the fully vacant, former headquarters of the Construction Industry Federation (CIF). The figure represents a 30.4% discount on the €23m the developer Osborne + Co had been set to pay to secure ownership of the building and its 1.24-acre site during Covid. The property’s owners secured planning permission in September 2024 to demolish the existing property and to replace it with Canalside, a new office scheme comprising 146,000 sq. ft of grade-A office space distributed across two buildings of five and eight storeys respectively, along with 65 car-parking spaces. The Canalside site occupies a high-profile position on the banks of the Grand Canal at the intersection of Ranelagh, Charlemont and at the approach to the central business district in Dublin 2. The Irish Times, 29th April
Kilmartin, Dublin 15 Joint agents Knight Frank and Lydon Farrell are guiding €16m for 268 acres at Kilmartin. Situated immediately next to the existing residential areas of Kilmartin itself, and Hollystown, Tyrrelstown and Ongar, the lands, are zoned for agricultural use at present. The location is well connected, with ready access to the N2 and N3 via the new link road, providing direct connectivity to the M3 and M50 motorways and the wider national road network. Dublin Airport is 13km to the east of the lands, while Dublin city centre is approximately 23km away. Fingal consistently records the strongest population growth of any local authority in Ireland, with a populace of more than 330,000, making it the second-most populous local authority in the State. The Irish Times, 29th April
Chapelstown, Co. Carlow Lisney is guiding €9.5m for 33.5 acres located at Chapelstown. The lands are zoned ‘New Residential’ under the Carlow County Development Plan 2022-2028. The site’s potential is evidenced by the fact that it was the subject of a previous grant of planning permission in 2006 for a 275-unit residential scheme. While that development did not proceed, Lisney believes that this original planning permission establishes a precedent for development on the site and reinforces its suitability for residential use. The subject site is located about 2.5km from Carlow town, and has direct access to the N80 national road and ready access to the wider road network, including the M9 motorway. The Irish Times, 29th April
Sandyford, Dublin The Sentinel building in Sandyford will be completed and occupied by the end of next year according its owners, the Comers. In 2022 Dún Laoghaire-Rathdown County Council voted to rezone the Sentinel site, removing the requirement for an office element. Instead, the new county development plan included a “specific local objective” to “facilitate completion of the unfinished block and allow consideration of a maximum of 110 residential units”. In early 2023 the Comers bought the adjoining RB Central site from Ires, gaining permission for the construction of 428 apartments. Later that year they submitted plans to convert the Sentinel to 110 apartments. Sixty would be two-beds with 22 one-beds and 28 three-beds. The council granted permission for the development but with a condition requiring the number of three-bed apartments be increased to a minimum of 40%. Building commenced two years ago, and Sentinel is the last phase of the development. It will be starting early next year and be completed by the end of next year. The Irish Times, 4th May
MSCI / SCSI Index Q1 2026 The latest MSCI/ SCSI IPD index shows key sectors of the Irish commercial property market continued to strengthen in Q1 2026, however values for older offices continued to decline. The strongest performers in Q1 were retail warehouses, Grafton Street investments, newer offices and industrial properties. Retail warehouses continued as the overall star performer returning 3.81% in the quarter to their investors, bringing their 12-month returns to 17.17% on the back of 13.7% rental growth and 9.4% growth in capital values over the 12 months. The sector showed quarterly growth of 2.1%, similar to Q4 2025, in both rents and capital values. Older offices are generating rental growth, albeit a modest 0.3% in Q1 and 1.5% in the 12 months. However, they continue to suffer a fall in capital values, down 1.1% in the last quarter and 39% since Q4 2021. The Irish Independent, 30th April
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Clonshaugh, North Dublin Harvey is guiding €7m for a modern detached warehouse and office facility in north Dublin. Unit B at the Willsborough Industrial Estate in Clonshaugh extends to 46,336 sq. ft, including 9,488 sq. ft of office accommodation arranged over three floors. It comprises a twin-span steel portal frame warehouse with a clear internal height of 9.5 metres and an insulated metal deck roof. Loading is via four dock levellers and two level access doors, while externally a gated yard extends to 37 metres in depth. Car parking is provided to the front and side for about 40 vehicles. A defining feature of the asset is its power provision. The property includes a dedicated ESB substation delivering 2 MVA, a level of electrical capacity that significantly exceeds standard industrial requirements and positions the building for a broader range of occupiers. The Business Post, 23rd April
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Mitchelstown, Co. Cork Sandymark Group will commence construction shortly on the first phase of a new logistics scheme in Mitchelstown, with practical completion anticipated in the second half of 2027. Located next to junction 12 of the M8 motorway the development is situated adjacent to Aldi’s regional distribution centre and is near the headquarters of both Kerrygold and Dairygold. The first phase of the scheme will comprise three detached units with a total combined floor area of approximately 293,000 sq. ft. Each unit will have a 12-metre clear internal height, multiple dock levellers, level-access doors and generous HGV service yards ranging in size from 40m to 50m in depth and Cat-A office accommodation and staff facilities. Units will be available for sale or to let from Cushman & Wakefield. The Irish Times, 22nd April
Ardagh, Co. Limerick Joint agents CBRE and GVM auctioneers have brought Cahermoyle House in Co Limerick to market. The 36,500 sq. ft property comprises 49 guest bedrooms along with a restaurant, lounge, whiskey bar, banqueting and meeting facilities. The wider 43-acre estate comprises a mix of farmland and mature woodland and features a private chapel, traditional outbuildings, a walled garden, a gardener’s residence and an outdoor swimming pool. While a guide price has not been set, the property and its 43-acre estate are expected to secure in the region of €3m. Constructed originally in 1871, Cahermoyle House has both historical and architectural significance. The Irish Times, 22nd April
Sandymount, Dublin 4 Colliers are guiding €1.5m for Martello Tower No 16, a landmark hospitality venue. Overlooking Dublin Bay, the 19th century Martello Tower sits directly on Sandymount Strand. Constructed in 1804 as part of a chain of coastal defence towers during the Napoleonic Wars, Martello Tower No 16 forms part of a wider network of 28 towers positioned around Dublin Bay. Designed to withstand attack from the sea, its thick circular masonry walls and elevated roof level reflect the robust engineering of the period. The property comprises the original circular tower over three levels, together with later extensions dating from the mid-19th and 20th centuries. These alterations introduced internal stair access, additional openings and a modern seaward-facing extension. Large windows to the seaward side provide panoramic views across Dublin Bay. The entire property now extends 6,641 sq. ft. The Irish Independent, 23rd April
Earlsfort Terrace, Dublin 2 A project to significantly expand the five-star Conrad Hotel near St Stephen’s Green in Dublin has been approved by Dublin City Council. In January, Earlsfort Centre Hotel Proprietors Limited, the operator of the property, applied for permission to increase the capacity of the hotel from 192 to 308 bedrooms. To facilitate the expansion, it proposed the development of a new eight-storey extension over an existing two-storey space currently used for events. The planning application also proposed upgrades to the existing bar and restaurant areas of the hotel. The proposal for the hotel, devised by BKD Architects, would increase the size of the hotel from 155,054 sq. ft to 220,509 sq. ft. Archer Hotel Capital, the owner of the Conrad Hotel previously secured permission in 2022 to expand the hotel from 192 to 280 bedrooms, but did not proceed with the plans. The Business Post, 22nd April
Capel Street, Dublin 1 Beannchor Group has started construction of a new hotel in Dublin after securing a fresh €35m financing package with Ulster Bank. The hospitality group has a vast portfolio of hotels, pubs and restaurants, including The Merchant Hotel, a five-star property, and the four-star Bullitt Hotel in Belfast. In 2018, the company signalled plans to make its first move in the Dublin market and develop a Bullitt-branded hotel on the former Boland’s Bakery site, at Capel Street/Mary Street Little. The company faced a protracted process to secure permission to develop the site. Works stalled in 2023 after a burial site dating back to the 11th Century was discovered during excavations. Construction of the hotel has now formally commenced, with the completion scheduled in late 2027. The new eight-storey Bullitt Hotel will include 97 bedrooms and ground floor bar and restaurant. The Business Post, 22nd April
Glengarriff, West Cork The Eccles hotel and spa in west Cork, one of Ireland’s oldest hotels, is set to be sold to an American businessman. The owners have agreed to sell the four-star hotel to Brian Patrick Martin, a hospitality investor from Connecticut. The Eccles was put on the market in 2024 with an asking price of €5m but withdrawn after the owners refinanced it. They repaid money owed to the Irish Diaspora Loan Fund, which helped fund the purchase of the hotel in 2016. Martin is expected to pay below €5m. In accounts filed last week for 2025, the directors put the latest valuation of the hotel at €4.4m. Martin owns the Hampton Inn by Hilton in Princeton, Indiana, and a Holiday Inn Express in Los Alamos, New Mexico, through his investment company BPM & Company. The Sunday Times, 26th April
Cork City Centre Knight Frank is guiding €6m for The Loft, a 21,000 sq. ft furniture store on a 0.5-acre site, between Cornmarket Street and North Main Street. The vendors, guided by Douglas Wallace Architects, have prepared a preliminary scheme for a mixed-use project that includes ground floor retail space and 206 student bedspaces. The proposed redevelopment of what is a protected structure includes the retention of the existing elevations of The Loft building and would comprise a part three, part five, and part seven-storey building, featuring communal amenity spaces in three courtyards, a public outdoor seating area, general landscaping, and boundary treatments. While the current proposal is for retail and student bedspaces, the vendor said the property was “sufficiently flexible to accommodate a range of alternative uses, including hotel or hostel development, subject to planning permission”. The Irish Examiner, 23rd April
