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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East Wall, Dublin 3 The Beckett Building has gone sale agreed at just over €25m, the Sunday Times understands. KB Kookmin Bank, a South Korean financial group purchased the building in 2018 for €101m. It was placed on the market last May with a guide price of €35m. The group’s German bankers appointed Grant Thornton as receivers in late 2023 in an attempt to recoup its approx. €60m loan. Meta vacated the building nine years ahead of its 15-year lease expiring but it is still responsible for the annual rent of €5.75m until at least the end of July 2027. It is believed that the new owner will repurpose the building for part use as office and part use for storage. The six-storey-over-basement building is just over 188,000 sq. ft in size. It had been reported last August that BCP Capital was close to doing a deal on the building, but the sale did not proceed. The Sunday Times, 27th April
Santry, Dublin 9 Cosgrave Property Group has sold two office blocks in Northwood for approx. €30m to Camgill Conway, a Canadian-Irish investment fund. They are fully let and at the time they were launched in June 2024 were generating a combined contracted rent of €4.2m pa. Together they offer a combined floor area totalling 157,860 sq. ft. Block 2 is let to the ESB in its entirety. Block 1 is let to nine commercial tenants including BMW, Close Brothers, NSAI and Affidea with average lease terms approx. two years to break. The Irish Independent, 23rd April
Munster & Connaught Cohalan Downing is offering four purpose-built nursing home properties for sale by tender, in one or more lots. Three of the properties (Charleville, Co Cork; Killaloe, Co Clare and Headford Road, Galway) are trading and for sale as going concerns. One of the properties, a former nursing home at Churchtown, Co Cork is vacant. St Martha’s Nursing Home, Charleville comprises 29 bedrooms with 36 bed spaces on a site of 1.43 acres. The guide sale price is €1.25m. The Lakes Nursing Home, Killaloe, Co Clare comprises 52 bedrooms with 57 bed spaces on a site of 1.3 acres. The guide sale price is €2.6m. The Galway nursing home is situated at Headford Road about 3.5km north of Galway city centre. It comprises 56 bedrooms with 60 bed spaces on a site of some 1.11 acres. The guide sale price is €2m. A former nursing home in the village of Churchtown, about 18km north west of Mallow, which is vacant, has a guide sale price of €2.1m. It comprises 47 bedrooms with 50 bed spaces on a large site of about 5.44 acres. The tender date is Thursday, May 22. The Business Post, 25th April
Ballycoolin, Dublin 15 Private bus firm Go Ahead Ireland, through Go Ahead Transport Services (Dublin) Ltd, has lodged plans with Fingal Co Council for a bus depot with a capacity for 187 buses at Unit 200 Northwest Business Park, Ballycoolin. The application follows Go Ahead recently signing a letter of intent with the National Transport Authority to operate the Outer Dublin Metropolitan Area North and South routes, which requires the establishment of a new depot. The depot will operate on a 24/7 basis in line with the NTA’s plans for the rollout of more 24-hour bus services. The Irish Independent, 23rd April
Tramore, Co. Waterford Ikea is planning to open a new “plan-and-order” point in Tramore, as the Swedish furniture retail giant expands its presence across Ireland. Last week, Ikea submitted a planning application to Waterford City and County Council looking to install a sign on the proposed outlet in Tramore, located at the former ‘Mum N Me’ in Tramore Road Business Park. These “plan-and-order” points are smaller Ikea stores dedicated to kitchen, bedroom, and living-room planning where customers can get advice on home furnishings and design expertise. Aside from its huge retail outlet in Dublin, Ikea has plan-and-order point stores in Naas, St Stephen’s Green, Drogheda, Cork, Carlow and Sligo. The Sunday Independent, 27th April
Dublin City, Dublin 2 The €6m regeneration of the area between Grafton Street and Dawson Street in Dublin city centre, first announced more than a decade ago, will finally get under way in the coming weeks. The two-year construction project involves a revamp of South Anne Street, Duke Street, Lemon Street and the lanes which run between them, with Leinster granite paving, tree and flower planting, water bottle filling stations, a play area, public seating and bicycle stands. Dublin City Council will also for the first time introduce automated rising bollards, instead of flexible wands, to stop delivery drivers from entering the zone outside authorised hours. The scheme aims to capitalise on the pedestrianisation of South Anne Street four years ago, and the enthusiasm for outdoor dining which grew during the Covid-19 pandemic. The Irish Times, 28th April