St Stephen’s Green, Dublin 2 The owners of Stephen’s Green Shopping Centre have secured permission from Dublin City Council for their plans to redevelop the property. Last year, DTDL Limited, a subsidiary of Lanthorn, lodged planning permission to redevelop the property. The redevelopment project would primarily involve the removal of the existing facade, internal reconfiguration of the centre to create more appealing retail units for letting, the development of 314,855 sq. ft of office space, and the creation of a new two-screen cinema. Further changes proposed included the creation of many new restaurants units that would face onto South King Street. In late March, DTDL Limited lodged revised plans which included a new facade design. Dublin City Council has granted the owners of the shopping centre permission to proceed with the latest application in full, with no conditions attached that would restrict development. The Business Post, 23rd April
Grafton Street, Dublin 2 Mint Velvet, a British fashion brand is to open a store in Grafton Street, Dublin. The retailer already has two standalone shops in the Republic of Ireland, in Dundrum Town Centre and Kildare Village. It is understood the company is in talks to take over 76 Grafton Street, which was vacated by Russell & Bromley, the troubled UK footwear group which opened its only Irish store in 2022 but shut in February after being bought by Next as part of an insolvency process. As well as the standalone stores in the Republic, it also has concessions in Brown Thomas stores. Accounts for its Irish entity show it had a pre-tax profit of €250,000 on sales of €6.8m in 2024. The Sunday Times, 26th April
Dublin Office Rents Prime Dublin office rents are expected to climb by 10% over the next year, driven by increased demand and a tightening supply, according to new research. In its annual wealth report, Knight Frank, said offices are now the most targeted asset class globally for 2026, with Europe seeing a return of large-scale transactions led by office deals. Private investors deployed €16.1bn into European offices in 2025, with institutional capital expected to follow, focusing on prime, ESG-compliant assets. Knight Frank said a number of prime Dublin office assets on the market with lot sizes in excess of €100m will “test the depth of investor demand and also current prime yields, at 5%”. 80% of the office space that is due to complete in the Dublin market throughout the rest of 2026 is already pre-let. The Business Post, 23rd April
Dublin South Docklands Knight Frank is guiding €17.94m for the Alto Vetro building in Dublin’s south docklands. The property comprises a 16-storey apartment tower incorporating 24 two-bedroom apartments, two three-bedroom triplex penthouses and two ground-floor retail units. Kennedy Wilson paid approx €11m for the property in 2013. Designed by Shay Cleary Architects as a “pristine glazed rectangular free-standing object”, the Alto Vetro has the highest plot ratio of any building in the city at 17 to one, a record for Dublin because part of the tower was allowed to encroach on the campshire of the quayside. The investment currently produces a gross annual income of €1,099,950. Should a sale proceed at the €17.94m guide price, the new owner would stand to secure a net initial yield of 4.75%. The Irish Times, 22nd April
Stepaside, Dublin 18 Having secured full planning permission last December for a large-scale development comprising 209 new homes at Stepaside, Twinlite has instructed agent Savills to find a buyer for the site. The lands, which are located in the established Aiken’s Village scheme, are being offered to the market for €19.75m. The approved development comprises 209 own-door units and consists of a mix of 191 apartments and duplexes and 18 triplexes arranged across 11 blocks ranging in height from three storeys to part-three/part-four storeys. The accommodation will have a total of 205 car-parking spaces, with 58 of these located underground, and 550 bicycle spaces. Aiken’s Village in Stepaside is well connected by public transport and by road. The Luas green line stop at Glencairn is within walking distance while the M50 motorway and N11 are just a short drive away. The Irish Times, 22nd April
Dundalk, Co. Louth Harvey is guiding €1.85m for 22.27 acres of land in Dundalk suitable for development of industrial and logistics units. As only approx. 17 acres is developable land, the price equates to approx. €105,000 per acre for the developable area. The site adjoins Xerox Technology Park and is located 2.5km from Junction 16 on the M1 motorway at a point which is 80km equidistant from Dublin city and Belfast city. Dundalk is the commercial hub of the north-east with an established cluster of successful global foreign direct investment companies located in the immediate vicinity. Nearby occupiers include WuXi Biologics, Paypal, Wasdell Europe and National Pen. Zoned E2 Business and Technology under the Louth County Development Plan, the types of premises that could be developed include: digital innovation hub/co-working space; high-technology manufacturing; industry light; offices; research and development; science and technology-based enterprises. The Irish Independent, 23rd April
Stepaside, Dublin 18 Six apartments in Stepaside, were sold at a recent auction for €1.75m, well over their guide price of €1.245m as guided by estate agent Galvin and auctioneer BidX1. The price achieved for apartments 2,4,5,7,8 and 9 at Old Castle View, Kilgobbin Road, Stepaside equates to an average of €291,667 each. The apartments comprised five two-bedroom units and one one-bedroom unit ranging in size from 614 sq. ft to 710 sq. ft and four of the six were tenanted. Last October, a group of four other apartments in the same complex sold for €1.081m which equates to an average of €270,250 per apartment. The premium achieved in this month’s auction is even greater when it is considered that some of the October units were larger, ranging in size from 700 sq. ft to 1281 sq. ft and were all vacant. The Irish Independent, 23rd April
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on a residential property portfolio in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 14th April
Trim, Co. Meath Joint agents Savills and JLL are guiding €25m for the four-star Knightsbrook Hotel, Spa & Golf Resort. The hotel comprises 131 guest bedrooms and 28 three-bedroom self-catering holiday homes. Food and beverage offering includes Rococo Restaurant, Swifts Bar, Terrace Lounge, and Rooftop Terrace, alongside large-scale conference and banqueting facilities with capacity for up to 1,800 delegates. The Knightsbrook’s leisure and wellness facilities include the award-winning River Spa with 14 treatment rooms and a health club with an 18m swimming pool, rejuvenating thermal suite, a gym, and two dedicated fitness studios, which cater for the hotel’s guests and health club members. Set across a total of 172 acres of parkland, the resort also features a championship 18-hole golf course. The Irish Times, 15th April
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Drogheda, Co. Louth The Thatch Bar and Kitchen, a licensed premises and restaurant on the edge of Drogheda, has been launched on the market with BDM Property guiding €1.5m. A purpose-built two-storey over-basement premises, its 19,967 sq. ft floor area accommodates a lounge bar, public bar, restaurant and three function rooms. To the front of the property stands the original Thatch licensed premises which dates to 1840 but is not used as a pub. A protected structure, its thatched roof has been repaired but its interior requires refurbishment. Occupying a 0.96-acre site, it offers parking for 60 cars and has potential for further development. Strategically located at a prominent trading position on Donore Road, a busy thoroughfare linking Drogheda town to Junction 9 of the M1 Dublin to Belfast motorway. The Irish Independent, 16th April
Bandon Road, Cork West Cork businessman Damien Long has purchased The Viaduct Inn. The venue had been listed for €1.6m, and it is understood it sold for in excess of €2m. The 7,000 sq. ft property sits on a 2.84-acre site, with over 110m of profile on the N71 Bandon Rd. Currently operating as a restaurant, a multi-million investment will transform the building into a multi-purpose space, promising a “first-of-its-kind” transport and travel hub. A statement on behalf of Mr Long said the first element of the hub will be a Dublin Connect bus service. A dedicated park-and-ride service will operate every 30 minutes from 6am to midnight, running in a loop from The Viaduct and taking in Cork University Hospital, Wilton, University College Cork, Mercy Hospital, and Kent Station. The third element will see the restaurant turned into a “roadside plaza” The Irish Examiner, 16th April
Baggot Street, Dublin 2 The owners of the Fire Steakhouse and Sole Seafood & Grill restaurants in Dublin city centre are in discussions to buy the Star Bar, a pub located on Baggot Street lower. The Star Bar, formerly called Larry Murphy’s, was put on the market this year with a guide price of €1.95m. At auction the property was withdrawn after it failed to reach its reserve price. The building comprises the pub at basement and ground level, and offices on the upper three floors. The owners of The Phoenix, a satirical magazine, have a 35-year lease for the third floor and pay an annual rent of just under €12,000. The owners have invested heavily in Fire and Sole. In 2025, they put €3.5m into expanding Sole, doubling the size of the restaurant. The Sunday Times, 19th April
Industrial Market Preliminary data for Q1 2026 shows that approx. 560,300 sq. ft of industrial and logistics space was taken up across Ireland with 415,300 sq. ft in Dublin, 130,000 sq. ft in Cork and 15,000 sq. ft in the Limerick-Shannon markets. Three deals handled by Cushman and Wakefield accounted for nearly 60% of the space taken up in Dublin and 45% nationally. EVRi, a UK parcel delivery and logistics company, leased approx. 92,500 sq. ft at Unit D1 Airport Business Park in Swords. Sims Lifecycle services, a global provider of IT decommissioning and recycling services leased approx. 78,700 sq. ft at Unit 4 Vantage Business Park. Finally, Crane Worldwide Logistics signed for approx. 78,800 sq. ft at Unit N4 Horizon Logistics Park. A tighter supply-demand dynamic has continued to support rental growth for the sector. Cushman and Wakefield says it expects prime industrial rents to increase by 3% in 2026. The Irish Times, 15th April
Carolan’s Corner, Dublin 1 DNG is guiding €1.6m for Carolan’s Corner, a tranche of three red-brick period, terraced, commercial and residential properties near Croke Park. The properties are located at the junction of North Circular Road, Belvedere Road, Belvedere Place and Sherrard Street Upper. The properties includes the five-bedroom 482 North Circular Road house. This is interconnected with the adjoining 12 Sherrard Street Upper which is the off-licence. The alcohol licence is being offered for sale separately for approx.€46,000. As well as the off-licence shop, this property also includes two reception rooms, a kitchen and bathroom and separate WC along with store rooms. Next door is 480 North Circular Road which is a separate four-bedroom house and has been rented out. It comes with two reception rooms, a kitchen and two shower rooms. The Irish Independent, 16th April