Abbey Street, Dublin 2 Plans for a nine-storey student accommodation block at the former Independent Newspapers headquarters in Dublin city centre will be lodged by British developer Summix in the coming days. In the published statutory planning notice, Summix IHD Developments Ltd says it intends lodging a Large Scale Residential Development application with DCC to develop a 316 student bed-space scheme. The notice states that 272 standard and accessible rooms will be provided in 42 clusters ranging from five-bed spaces to nine-bed spaces at 87 to 93 Middle Abbey Street, known collectively as Independent House. The scheme will also involve the construction of a part nine storey over basement building connected to retained protected structures on the site. The Irish Times, 25th April
Dundalk, Co. Louth JLL and REA Gunne Property are guiding €5.5m for a substantial land bank zoned for development just off the M1 on the outskirts of Dundalk town centre. Located just 200m from junction 16 of the motorway, the subject holding extends to 19.54 acres and is zoned “E2/Business and Technology”. Uses generally permitted under this zoning include high technology manufacturing, light industry, research and development, and data centres, subject to planning permission. The lands are also incorporated in the Mullagharlin Framework Plan which identifies the property as a future high-quality, sustainable and employment area accommodating a proposed new, adjoining station on the Dublin-Belfast railway line. The framework plan proposes development potential for approximately 425,577 sq. ft with buildings ranging in height from three to five storeys. The Irish Times, 23rd April
Dublin Regeneration Plans to regenerate some of Dublin city’s oldest flat complexes are at risk following a Department of Housing decision not to fund projects that result in a significant reduction of homes. The department has rejected the first phase of Dublin City Council’s long-planned redevelopment of Pearse House off Pearse Street in the city centre that was built almost 90 years ago. The redevelopment involves the amalgamation of small flats, which do not meet minimum size standards, to create larger homes. The council seven years ago announced plans to regenerate more than 6,000 of the city’s oldest and most dilapidated flats under a 15-year plan to raise social housing standards across the city. More than 100 flat complexes were to be included in the programme. All were more than 40 years old and some were built in the 1930s. The Irish Times, 23rd April
House Prices The price of a home in the Republic rose by 9.8% on average in the first quarter compared with the same period last year, according to a report from data technology company Geowox. The figures are based on completed home sales and includes all entries in the Irish residential property price register for the quarter. The median price for a home reached €360,000, which represented an increase of €32,000 compared with the same quarter of last year. A total of 10,798 homes were sold in the quarter, which was down 4.5% compared with the same period in 2024. Co. Dublin topped the charts at 3,543 sales, followed by Co. Cork (1,262) and Co. Kildare (557). Out of the top 25 urban centres, Dublin city was the most expensive, with a median price of €552,000, followed by Naas, Co Kildare, at €444,000. Longford was the most affordable at €138,000. The Irish Times, 26th April
Castleknock, Dublin 15 An Bord Pleanála has rejected contentious plans for a €30m apartment scheme for Dublin’s Old Navan Road. Bartra Property (Castleknock) Ltd was planning to build a five storey, 56 apartment scheme on the site at Brady’s Public House, Old Navan Rd. The refusal upholds a decision by Fingal Co Council to refuse planning permission after 75 objections were lodged against the proposal. It is now the second failed attempt by Bartra to secure planning permission to redevelop the site. In its refusal to the new scheme, the appeals board concluded that having regard to its height, massing, bulk and design and its lack of a direct relationship with the public open space located immediately to the north-east of the subject site, the proposed development fails to integrate with the established character of the area. The Irish Times, 28th April
Kilbarry, Co. Waterford An application by Kilbarry Developments Ltd for 99 residences in Lacken, Kilbarry, is at pre-validation stage. Kilbarry Developments Ltd lodged the application on April 17 seeking a seven-year planning permission for the proposed development, comprising phase seven of an overall masterplan. It includes 57 houses and three apartment blocks with a total of 42 apartments, including 30 three-bed two-storey semi-detached houses. The plans include one three-bed two-storey detached house, 22 four-bed two-storey semi-detached houses, four four-bed two-storey terraced houses, 18 two-bed apartments, and 24 one-bed apartments. The Irish Independent, 28th April