Mahon Point, Cork City Cork City Council has granted permission to an Irish subsidiary of Deka Immobilien, a German real estate giant, to proceed with its €200m plan to redevelop and expand Mahon Point shopping centre. The development, which comprises 837,077 sq. ft of ground floor space, will add some 139,931 sq. ft of retail space to the existing footprint. It will also include 251 apartments and a 69,255 sq. ft office block over five storeys, as well as a multistorey car park. The company also received permission to develop open space “civic areas, including a market square, which can accommodate the existing farmers’ market, civic and community events, as well as occasional pop-up structures and activities”, according to the decision notice. Demolition of the existing western facade of the Mahon Point shopping centre will be required to facilitate part of the development. The Irish Times, 16th April
Tallaght, Dublin 24 Colliers is guiding €1.2m for Unit 301 at The Square Shopping Centre. The 950 sq. ft unit is let to Rubybridge Ltd trading as Spar at a passing rent of €90,000 a year, secured on a 10-year lease from September 2025, with five-yearly rent reviews and no break options. The lease is guaranteed by Ginos Italian Ltd. The subject property occupies a high-footfall position at the western entrance to The Square, opposite Belgard Square West, which also serves as the main access way from the Tallaght Luas red-line stop. The unit is also located directly opposite the cinema which drives additional footfall. Should a sale of the unit proceed at the guide price, the buyer would be in line for a net initial yield of 6.82% after standard purchaser’s costs of 9.96%. The Irish Times, 15th April
Jervis Shopping Centre, Dublin 1 New Yorker, a German discount fashion retailer, has agreed to pay a rent of €850,000 at the Jervis shopping centre in Dublin as it opens its first Irish store. The company has signed a 15-year lease for a two-storey unit at the Abbey Street mall, according to a filing on the commercial property price register. The deal is the first big signing by Jervis’s new owners. International property investors Cross Ocean Partners and Pradera reportedly paid €115m for the city centre mall last year. New Yorker, which sells trend-led womenswear, menswear and accessories, will take a 21,528 sq. ft unit that is due to open this year. The retailer has more than 1,300 stores and employs 26,000 people worldwide. Pradera, a London investment fund and asset manager, is exploring opportunities to strengthen the occupier mix at the Jervis centre. The Sunday Times, 19th April
Park West Business Campus. Dublin 12 One of the office sales in Dublin during the first quarter of the year saw a self-contained building, Block 16, Joyce Way, Park West Business Campus, sell for slightly over the €2.525m which had been quoted by selling agent BNP Paribas Real Estate. The property extends to 25,942 sq. ft over three floors and features a mix of open-plan and cellular office space, along with a large commercial canteen facility located on the first floor. Accessed via an impressive triple-height reception area, the office accommodation benefits from a generous 2.7-metre floor-to ceiling height throughout. It also came with 36 surface car-parking spaces. Park West business park is easily accessible via the Nangor Road, which connects the business park to the M50 ring road. The Irish Independent, 16th April
Rosslare Road, Wexford TWM Property is guiding €5.9m for the first, second and third floors of Limekiln House, the large office building which houses Zurich Insurance in Kerlogue Business Park on the Rosslare Road. According to the listing the building currently commands an annual rent of €540,739, with seven years remaining on a 26 year-lease and the next CPI rent review due for 2028 with no caps or collars. An ultra modern and extremely well-finished building, it stretches to approx. 22,177 sq. ft with 103 parking spaces. While the ground floor is not included, the brochure states under “asset management potential” that there is “opportunity to buy the ground floor of the building”. The Sunday Independent, 19th April
North King Street, Dublin 7 A purpose-built student accommodation scheme in Dublin’s north inner city with full planning permission has come to market. CBRE Ireland is handling the sale of the Factory, a 0.84-acre development site on North King Street, with planning permission in place for 338 student beds. The guide price has not been disclosed but is available on request from the agent. Extending across five to seven storeys, the development retains the protected red-brick façade fronting North King Street, while introducing a contemporary scheme arranged around a central courtyard. Plans also include a retail unit at the corner of North King Street and Bow Street, alongside cultural space at ground floor level. The Factory scheme will have a mix of 73 studio units alongside cluster apartments ranging from four to eight bedrooms. The Business Post, 20th April
Dundrum, Dublin 14 Dún Laoghaire-Rathdown County Council has moved to the delivery stage of a key housing scheme in Dundrum, signing contracts with Winterbrook Ltd for a 129-unit social and affordable development. The Emmet Gardens project, approved through the Part 8 process last year, will comprise 72 one-bedroom and 57 two-bedroom homes across three blocks ranging from two to six storeys. The scheme forms part of a broader pipeline of more than 1,000 homes being advanced by the local authority under its Competitive Dialogue model. The scheme is being supported through a combination of State funding streams, including the Social Housing Capital Investment Programme and the Affordable Housing Fund, with the site itself acquired via the Housing Agency’s Land Acquisition Fund. Located on Dundrum Road, construction is expected to commence shortly, with completion targeted for late 2028. The Business Post, 17th April
Ballsbridge, Dublin 4 Eagle Street Partners has teamed up with Landfair, a Swiss and British-based investment group, to buy No 2 Ballsbridge Park. The former headquarters of Goodbody Stockbrokers was offered for sale in an off-market process in 2024, with a reported asking price of €32.5m. At the time it had a number of short-term tenants, including BlackRock and Coca-Cola, but they, along with Goodbody, were due to vacate the building early last year. No 2 Ballsbridge is likely to be a development play for Eagle Street and Landfair. With a C3 building energy rating, the property sits on a 1.1-acre site and received planning permission in 2022 for an extension. The Sunday Times, 19th April
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on a residential property portfolio in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 14th April
Portlaoise, Co Laois Colliers is guiding €12m for Leprino Foods Company’s former premises which are located on the southern side of Portlaoise, between the town and Junction 17 of the M7 motorway. The main building extends to 141,346 sq. ft and comprises two zones; a high-care hygiene area and a low-care hygiene area. There are five dock levellers in the low-care area, all of which are accessed via the secure service yard. The property also has a 19,417 sq. ft two-storey administration block. The facility sits on a 12.36-acre site with two entrances. One of these access points leads to a secure yard measuring 2.1 acres with ancillary service buildings, bulk chemical and gas silos. The property is being sold with the benefit of an option from Laois County Council to acquire a further 14.3 acres of land adjoining the facility. The Irish Times, 8th April
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Glasson, Co. Westmeath Agent Sheehy Meares Real Estate is guiding €1m for Grogan’s of Glasson, the well-known bar and restaurant located in the heart of the village. Located on a 0.7-acre site, the pub and its restaurant come for sale as a going concern with a separate four-bedroom house. The venue is complemented by a garden suited to al fresco dining and as an outdoor hospitality space. There are outbuildings which have potential, according to the selling agent, to be redeveloped as guest accommodation or event/working space, subject to planning permission. The Irish Times, 8th April
Duncannon, Wexford Keane Auctioneers is guiding €950,000 for The Fort Conan hotel in south Wexford along with its attached private residence and café located in Duncannon on the Hook Peninsula. The hotel comprises ten double bedrooms with en-suite facilities, a reception area, a fully fitted bar with storage, and the Wild Rose Café, linked to a large commercial kitchen with rear delivery access. There is a seven-day alcohol licence for the bar and restaurant. Attached to the hotel is a private home. The ground floor comprises a sitting room, a fully fitted kitchen, and a utility room with wet room, while upstairs offers a master bedroom with en-suite and dressing room, two further bedrooms, and a family bathroom. The Irish Independent, 7th April
Crowe Quarterly Update The Irish hotel market showed continued resilience in 2025, with Dublin occupancy reaching 84% and regional Ireland recording 72%. ADR stood at €174 in Dublin and €168 regionally, resulting in RevPAR of €146 and €121 respectively. Inbound tourism declined by 3% during the year, while day-to-day spending by overnight visitors from abroad fell by 8.5%. Strong domestic travel demand continued to support the sector. The Irish hotel market recorded €1.7bn in transactions in 2025, led by the €1.4bn sale of the Dalata Group. A further 66 hotels changed hands during the year. Ireland welcomed just over 6.4 million overseas visitors in 2025, a 3% decline compared to 2024. Visitors spent 47.9m nights in the country, with an average stay of 7.5 nights. Total expenditure reached €5.5bn, around 9% lower than the previous year, with €2.29bn spent on accommodation. Crowe Hospitality, Tourism & Leisure Quarterly Update, 8th April
Patrick Street, Cork City A Swiss investor has bought the former Tung Sing restaurant premises in a deal worth over €1.8m. No 23 St Patrick’s Street comprises a 4,499 sq. ft three storey building. The upper floors had operated as a family-run Chinese restaurant from the early 1960s until its closure in 2024. Plans for the former Tung Sing premises include retaining its upper floors as a restaurant, while jewellers H Samuels will continue to trade from the ground floor commercial unit, having recently signed a 10-year lease, up to June 2035. Frank V Murphy, acting for the Swiss buyer, said the intention is to rent out the upper floors to a restaurant operator at an annual lease of €45,000 pa. Savills brought the property to market late last year with a guide price of €1.7m. The Irish Examiner, 9th April
O’Connell Street, Dublin 1 A prominent mixed-use building on O’Connell Street in Dublin with planning permission in place for a hotel development has been sold for approx. €7m. JLL has confirmed the sale of 1-2 Upper O’Connell Street, 29 North Earl Street and 10 Cathedral Street, Dublin 1 to Star Stone Property Group. The building was launched to market in May 2025 with a €9m guide. The six-storey over-basement property extends c.23,000 sq. ft and occupies a high-profile corner site overlooking the Spire. The building, constructed in 1917 and listed as a protected structure, is best known as the former location of the Kylemore Café. Planning permission was granted in May 2023 for a change of use to a 38-bedroom hotel across the upper floors. The ground floor and basement levels retain retail accommodation, with part of the property currently producing income through a lease to Dunnes Stores. The Business Post, 9th April