Land Development Agency State bodies are set to face increased pressure to sell sites to the LDA, with the Government also considering steps to allow the agency to build more private housing at its projects. Amid heightened concern in Government over housing output, senior officials are to discuss proposals to reform the LDA’s remit in the hope of increasing the number of homes it is delivering. It is understood that the agency’s focus on social and affordable homes on large sites will be on the table for discussion, with some in Government of the view that more private homes should be built at these projects. There is also significant frustration over the pace of transfer of lands to the LDA from State bodies, with Government sources of the view that it is happening too slowly, that there is a lack of co-operation and often there are too many conditions attached to transfers of land. The Irish Times, 28th April
Cherrywood, Dublin 18 A new €190m sports arena is planned for Cherrywood in Dún Laoghaire-Rathdown. Prime Arena Holdings Limited is expected to submit planning documentation for the development by September 2025. The venue is projected to generate a socio-economic impact of over €230m pa. The anchor of the facility will act as a permanent base for Olympic-standard winter sports, as well as a home for Dublin’s first professional ice hockey franchise. Additionally, two full-sized Olympic ice rinks will be included in the facility, with a 5,000-seat indoor arena. The arena will act as a conference and gala venue and is expected to accommodate up to 1,500 seated guests and subsequently adding 200,000 hotel bed nights per year. The Business Post, 25th April
Werburgh Street, Dublin 8 Dublin City Council is planning to turn the vacant St Werburgh’s Church into a 250-seater Arts venue. The 18th century church has remained closed for a number of years due to its state of disrepair, and the proposed redevelopment is expected to cost around €5m. The plan is to transform the space into a destination for tourists, and as a venue for classical music, choral music, chamber music, organ recitals, poetry readings, lectures, and folk and jazz performances. Details of the proposed lease agreement with the Church of Ireland will be submitted for approval to the Council. The Irish Independent, 24th April
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Two Grand Parade, Dublin 6 Union Investment has secured three new tenants for their 106,000 sq. ft platinum LEED, A3-rated office building which recently achieved practical completion. The property is located at Two Grand Parade in Dublin 6 on the banks of the Grand Canal and immediately adjacent to the Luas green line stop at Charlemont. FFH Management Services Limited, a global services provider within the Fairfax Financial Holdings Group, has taken 8,336 sq. ft on the fourth floor on a 15-year lease. KDB Ireland (Korea Development Bank) has taken 3,397 sq. ft on the penthouse on a 10-year term. Global management consultants McKinsey & Company took 5,000 sq. ft on a 10-year term on the fifth floor. The three companies join existing occupiers, Element Fleet Management and Clover Aviation. A range of office spaces, 5,185 sq. ft to 70,000 sq. ft, remain available at the scheme through joint letting agents CBRE and Cushman & Wakefield. The Irish Times, 16th April
La Touch House, Dublin 1 Axa Investment Managers Alts, part of the French insurance group, is set to lose millions on La Touche House in Dublin. The 107,639 sq. ft property, once valued at over €100m, is about to be placed on the market with property sources indicating that it could sell for less than €50m. The investor bought the building in 2020 for nearly €84m. The latest accounts for La Touche, the Luxembourg holding company for the block, show it was valued at €54m in 2023. The seven-storey property was built in 1992 and was one of the first office blocks built in the International Financial Services Centre. It was once the headquarters of Bank of Ireland, which sold it in 2002 for €82.5m to a group of investors. At the top of the property market in 2007 the building was valued at more than €100m. In 2022 Axa and BCP Capital applied for permission for a €50m redevelopment, which included partial demolition, the addition of three storeys and refitting the building to the Passivhaus energy efficiency standard. Planning permission was granted but the work did not go ahead. The Sunday Times, 20th April