Blanchardstown, Dublin 15 US institutional investor Strategic Value Partners may be at the early stages of considering selling Blanchardstown Centre. It bought the shopping centre from Goldman Sachs only a little over 18 months ago for approx. €600m. The shopping centre has 1.2m sq. ft of space and 180 tenants. The Sunday Times reports that the fund has speedily secured a lot of lease deals, new tenancies and renewals. Blanchardstown Centre was developed by Stephen Vernon’s Green Property before being sold to Blackstone for €950m in 2016. Goldman Sachs took control of the centre at the start of the pandemic in 2020 in a debt-for-equity swap that valued the complex at close to €750m. The Sunday Times, 12th April
IFSC, Dublin 1 French investor Iroko Zen has paid €23.165m for Macken House, a fully let and fully upgraded office investment in the IFSC. The 51,347 sq. ft modern six-storey building is located on Mayor Street Upper and includes 42 basement car-parking spaces. The first to fifth floors comprise office accommodation and are let to Italian luxury jewellery brand, Bulgari, and FM104 owner, the Wireless Group. The ground floor includes an office unit of 15,635 sq. ft let to Virgin Media, along with two retail units with a total combined space of 3,717 sq. ft let to Insomnia and Mulligans chemist. The property is generating a passing rent of €2.02m pa, with the three office leases accounting for almost 90% of the total rent. Macken House has a WAULT of 5.3 years to earliest break/expiry. The Irish Times, 8th April
Half Moon Street, Cork City Empyrean Solutions, a fintech firm is set to move into the former Apple offices on Cork city’s Half Moon St, which John Cleary Developments (JCD) bought in January in a deal valued c. €30m. Empryean Solutions has been working out of Penrose Quay, also owned by JCD for the past few years. It is expected the company will relocate to Half Moon St next month, where they will be early tenants at the refurbished building. JCD previously said it was investing €5m in upgrades and in improving the building’s energy credentials. The Wilson Architecture-designed premises was developed by O’Callaghan Properties and completed in 2010. It extends to over 115,000 sq. ft. Tech giant Apple Europe previously had offices in the building, before relocating in 2021 to BAM/Clarendon’s new development at Horgan’s Quay. The Irish Examiner, 8th April
Dublin Office Market Dublin’s office market saw a healthy start to the year when take-up of space totalled 396,095 sq. ft across 45 transactions during the first three months, according to preliminary research by JLL. Take-up equates to 39.5% above first-quarter averages for the last five years. Furthermore, the number of office occupier deals is 33% more than first-quarter averages over the same period. Relocations to new offices accounted for 60% of take-up and 195,318 sq. ft taken across 27 deals. New entrants to the market represented 22% of take-up, 113,445 sq. ft, across 10 deals. Expansions of existing offices accounted for the remaining 18%, 87,332 sq. ft, across eight deals. At the end of March, as much as 818,967 sq. ft was under offer or reserved. Prime headline rents in Dublin currently stand in the region of €62.50 to €65 psf. The Irish Independent, 9th April
Townsend Street, Dublin 2 Enterprise Ireland, has selected the Dublin office development, 160 Townsend, as its preferred new headquarters. Developer John Byrne’s Alstead Securities’ 160 Townsend is located in the heart of the city centre, close to Trinity College Dublin and Tara Street train station. The property has up to 100,494 sq. ft available, which could accommodate up to 933 desks. Property agent JLL’s website lists the rent as up to €65 psf a year. Sources told the Sunday Independent that Enterprise Ireland is seeking to lease the entire office building, indicating a potential rent of over €6.5m per year for the agency. However, it is understood that the amount set to be paid will be lower. A combination of factors would allow a lower rent, including a likely long-term lease and Enterprise Ireland renting the entire property. The Sunday Independent, 12th April
Stepaside, Dublin 18 The chief executive of Dún Laoghaire-Rathdown County Council is asking councillors to support the redesignation of south Dublin golf facilities for future housing despite strident opposition from locals and the owner of the lands. Councillors will vote on amendments to the county development plan to increase the amount of land available for housing. Lands identified for rezoning are primarily in the growth areas of Sandyford and between Shankill and Bray. However, the council also identified “long-term strategic and sustainable settlement sites” that it does not plan to rezone immediately, but “may deliver housing” in the future. These are currently greenbelt, agricultural or amenity lands in areas such as Rathmichael, Carrickmines, Kilternan and Stepaside. Lands at the Stepaside Golf Centre have been included in this category. More than 700 submissions were made to the council of which 60% were objections. The Irish Times, 8th April
Commercial Real Estate Investment in Irish commercial real estate was €2.5bn in 2025 and was tipped to push towards the €3bn for 2026. In Q1 2026 total investment in the sector was c.€440m. This represents a drop of around 19% from figures reported by Lisney and CBRE last year of around €545m. Of the €440m invested in Q1, through 22 transactions, the single-biggest investment was the acquisition of Newmarket Yards in Dublin 8 by Beo Ventures. The site was acquired for c.€210m and comprises 203 studio apartments, 136 one-bedroom apartments, 72 two-bedroom apartments and two three-bedroom homes. The sale reflects a net initial yield of slightly less than 5%. MEAG, a German real estate asset manager, bought 18 Newmarket Square in Dublin 8, which comprises 134 apartments, in a deal worth around €75m. Ires Reit acquired 77 residential units in Naas for €31.75m. The Business Post, 9th April
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Leeson Street, Dublin 2 JLL is guiding €8.5m for the Leeson Inn, a refurbished boutique hotel located at the junction of Leeson Street Lower and Hatch Street Lower. The Georgian building features 26 recently refurbished guestrooms, a breakfast room and a reception and has undergone a comprehensive, property-wide refurbishment in recent years. JLL said Leeson Inn has development potential and comes with restaurant space at garden level with access to the outdoor space. The 0.03-acre rear development site at 32 Hatch Street Lower is available for sale either together with the hotel or as a separate lot at a cost of €750,000. The site has historic planning consent for 10 additional guestrooms and offers potential for a new residential or hotel scheme. The Business Post, 2nd April
Dalkey, Co. Dublin Joint agents BDM Property and JP Younge Auctioneers confirmed the sale of The Dalkey Duck pub, which occupies a prominent corner position at the entrance to Dalkey village, at the junction of Castle Street, Ulverton Road and Barnhill Road in a deal understood to be in line with its €2.5m guide. The purchaser is a consortium of private investors that includes publican Alan Hughes, whose family is associated with The Grange in Deansgrange. The group also owns and operates Boland’s of Stillorgan. The Dalkey Duck came to market in March 2025. It is a two-storey licensed premises, with multiple trading areas including a snug and a central bar. At the rear, there is a large, partly covered patio and beer garden, while overhead accommodation comprises a two-bedroom apartment with its own south-facing terrace. The Business Post, 2nd April
Cork Pub Sales Lisney Commercial confirmed that the vendors of Paddy the Farmers have accepted an offer of the €1.9m asking price. The Old Blackrock Rd/Summerhill South premises, along with nine overhead apartments, is being sold by the Seán McCarthy-led local hospitality group, who disposed of Soho bar/restaurant on Grand Parade in 2023. The group is also selling waterfront premises Tequila Jack’s, via Lisney, where advanced talks are under way with a Dublin-based restaurant operator. Tequila Jack’s, a Mexican restaurant and tequila bar on Lapps Quay, is guiding €1.3m. The sale of The Grange bar, via Cohalan Downing, is expected to close shortly at a price in excess of the €1m guide. The premises sits on a 0.54-acre site on Grange Rd. Meanwhile, the tender deadline was yesterday for The Viaduct bar and restaurant, a 7,000 sq. ft property which is guiding €1.6m. The Irish Examiner, 2nd April
Swords Road, Santry UK logistics developer Chancerygate and investor Bridges Fund Management have completed their €40m logistics development, Airport Trade Park, close to Dublin Airport where three units have also been pre-let. The 120,260 sq. ft development is located on a five-acre site on Swords Road in Santry, 1.7km south of Dublin Airport and approx. 8km north of Dublin city centre. It comprises 13 units ranging from 3,615 sq. ft to 22,670 sq. ft. The three pre-let units totalling 31,200 sq. ft were all secured ahead of practical completion. Corporate gifting and branded merchandise company Imprint Engine took a 16,100 sq. ft unit on a 15-year lease, while electrical connectors and tooling manufacturer Cembre will occupy a 7,550 sq. ft unit on a 10-year term. Networking and firewall software company Netgate, took a 7,550 sq. ft unit on a 10-year term. The Independent, 2nd April
Ballymount Road, Dublin 12 A warehouse facility on Lower Ballymount Road has been brought to the market to let with a guide rent of €1.275m per annum being quoted by joint letting agents Savills and JLL. The property was formerly let to EuroGeneral, the company which operated a chain of 77 EuroGiant stores nationwide, which went into liquidation in February. The agents are offering the premises on a new lease of up to five years. Extending to approximately 131,100 sq. ft it occupies a prominent position within an established industrial and logistics location. The property comprises a twin-span detached warehouse with integrated office accommodation and benefits from extensive yard space and loading facilities. Its warehouse has a clear internal height of 6.87 metres and is currently fitted with racking which can be made available. The Independent, 2nd April
Liffey Valley, Dublin 22 The Eircom Superannuation Fund, the scheme responsible for the pension benefits of current and former Eir workers, is finalising plans to sell the Retail Park at Liffey Valley. The scheme, which is located immediately adjacent to the vast Liffey Valley Shopping Centre, is expected to come to the market through Bannon in September at a guide price of approx. €60m. Acquired by the then Telecom Eireann SA Pension Fund fund in 1999 from its joint developers Grosvenor Estate Holdings and O’Callaghan Properties at a cost of €57m, the scheme comprises 205,514 sq. ft of retail accommodation distributed across 12 units and a drive-through restaurant along with 550 free surface car-parking spaces. The tenant line-up includes Sports Direct, EZ Living, Jysk, The Range, PC World, Halfords, Maxi Zoo, CarpetRight, Harry Corry and McDonald’s. The Irish Times, 1st April