Dublin Office Market Q1 2025 Colliers Report that 438,000 sq. ft transacted across 50 deals in Q1 2025. Average deal size rose to 8,750 sq. ft, up from 5,600 sq. ft in Q1 2024, well above the five-year average. EY expanded at Three Wilton Park with an additional 55,000 sq. ft. Apple secured 37,800 sq. ft at Four & Five Park Place and HSE leased 31,200 sq. ft at 110 Amiens Street. Vacancy is falling, now at 15.9%, dropping to 13.8% when reserved space is excluded. Grey space availability declined by 30% YoY, currently at 1.5m sq. ft. With less than 1m sq. ft of completions expected this year, further downward pressure on vacancy is likely. Prime headline rents remain steady at €60–€65 per sq. ft in the CBD. Colliers Q1 2025 Office Market Report
Eden Quay, Dublin 1 The Salvation Army, through selling agent North’s, has reduced the guide price which it was asking from €3.75m to €3.5m for Lefroy House, a mixed-use property at 12-14 Eden Quay, Dublin 1. Extending to 8,945 sq. ft over four storeys and a basement, the building is situated on the corner of Eden Quay with Marlborough Street and overlooks the River Liffey between O’Connell Bridge and Rosie Hackett Bridge. It is located opposite The Abbey Theatre. Lefroy House, which was formerly the Seamen’s Institute, provides a mix of good quality refurbished self-contained apartments and bedrooms, recreational spaces, dining area and offices across 36 rooms, plus 11 shower rooms and ladies and gents WC facilities. It was recently refurbished and is ready for occupation and income generation. The Irish Independent, 17th April
Logistics Confidence Index 2025 A global surge in demand for industrial and logistics facilities in Ireland, including distribution hubs, warehouses and storage facilities, accelerated from 2018 and 2019 onwards. The Irish market has an extremely low vacancy rate, just 2% in Dublin and a similar level in Cork. Over the last 10 years, take-up in the Dublin market has averaged nearly 3.3m sq. ft per annum. The current total of modern logistics stock in Dublin which CBRE track is approximately 42m sq. ft. Turnover of stock can range from 7.5% to 10% per annum. In 2024, annual take-up in Dublin fell by 50% to just under 1.6m sq. ft, the lowest level since 2011. There is strong demand evident across all unit sizes. Logistics and storage occupiers are the tenant group that account for the highest proportion of demand at 46% of all requirements. This is followed by light industrial occupiers at 20%. In the last 10 years, prime Dublin industrial and logistics property rents have more than doubled, with annual growth averaging over 8%. Assuming a unit size of 50,000 sq. ft, prime stock is defined as a property that has a 12-15 m eaves height, a minimum LEED ‘Silver’ accreditation, and is located in a prime M50 logistics park. In 2024, despite a slower leasing market, prime rents rose by 4% to €13.50 per sq. ft. CBRE are expecting strong rental growth in 2025 and are forecasting prime rents to grow to €14.50 per sq. ft in 2025. CBRE Kingspan Ireland Logistics Confidence Index 2025
Clonskeagh, Dublin 14 An Bord Pleanála (ABP) has refused permission to turn a pub linked to development company Oakmount into a boutique hotel. Greenfield Ideas, a vehicle connected to Oakmount, bought Ashton’s pub, in Clonskeagh, Dublin for a reported €3m in 2022. In 2023, the company sought to demolish some of the building and construct a five-storey extension that contained a new pub, restaurant and 22 boutique hotel bedrooms. The application was met with concerns by locals regarding the height of the development and the fact that it would increase activity in the area. The council refused permission and Greenfield Ideas appealed to ABP in March 2024. In its decision to refuse permission, ABP said the location of the site in the River Dodder conservation area and proximity to residential dwellings would lead to “significant intensification” of existing use. The board said the new development would have a “detrimental impact on the residential amenities of existing residents” due to the levels of noise, disturbance and height of the building. The Business Post, 16th April
Student Accommodation UK real estate giant Round Hill Capital has partnered with the property manager Fresh, which will oversee operations and marketing of its Irish student accommodation portfolio. It is the first time the companies have worked together, and the partnership will significantly expand Fresh’s presence in the Irish real estate industry. Since the contract was awarded, the property manager has onboarded 1,343 student beds across four assets in Cork and Dublin. The properties, which are Ardee Point in Dublin and Broga House, Curraheen Point and Ashlin House in Cork all offer a range of amenities including gyms, TV lounges, study rooms and games rooms. The Business Post, 16th April