Grafton Street, Dublin 2 Grafton Street, which extends to 515 metres in length, and home to 89 retail units and more than 400,000 sq. ft of retail space, has demonstrated exceptional resilience and renewal following the disruption of the Covid-19 pandemic, according to a study by Colliers. There have been 25 new store openings between 2020 and 2025. Despite headline vacancy rising to five units in 2025, vacancy represents just 2% of total retail floorspace. Rental levels, which peaked before the global financial crisis and again reached strong levels by early 2020, declined during the pandemic but stabilised by 2025 at c.€500 psf. A recent landmark letting to Levi’s at No.42 Grafton Street has set a new benchmark rent of €540 psf. Pre-Covid, funds owned 51 properties, now down to 36. In the same period, private investor ownership has jumped from 22 to 39 properties, with private investors now the dominant owner type on the street. The Irish Times, 1st April
William Street, Galway City Mountain Warehouse has agreed to occupy the former Treasure Chest at 31 William Street, securing a presence on the city’s prime shopping street. The outdoor clothing and equipment retailer has taken the premises as part of its ongoing expansion across Ireland. The location at the corner of William Street and Edward Square benefits from strong pedestrian footfall and is regarded as one of Galway’s prime retail pitches. Cushman & Wakefield acted on behalf of the landlord in the transaction, while Shiells & Co represented the tenant. Mountain Warehouse’s new store is expected to open for business in the former Treasure Chest building following the completion of fit-out works, which are ongoing at present. The Irish Times, 1st April
Harcourt Terrace, Dublin 2 BDM Property are seeking a tenant for the offices at 6-7 Harcourt Terrrace. The 8,805 sq. ft, four-storey over-basement Palladian-style building is currently undergoing a substantial redevelopment with a view to creating a highly sustainable office building behind its original 1830s façade. Upon completion of these works, the property will have an A3 BER rating and include a range of energy-efficient features such as PV panels, high-performance insulation, an air source heat pump and 100 per cent LED lighting with motion sensors. The property also has ample car parking with two electric vehicle (EV) charge points. Situated just off Adelaide Road and the Grand Canal, 6-7 Harcourt Terrace is located within walking distance of St Stephen’s Green and the Luas green line stops at Charlemont and Harcourt Street. The Irish Times, 1st April
Sandymount, Dublin 4 Finnegan Menton is guiding €1.5m for Gilford Hall. Located on Gilford Road and within walking distance of Sandymount village and Sandymount Dart station, subject property, a former Quaker meeting hall, is in use as three independent office units and is generating €99,700 pa. This income will reduce to €67,700 annually in July when one of these offices is due to be vacated. The remaining leases with SRJ Vision and Hussey Architects are due to expire in July 2028 and June 2030 respectively. Gilford Hall comprises a cut-stone two-storey building 2,560 sq. ft with a single-storey extension of 1,055 sq. ft and has 16 car-parking spaces. The property occupies a 0.33-acre site and is located immediately adjacent to Bethany House, which was recently redeveloped by Clúid Housing as 62 apartments. The Irish Times, 1st April
Dublin 2 The Sunday Times reports that Matheson has hired Knight Frank to help it look for more than 140,000 sq. ft of office space, before the lease at its building on Sir John Rogerson’s Quay expires in 2031. Matheson joins Mason Hayes & Curran and McCann FitzGerald which are also on the hunt for office space in Dublin city centre. Between them, the three leading law firms are hunting for 450,000 sq. ft of offices. Matheson is thought to be focusing its search on the Dublin 2 area. The company occupies Riverside IV at 70 Sir John Rogerson’s Quay, on the southside of the Liffey. It signed an 11-year lease on the building in 2020, paying annual rent of €7.35m. The building was owned by Irish Life at the time but the following year was sold to German fund Deka. The Sunday Times, 5th April
Rathmines, Dublin 6 DNG is guiding €3.6m for a three-storey apartment block in Grosvenor Square. Built in the 1970s, the apartment block in Grosvenor Square comprises 12 self-contained apartments roughly 484 sq. ft each. The property sits on a plot of some 0.39 acres with off street parking at the rear and on street parking on Grosvenor Square. The property has a BER rating of G and comes to market with current occupancy of eight units. The agent said the property could be of interest to both investors and builders, and has strong redevelopment potential given its location and the space afforded by the building. Each apartment is approximately 11m x 4m and contains one bedroom, one bathroom, one kitchen and one living room. The Business Post, 2nd April
Stepaside, Dublin 18 A tranche of six apartments in Stepaside are going for auction at a guide price that suggests a discount to market levels. BidX1 is guiding €1.245m for apartments 2,4,5,7,8 and 9 at Old Castle View, Kilgobbin Road, Stepaside. That equates to an average of €207,500 for the six which comprise five two-bedroom units and one one-bedroom unit ranging in size from 614 sq. ft to 710 sq. ft. Last October a group of four other apartments in the same complex sold for €1,081,000 which equates to a higher average of €270,250 per apartment. However, some of the October units were larger than those going in the latest auction. The October average price may also have been boosted by the fact that all four of those units were vacant. In contrast in this month’s auction, four of them are tenanted and generating €89,982 in annual rent. The Irish Independent, 2nd April
Dublin City Owners of derelict buildings in Dublin are facing a crackdown under plans to impose millions of euro in levies on more than 350 additional vacant properties. Dublin City Council will, in the coming months, increase staff levels in its derelict sites section with a view to developing a new citywide map of dereliction and more than trebling the number of sites on the Derelict Sites Register liable for levies, from just under 140 to at least 500 properties. The map is being prepared in advance of the introduction of a new Derelict Property Tax, which will replace the levy and will be collected by the Revenue Commissioners instead of local authorities. In tandem, the council is establishing a new development company or “special purpose vehicle” to regenerate the city centre. This council-owned company will be empowered to borrow money, buy sites and enter into joint ventures, separate from the council or the State balance sheet. 850 buildings are under “active investigation” for potential inclusion on the register, the council said. It expects that, over the next two years, 500 of those could be added to the register, with owners collectively facing millions of euro in penalties. The Irish Times, 4th April
Irish Transactions, Q1 2026 Approx. €1.2bn worth of Irish property assets are currently being marketed, with an estimated €750m under active legal negotiation, according to agents TWM. TWM issued figures for Q1 2026 which show total investment spend reached €443m. The standout transaction of the first quarter was GIC’s acquisition of Newmarket Yard residential complex in Dublin 8 for €212m, the largest single asset transaction since the acquisition of Blanchardstown Shopping Centre in 2024. The second largest deal was the acquisition of a portfolio of five industrial units in Dublin for €33m. The office sector performed strongly, recording €136m in investment, the second largest share of the market. A French fund bought Macken House for c. €23m. A notable regional deal in the first quarter was Fine Grain’s sale of Hawthorne House office building in Limerick to a French fund, Arkea Reim, for €16m. The Irish Independent, 3rd April
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €9.5m, interest only facility, secured on a mixed-use property portfolio in Limerick and Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 24th March
Excise Walk, Dublin 1 HWBC is guiding €5.25m (10.54% NIY) for eight retail units and seven car spaces at Excise Walk in the IFSC. The eight units extend to 16,418 sq. ft and form part of a parade of multi storey residential buildings with the retail units located on the ground floor of each block. Units range in size from 334 sq. ft to 4,809 sq. ft. Of the 16,418 sq. ft, six tenants, Grafton Barbers, Ladbrokes, AIB, Subway, Milanos and Nero Holdings Ltd occupy 10,918 sq. ft and generate €454,940 pa with a WAULT of 4.35 and WAULB of 3.46. Three units and the seven car spaces are vacant. The subject units are located on the west side of Excise Walk in the heart of the IFSC. HWBC Press Release, 26th March
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Ladbrokes, Nationwide Bookmaker Ladbrokes has stated that up to 39 of its shops in Ireland are to close. Ladbrokes operate just more than 100 shops across the country. The company said 226 roles were at risk, subject to consultation, with staff informed on Monday. Ladbrokes, owned by London-listed Entain, will continue to employ more than 350 people in Ireland and operate more than 66 shops nationwide. Late last year, rival Flutter, the owner of Paddy Power, made a similar move when it announced the closure of 28 shops in Ireland, citing “increasing cost pressures and challenging market conditions.” The group, which also owns Coral and BetMGM, said total group net gaming revenue (NGR), the amount of money the company retains after paying out winnings to customers, increased by 7% at constant currencies, slowing from 10% growth in the first half of the year. The Business Post, 31st March
IFSC, Dublin 1 German investor Real IS has instructed Colliers to offer the offices at 2 Harbourmaster Place to the letting market. Located in the heart of the city’s International Financial Services Centre, the property comprises 43,000 sq. ft of Grade A office accommodation distributed across five floors. The floor plates average 9,000 sq. ft and each floor is available to lease individually or combined to create larger, self-contained headquarters. The building is finished to a high specification, with raised-access flooring, suspended ceilings, air conditioning, LED lighting and shower facilities. In addition to its internal features, 2 Harbourmaster Place also has 31 secure underground car parking spaces along with ample bicycle storage. Colliers are quoting €47.50 psf, with car spaces available for €4,000 per space annually. The Irish Times, 25th March
Baggot Street, Dublin 2 A private Irish investor is in line for a net initial yield (“NIY”) of 8.75% following their purchase for just over €3.3m of a multi-let office investment on Baggot Street. Located within a short walk of the offices of the Department of Finance, Government Buildings and the five-star Merrion Hotel, 142-143 Baggot Street was offered for sale by QRE Real Estate Advisers last September on the instruction of receivers Deloitte at a guide price of €3.5m. Although the property, which comprises three floors of office space above ground-floor level, had been generating about €202,000 in annual rental income from several occupiers when it first came for sale, QRE secured additional tenants for the vacant first and third floors alongside the regearing of the existing second-floor lease. The building’s annual rental income increased to €320,000 as a result of this strategy. The Irish Times, 25th March
Ballina, Co Mayo Joint agents Colliers and Property Partners Garrett Loftus are quoting €1.75m for The Downhill Inn Hotel, a 45-bedroom three-star hotel. Set on 3.13 acres of mature, landscaped grounds, each of its bedrooms is ensuite and they range between a variety of room types including double, twin, triple and family accommodation. Facilities include a restaurant, bar/lounge, sun terrace and landscaped garden areas. The property also benefits from a seven-day licensed premises and extensive on-site parking. The property is located just outside Ballina town centre, on the Sligo Road, and is 41km from Ireland West Airport Knock. The Irish Independent, 26th March
Baggot Street, Dublin 2 An Coimisiún Pleanála (“ACP”) has refused planning permission for a seven-storey luxury hotel proposed for Dublin’s Baggot Street. In May last year, plans for a 30-bedroom hotel at 73 Lower Baggot Street were lodged by the Corcoran family, who operate the four-star Perryville House in Kinsale, through their firm The Kilcolman Partnership. Plans for the proposed development included changing the use of the site from offices to hotel, as well as the demolition of the existing single-storey side extension and the construction of the seven-storey hotel block. Considering the adjacent protected structure and conservation area, ACP decided the development would be “overly dominant and overbearing” and would detract from the prevailing height, scale and appearance of the surrounding street. The Business Post, 27th March
Ireland Student Accommodation Review 2025. Strong student demand continues to build. Full-time enrolments keep rising, reinforcing long-term need for high-quality purpose build student accommodation (PBSA) across Ireland. Growth in the student-aged population and sustained international interest point to a steadily expanding demand base for PBSA. New delivery is still well below what the market requires, maintaining significant accommodation shortfalls in key cities. 2025 saw another weak year of supply with total stock barely shifting, ending the year at approx. 47,000 beds. Limited supply, strong occupancy and persistent demand help underpin robust rental dynamics for existing and future schemes. Updates to design standards, taxation and rental regulation are creating a clearer, more supportive environment for PBSA delivery. Capital interest in PBSA has rebounded, with €183m invested in 2025, and is supported by clearer policy signals, resilient demand and a maturing investment landscape. Cushman & Wakefield Report, 27th March
Clongriffin, Dublin 13 Joint agents Hooke & MacDonald and Knight Frank are guiding €120m for 282 apartments at Two Three North in Clongriffin. The price equates to an average of €425,531 per apartment. The Two Three North portfolio comprise a mix of 236 private rented sector (PRS) apartments and 46 apartments let to Dublin City Council on a 25-year lease, with more than 21 years remaining.The PRS element of the portfolio is 13% under-rented, offering significant reversionary potential once these units turn over. If sold for €120m, it would equate to a NIY of 4.83% on the PRS element of the scheme and 4.5% on the Dublin City Council income. This equates to a blended NIY of about 4.79% and a reversionary yield of 5.47% once the scheme is fully occupied with market rents applied to new tenancies. The Irish Times, 25th March
Smithfield, Dublin 7 Having sought and secured planning permission on appeal from An Bord Pleanála in 2017 for the construction of 30 apartments next to Dublin’s Smithfield Square, Co-operative Housing Ireland has abandoned its plan to develop the site. While that planning permission has expired, agent Hooke & MacDonald believes it establishes a strong precedent for the incoming purchaser of 84 North King Street to seek approval for the development of a multi-storey residential scheme with ground-floor commercial space. The guide price for the property is only being made available to interested parties upon application to the selling agent, but the site is expected by market sources to command in the region of €2m. Number 84 King Street is immediately adjacent to Smithfield Square. The property has dual frontage on to North King Street and North Brunswick Street. The Irish Times, 25th March
Rathcoole, Co. Dublin Coonan Property is guiding €1.05m for 23.5 acres located at Crockshane, to the south of the growing commuter town of Rathcoole. That guide is a reduction of €100,000 on the guide price which Coonan quoted when offering it for sale last November. The lands will be sold by auction and while the lands are not zoned currently, the price suggests strong hope value on the prospect of rezoning the land for either residential or logistical use. The Irish Independent, 26th March
Blackchurch and Tuckmilltown, Co. Kildare Jordan Auctioneers are offering 41 acres of high-quality agricultural land for €900,000 by auction. Located at Blackchurch and Tuckmilltown, it is just off Junction 6 Castlewarden on the M7 dual carriageway, bestowing it with connectivity to Dublin, the M50 and the wider national motorway network. Dublin city centre lies approximately 23km away, the M50 at Red Cow can be reached in around 12 minutes, while Naas is just 10km to the south. The Irish Independent, 26th March
Peakcockstown, Co. Meath Coonan Property is auctioning an 80.6-acre holding at Peacockstown, Co Meath. The lands are being offered in four lots, comprising 17.8 acres, 41.55 acres and 21.25 acres, or as a single lot. Laid out in grassland and described as “good quality lands which have been well maintained over the years,” the property has traditionally been used for agricultural purposes. However, it is the location that is likely to drive interest beyond the farming sector. Positioned close to Ratoath town and the Meath-Dublin border, the lands benefit from frontage onto the Kilbride Road, as well as access via Glascarn Lane and a cul de sac known locally as Brennan’s Lane. The agent noted the land’s proximity to the M2 and M3 motorways and the M3 Parkway rail station at Dunboyne The Business Post, 26th March
Dublin Apartments Kennedy Wilson has struck a deal to take over three projects to build €1bn worth of apartments in Dublin from Hines Ireland, the Business Post can reveal. In 2017, APG Asset Management and Hines set up a joint venture to build more than €1.3bn worth of apartments in Dublin. CWTC Multi Family ICAV, majority controlled by APG, has spent close to €450m to develop a 1,200-apartment project in Cherrywood. The fund also has permission to build an additional 2,500 apartments on the former Holy Cross College site in Drumcondra, and the former Player Wills and Bailey Gibson adjoining sites on Dublin’s South Circular Road. These projects are expected to cost more than €1bn to complete. Hines Ireland has reached an agreement to exit its interest in CWTC Multi Family ICAV, with Kennedy Wilson, one of Ireland’s biggest landlords, stepping in to take over as APG’s development partner in Ireland. The Business Post, 28th March
Ringsend, Dublin 4 More than 700 apartments being developed at Dublin’s former Irish Glass Bottle site will be part of an Oaktree UK property portfolio, which it plans to float on the stock market in London. The Ringsend apartments are part of the initial phase of a wider 37-acre scheme expected to deliver about 4,000 homes. They will account for around a quarter of a 2,750-unit seed portfolio Oaktree plans to float. Oaktree is expected to launch an Initial Public Offering in London, with property publication Green Street News valuing the portfolio at €1.73bn. In January, Deutsche Bank agreed a financing deal worth €415m for the site, being developed by a consortium led by the Ronan Group. The deal was agreed by Pembroke Beach DAC, a joint venture between Lioncor, Oaktree Capital Management and Johnny Ronan’s Ronan Group Real Estate. The Business Post, 26th March
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New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €9.5m, interest only facility, secured on a mixed-use property portfolio in Limerick and Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 24th March
Carrickmines, Dublin 18 Joint agents Colliers and Savills are guiding €40m (8.7% NIY) for The Park Collection, a substantial mixed-use portfolio at Carickmines Park. Located immediately adjacent to the wider Carrickmines Park, the large-scale retail park owned and managed by Iput, the Park Collection comprises a total of 132,000 sq. ft of office, medical and retail accommodation distributed across four buildings along with 207 car-parking spaces. The portfolio is 90% occupied, has a WAULT of approx. four years, and is generating €3.85m pa. The tenant profile is diverse across the four buildings and includes OPW, HSE, Highfield Energy, Avoca Clinic, Cognate Health, O’Briens Wines, Thérapie Fertility Clinic, AIB and Venus Medical. The Park Collection is being offered for sale either as one lot or in four separate lots.. The Irish Times, 18th March
Letterkenny, Co. Donegal The Radisson Blu Letterkenny has been acquired in an off-market deal by Lanthorn for the TMR Hotel Collection, the portfolio of four and five-star hotels assembled by Austrian investor, Thomas Röggla. While the value of the transaction has not been disclosed, The Irish Times understands the 114-bedroom four-star venue was sold for a figure in excess of €16m (c.€145,000 per key). The Radisson Blu Letterkenny is TMR’s third acquisition in the last 14 months and follows on from its purchase of the Fleet Hotel in Temple Bar in Dublin and the Kilkenny Ormonde Hotel. The collection also includes: Aghadoe Heights Hotel in Killarney; Ballymascanlon Hotel & Golf Resort in Dundalk; Farnham Estate in Cavan; Dunboyne Castle Hotel in Meath; Harvey’s Point in Donegal, and Mount Wolseley Hotel in Carlow. The Irish Times, 18th March
Newport, Co. Mayo TLD Horizons has been appointed to sell Hotel Newport, a three-star hotel on Main Street, Newport guiding €1.95m. The 31,000 sq. ft property was built in 2005 and includes 30 en-suite bedrooms, the highly regarded Seven Arches Bar and Bistro and the Cobblers Restaurant. Its dedicated function room with independent bar facilities can cater for up to 175 guests attending banqueting and other events. On-site it also has parking for 35 cars. Situated just 11km north of Westport, the current vendors, Greenway Hotels, bought it approx. five years ago and undertook a €220,000 capital investment programme. The Irish Independent, 19th March
Tallaght, Dublin 24 Colliers are quoting €13 psf for a new 10-year term for Unit 13-B1 at Cookstown Industrial Estate. The property has only recently been vacated following the appointment of liquidators to its previous tenant, Reward Catering. Unit 13-B1 comprises a fully refurbished warehouse property with two-storey office accommodation extending to a total area of 26,210 sq. ft. The warehouse has sealed concrete floors, LED spot lighting and gas‑fired warm-air blowers, with efficient functionality supported by two electric roller-shutter doors and a clear internal height of approx. 5.5m. The warehouse is complemented by 7,491 sq. ft of two‑storey office accommodation positioned at the front of the building. The property has an enclosed yard and 19 designated car parking spaces. The Irish Times, 18th March
Nutgrove, Dublin 14 Nutgrove Shopping Centre in South Dublin is guiding €27.2m. A controlling interest in the company that owns much of the property, including its large surface car park and a mix of shops on a site of 12.5-acres, as well as managing the entire development is being sold through Savills. It includes control of the management company and the 810-car surface car park, together with 66 of the 90 units within the scheme. Nutgrove Shopping Centre dates back to the early 1980s, is home to Europe’s oldest drive through McDonald’s, and the centre is anchored by owner-occupied stores including Dunnes Stores, Tesco and Penneys. There is also a new Omniplex LUX cinema within an owner-occupied unit. The property generates c. €2.9m pa and vacancy is c. 3%. Key tenants within the subject holding include Maxi Zoo and Circle K filling station. The Irish Independent, 19th March
Dún Laoghaire, Co. Dublin DNG is guiding €1.4m for 89 George’s Street Lower, Dún Laoghaire. The retail investment is let to Danish homewares retailer Søstrene Grene, which occupies the ground floor and basement under a new 10-year FRI lease from January 2025 at €110,000 pa, with a break option in 2030. Extending to 6,426 sq. ft, with frontage onto George’s Street, the ground floor is laid out for retail use with storage and staff facilities at the rear, while the basement, accessed from Sussex Street, provides additional storage and operational space, supported by a goods lift. The upper floors of the building comprise residential accommodation in private ownership, offering a degree of separation from the commercial element. The property is held on a long leasehold title, and VAT is not expected to be charged on the sale. The Business Post, 20th March
Main Street, Wexford Town An extensive retail premises in the heart of Wexford town is available to lease through Kehoe and Associates following the sudden closure of EuroGiant after liquidators were appointed to the loss-making chain of discount retail stores. The three-storey over-basement commercial building at 26 North Main Street boasts extensive ground floor retail space and sits on a prime location on the busy pedestrianised street. The property is on the rental market for an annual rent of €65,000 or €5,417 monthly. In addition to the ground floor retail area, the building includes substantial storage and ancillary space across the lower ground/basement, first floor and second floor, making it suitable for a variety of retail uses. The Irish Independent, 20th March
Santry, Dublin 9 CBRE Ireland confirmed the sale of a 0.74-acre purpose-built student accommodation development site at Northwood on behalf of Interpath with the purchaser understood to be MKN Property Group. The site comes with full planning permission for a scheme of 170 student bed spaces, arranged predominantly in eight-bed clusters, and includes a range of student amenities such as study rooms, games rooms, laundry facilities, breakout areas and outdoor space. Located within the established Northwood Campus at Santry Demesne, the site sits less than 2.5km from DCU and is within close proximity to Beaumont Hospital and Dublin city centre. The site was brought to market last year with a guide price of €3.4m, and the sale was just shy of the guide price. The Business Post, 19th March
Rathmines, Dublin 6 DNG is guiding €3.6m for 31-35 Grosvenor Square. The property comprises a three-storey block extending to 7,621 sq. ft and contains 12 one-bed, self-contained apartments. Each has a floor area of about 484 sq. ft. Eight of the 12 apartments are occupied. Their rental income would present an opportunity for a value-add investor to generate income while enhancing the vacant apartments which were constructed in the mid-1970s. Alternatively, it would provide income for a developer while waiting for the planning system to process a redevelopment planning application which could increase the number of units and enhance their appeal. DNG believes that an option is to add an L-shaped extension to the block. Currently its 0.39-acre site area accommodates off-street resident parking to the rear. The Irish Independent, 19th March
Dún Laoghaire, Co. Dublin DWS, a subsidiary of Deutsche Bank, has launched the sale of two apartment schemes in Dún Laoghaire guiding €220m. The price represents a c.12 % premium on the amount the German fund paid for the homes in 2020. Earlier this year, the German asset management firm hired Savills to prepare 368 apartments spread across Cheevers Court and Haliday House for sale, as reported by the Sunday Times. The Frankfurt-listed firm acquired the Dún Laoghaire apartments for €195m from the Cosgrave Group in 2020. A guide price of €220m would equate to more than €597,000 per home. DWS, led by Stefan Hoops, has more than €1trn in assets under management worldwide. The firm entered the Irish market in 2018 and within two years spent close to €1bn across a range of real estate sectors, including commercial and residential. The Business Post, 16th March
Kinsale, Co. Cork Sheehy Brothers Auctioneers is guiding €1.75m for a prime development site in Kinsale with planning permission for 18 luxury homes. The 1.3-acre land parcel is located at Rampart Lane and Blind Gate Street, in the Townplots area of Kinsale and adjoins the Convent Garden development, an 85-unit residential scheme. Having acquired the site for an undisclosed sum, the vendors Park Developments, subsequently sought planning permission for 18 homes, including two semi-detached five-beds; four end-of-terrace four-beds; six mid-terrace four-beds; three two-bed ground floor apartments (simplex units) with three three-bed duplexes overhead. Permission was granted, under appeal, by An Coimisiún Pleanála, in November 2024, and the site is now being sold with the benefit of a full planning grant. The Irish Examiner, 19th March
Cherrywood, Dublin 18 Plans to accelerate the delivery of a long-awaited town centre at Cherrywood have taken a significant step forward following a key vote by Dún Laoghaire-Rathdown County Council. A central feature of the revised framework is a shift towards a more integrated mix of residential, retail and employment uses. The plan provides for about 2,000 additional homes, with scope for further delivery in line with updated apartment guidelines. The revised approach also updates employment zoning within the core town centre area, replacing traditional office designations with a more flexible mixed-use category, while maintaining Cherrywood’s role as a strategic employment location. The decision follows an extensive consultation and review process aimed at addressing one of the most persistent criticisms of Cherrywood’s development to date, the lag between residential delivery and the emergence of a defined urban core. The Business Post, 19th March
Naas Road, Dublin 12 The Land Development Agency (LDA) in partnership with the O’Flynn Group has announced plans to deliver 542 new homes in Dublin. The apartments are being delivered as part of Southwest Gate, a residential scheme on the Naas Road. The first phase of 542 new homes is being delivered through the LDA’s Project Tosaigh, its affordable housing initiative. When completed, the scheme will include 1,140 new homes along with a hotel, ancillary retail and commercial accommodation. All 542 new homes will be made available as cost rental, while 52 social homes will be delivered separately. The Business Post, 23rd March
House Prices The Central Statistics Office’s (CSO) latest Residential Property Price Index indicated that while the national property price increase is 7% in the year to January 2026, there are disparities across the State. Prices are rising fastest for houses in the Midlands, up 15.9%, and lowest in Fingal where houses were costing just 3.8% more than last year. Prices for apartments (9.1% nationally) are rising faster than for houses (6.6%) over the past 12 months. And, within the apartment sector, apartments outside the capital are seeing increased demand, with prices 12.9% up on January 2025. The figures indicated that the average price of a home purchased in the 12 months to January was €432,082 while the average in Dublin was €592,594. The average price paid in Dún Laoghaire-Rathdown, the most expensive local authority area, was €789,619. The Irish Times, 18th March
Credit Unions The Irish credit union movement is close to having €1bn of mortgage loans, following strong growth in recent years amid an easing of sector lending restrictions, according to the Irish League of Credit Unions (ILCU). The league, which represents 90% of active credit unions in the country, said that the mortgage book of its members surged 26% last year to €754m. However, it estimates that the wider sector ended 2025 with a home loans portfolio of €992m and is “closing fast on the €1bn milestone”. This equates to less than 1% of the total €109bn of Irish owner-occupier mortgages outstanding in December, according to Central Bank data. Mortgages represented 11.5% of the overall loan portfolio of ILCU members at the end of last year, up from 10.1%, reflecting a decisive shift in how members are using their credit union. The Irish Times, 20th March
Blanchardstown, Dublin 15 Equinix has commenced construction of a new data centre in Blanchardstown. The new building, DB7x, located close to two of Equinix’s existing data centres, will require no additional grid power connectivity, as it will be constructed on an existing Equinix site and use power already allocated to that facility. Equinix said it anticipates an investment of €68m into the new data centre facility, plus an additional €12m to support its buildout. Data centres accounted for 22% of electricity usage in Ireland in 2024, up from 5% in 2015. It is estimated that the consumption level will grow to almost a third of the national electricity demand by 2030. In December, the Commission for the Regulation of Utilities announced that data centres could be built where they meet at least 80% of their annual energy demand through new renewable electricity sources. RTÉ.ie, 20th March
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Coopers Cross, Dublin 1 Transport Infrastructure Ireland has signed a new long-term lease on Metrolink’s behalf for 49,500 sq. ft of space at Coopers Cross, the major-mixed use campus developed by Kennedy Wilson. Metrolink’s new offices in Building Two is expected to provide it with sufficient space for more than 400 workers, and will sit alongside Wells Fargo, which recently relocated its EU bank operations to the campus. Located just off North Wall Quay, Coopers Cross extends to six acres and takes up a city block fronting Mayor Street Upper, Castleforbes Road, Sheriff Street Upper and New Wapping Street. The campus comprises 381,000 sq. ft of grade-A office space across two blocks. The 18.8km Metrolink railway line, which is expected to cost more than €10bn to build and begin operations in the mid-2030, is to have 16 stops between Swords and Ranelagh. The Irish Times, 11th March
Plassey Innovation Campus, Co. Limerick Fine Grain Property has completed the sale of Hawthorn House at Plassey Innovation Campus to a French investment fund. While the price paid by Arkéa REIM has not been disclosed, The Irish Times understands the office block, which is fully let to General Motors and Kneat Solutions, secured in excess of €16m. Arkéa REIM has acquired the property on behalf of its SCPI Transitions Europe fund. Developed by Fine Grain Property in 2019, Hawthorn House extends to 50,000 sq. ft across four floors. The building is highly sustainable and holds LEED Gold certification and a B1 Ber rating. There are 199 dedicated car-parking spaces. Fine Grain’s sale of Hawthorn House follows its acquisition for €7.5m of the neighbouring Three Building, and its sale for €14m of the neighbouring Hamilton House II, both in late 2024. The Irish Times, 11th March
John Street, Waterford City Sherry FitzGerald John Rohan is guiding €2.4m for two hospitality venues, Kazbar and Davy Mac’s in Waterford. The properties face onto The Apple Market, a prime city-centre location. While the combined floor areas of the two extend to 6,889 sq. ft, the two adjoining premises are separated from each other. It is the preference to sell them in one lot, although separate lot sales may be considered. Kazbar, located at 57 John Street, comprises 5,769 sq. ft across four floors and is a late-night venue. Davy Mac’s, at 7 John’s Avenue, has its entrance around the corner from Kazbar and is a smaller pub. The Irish Independent, 12th March
North Docklands, Dublin 1 Staycity Group has agreed to take a lease on a new aparthotel to be built on Dublin’s north docklands. Ronan Group will shortly submit a planning application for the new 288‑room scheme to Dublin City Council. To be branded under Staycity’s upmarket Wilde portfolio, it will be located at Ronan Group’s 4.6‑acre Waterfront South Central (WSC), near the 3 Arena. Last year Ronan Group received planning permission for a landmark 25-storey block to form the centrepiece of the mixed-use WSC development to sit alongside the new nine-storey European headquarters that Ronan Group is building for global banking giant Citi. At 83.6 metres tall, that 25-storey block will be the city’s tallest. On the WSC site, the new Wilde aparthotel will rise to eight storeys. WSC will also accommodate other commercial buildings and 550 residential units. The Irish Independent, 11th March
Vantage Business Park, Dublin 11 Bain Capital and its local partner, Newpark Real Estate, have secured two significant new lettings at Vantage Business Park, the large-scale logistics campus they are developing near Dublin Airport. Musgrave Group has agreed a deal to occupy Building 6, which extends to 104,000 sq. ft on a new long-term lease. Sims Lifecycle Services occupy Building 4, which extends to 76,000 sq. ft. While the rental levels have not been disclosed, The Irish Times understands both tenants are paying in the region of €14 psf. The overall Vantage Business Park development has four detached logistics units within phase two extending to a total area of 422,000 sq. ft, with Buildings 3 and 5 available for lease and ready for immediate occupation. The two remaining units extend to 121,000 sq. ft and 68,000 sq. ft respectively. The Irish Times, 11th March
O’Connell Street, Dublin 1 Colliers are seeking to let number 47/48 O’Connell street following the recent expiration of the lease with UK footwear retailer Schuh. Located on the busiest section of O’Connell Street between its intersections with O’Connell Bridge and Middle Abbey Street, the property comprises more than 3,375 sq. ft of retail accommodation at ground and mezzanine levels with additional ancillary accommodation at its basement and upper-floor levels. The building has a feature glazed facade extending over five storeys and over 13 meters of retail frontage. Other notable adjoining occupiers include Foot Locker, McDonald’s, Eason, Supermac’s, H&M, Burger King, Decathlon and Asics. The location benefits from passing annual footfall that exceeded 10 million in 2025. The Irish Times, 11th March
Cork City Developer John Fleming has purchased three sites in the Victoria Cross/Dennehy’s Cross area of the city with planning permission for almost 600 student-bed spaces. Mr Fleming’s company, Furadino Developments (Cork) Ltd, is currently building a €17m multi-storey, 137-bed student accommodation complex called The Haven on the former Kelleher Tyres site, with bookings already being taken for the next academic year. Furadino also owns the nearby Kellehers Auto Centre site, where the auto service business continues to trade. The site has full planning permission since 2021 for a 243-bed student complex. The third site, formerly home to the Finbarr Galvin motor dealership, has planning permission for a 206-bed student complex secured by Bellmount in September 2024. No development has yet taken place on either of these two sites. The Irish Examiner, 12th March
Sutton, Dublin 13 The high-spec coastal development at Seafield Strand has been sold by German fund manager Union Investment to another German institutional investor, MEAG, the asset management arm of Munich Re, in what market sources believe was approx. €70m. The transaction was conducted off-market under strict non-disclosure agreements. Located on Greenfield Road close to the Barracks area, Seafield Strand comprises 140 purpose-built rental apartments across six blocks overlooking Dublin Bay. Developed by Park Developments, the scheme includes a mix of one-, two- and three-bedroom apartments, along with duplexes and penthouses, as well as a crèche facility and landscaped courtyard. Union Investment acquired the scheme in September 2023 for approx. €75m as part of its expansion into Ireland’s residential investment sector. The latest transaction implies a capital loss for the vendor, reflecting the repricing that has affected European property markets amid higher interest rates and increased funding costs. The Business Post, 12th March
Ratoath, Co. Meath JLL is guiding €3m for a 5.65-acre development site in Ratoath, located on the Fairyhouse Road on the outskirts of the town. The subject site has full planning permission from Meath County Council for a nursing home scheme comprising 118 en-suite bedrooms along with ancillary facilities including a cafe, hair salon, nurse stations, kitchen and communal spaces. The permission also provides for the development of eight independent living units. While the lands are currently being used as a BMX track and associated parking for BMX Ratoath, the operator is relocating to an adjoining site under a separate planning application, allowing for vacant possession of the nursing-home site to be provided. The Irish Times, 11th March
Killiney, Co. Dublin Bannon is guiding €7m for Dún Mhuire, a 13,665 sq. ft period residence on a 3.7-acre site in Killiney. While the house is a protected structure, the site is zoned “objective A – residential” within the Dún Laoghaire-Rathdown County Development Plan 2022-2028 and offers development potential. A feasibility study drawn up by CDP Architects in preparation for the property’s sale suggests the site could accommodate a scheme of 81 residential units with surface car parking subject to planning permission. The proposed development would incorporate the retention of the original house. Dún Mhuire comprises a substantial two-storey over-garden level period residence constructed in 1882 with an accompanying gate lodge. There are 10 bedrooms, all are en- suite. The Irish Times, 11th March
Carlow Town, Carlow Coonan Property is guiding €5m for a ready-to-go residential development site for 113 houses and 18 own-door duplex apartments in Carlow. Situated at Crossneen, just two kilometres south-west of Carlow town centre, the holding extends to c. 14-acres and is primarily zoned with a Residential Objective in the Carlow Graiguecullen Joint Urban Local Area Plan 2024–2030. The Irish Independent, 12th March
Rathfarnham, Dublin 16 D/Res has done a €70m deal to buy one of the last significant housing sites within the M50. Last year, the Dublin-based residential builder secured significant backing from Avenue Capital, a large American investment fund. D/Res has now completed a €70m deal to buy a 54-acre site that borders Edmondstown Golf Club and the M50. The site near Marlay Park, which was sold by a private family, has capacity for between 1,000 to 1,200 apartments and houses. D/Res was founded in 2018 by Durkan and Lone Star, the private equity giant. In recent weeks, it was reported by the Sunday Times that Avenue Capital has invested €27.5m to take a minority stake in the builder. The deal for a 20% stake is understood to have valued the company at more than €80m. The Business Post, 15th March
Ballycullen, Dublin 16 Permission has been granted by An Coimisiún Pleanála (“ACP”) for the development of 494 residential units in Ballycullen across more than 25 acres. Lagan Homes received permission for the development which comprises 189 two-storey houses and 305 apartments, spread across 28 apartment blocks, three to four storeys in height. The development had initially comprised 502 residential units. Six were removed from proposals by ACP following additional surveys that were carried out on the site. Permission for the development was granted, subject to 33 conditions. One such condition was that each unit “shall not be sub-divided or used for any commercial purpose (including short-term letting) without a separate planning permission.” It also added that no more than 100 units should be made available for occupation prior to the completion of the childcare facility to an operational standard, unless it was otherwise agreed with the planning authority. The initial 502-unit site was granted planning permission by South Dublin County Council last October but was appealed by Ballyboden Tidy Towns. The Business Post, 12th March
Nationwide Local authorities are set to rezone more than 12,350 acres of land to ensure there is enough zoned land available for more than 500,000 new homes, the Sunday Independent has learned. The amount of land available for house building will jump to almost 37,000 acres after a controversial government order forced local authorities to identify new ready-to-go building land. In a letter to the Government outlining the new figures, the organisation that represents Ireland’s county and city managers warned that “pressures on serviced land capacity – particularly in relation to water and road services – continue to impact timelines.” In its update to the Government sent last week, the County and City Management Association, said that all 31 local authorities throughout the country are “actively engaged” in the city/county development variation process that was ordered last June by the Minister for Housing. The Sunday Independent, 15th March
Tivoli Docks, Cork City A critical step in the multi-million-euro regeneration of Tivoli Docks has been taken following the submission by the Port of Cork Company (PoCC) of a planning application designed to open up access to the site. The planning application focuses on essential infrastructure including a €80m new eastern multi-modal access interchange at the Glanmire Road roundabout and vital road, bus and cycleway upgrades to the Silversprings western access. The application is aimed at preparing the Tivoli lands for long-term regeneration as port operations are gearing up to move downstream out of Tivoli Docks and the city quays to Ringaskiddy and Marino Point. The Port of Cork is the second largest natural harbour in the world. Long-term plans for the 153-acre site, once the infrastructure is in place, include housing, schools, and parking/mobility hubs. The Irish Examiner, 12th March
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