Doneraile, Co. Cork DNG Ryan in Mallow, Co Cork, has brought a prime development land at Turnpike Cross in Doneraile to the market for sale and the price is on application. The 6.48 acre site has full planning permission granted for 40 homes, including 22 four-bed semi-detached houses, four three-bed semi-detached houses, ten two-bed semi-detached houses, and four elegant four-bed detached houses as well as generous open spaces and a dedicated children’s playground. The site is located within walking distance of Doneraile town and is also just five minutes from the N20, N72 and M8. The Business Post, 19th April
Macken and Pearse Streets, Dublin 2 A prominent site on a key south Dublin city thoroughfare is being offered for sale with planning permission for a live/workspace development. Once known as Boyne Forge, the 1,152 sq. ft site is located on the corner of Macken and Pearse streets. Selling agent Robert Colleran says he has had interest from potential purchasers willing to pay up to €1.2m and will look to call for best bids in three weeks. The ground floor is designed to accommodate a retail/office/showroom, or coffee dock, actively engaging the public realm from the streets. Upper floors benefit from permitted work/live use, offering the occupier maximum flexibility. The building core is strategically planned to support up to three separate tenancies on a floor-by-floor basis. The Irish Independent, 17th April
Sustainability Ratings on Private Rented Sector From 2018 to 2024, nearly €1bn was invested in the private rental apartment sector in Ireland, with 95% of this investment occurring in Dublin. This investment, in many cases, funded the construction of thousands of new apartments. Unlike other European cities, the institutional ownership of rental properties had not been a feature of the Dublin market prior to this point. Today, domestic, European and US investment funds own and operate a combined 34,000 units in the capital. According to CBRE’s research, the bulk of the private rental apartment buildings in the Dublin market do not have top-tier sustainability credentials under the BREEAM, LEED or WELL certification systems. CBRE estimates that 70% of all of the private rental apartment schemes built since 2020 (83 schemes in total) have no rating at all. CBRE see an opportunity for more landlords to protect and enhance the value of their assets by seeking to achieve a BREEAM In-Use ‘excellent’ credential on the buildings they currently own and operate. The Irish Times, 16th April
House Prices 3,245 dwellings were purchased in February, down 14% from January and 2.5% from February 2024. Still, home prices grew at an annualised rate of 8% from February 2024, down only slightly from an annual rate of 8.2% in the 12 months to January, according to the CSO’s latest residential property price index. House prices in the Republic are now 18.8% higher than they were in May 2007, the peak of the pre-crash property bubble. Dublin prices were 4.4% higher in February than at the height of the previous property boom. Property prices rose by 7.1% in February from the same month last year, down from a rate of 7.5% in January. Prices outside Dublin were up 8.7% year-on-year, down from 8.%. At €475,000, the Dublin region had the highest median property price in the Republic in the year to February, within which, Dún Laoghaire-Rathdown had the highest median price at €670,000, while Fingal had the lowest at €450,000. Nationally, the median price of property in the 12 months to February was €360,000, up slightly from €359,999 in the year to January, the CSO said. The Irish Times, 16th April
Ireland Investment and Funding Q1 2025 CBRE note that Q1 2025 saw a step change in activity in the Irish investment market, with a range of assets coming to market for sale across sectors and grades of buildings. Core-plus and opportunistic investors along with family offices are particularly active, but some pockets of core capital have also emerged. Investment spend in Q1 totalled almost €547m, 30% below the long-term Q1 average of nearly €785m, but a marked improvement on Q1 of last year when just €162m was recorded, a 12 year low at the time. Retail which accounted for 50%, attracted the most amount of capital for the fifth consecutive quarter. Just €10.6m was invested in the residential sector in Q1, with no sales of institutional-grade properties completing. CBRE, Q1 2025 Report
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Blackrock, Co. Dublin Several new tenants have joined the line-up at the Frascati Centre, while an existing tenant is taking additional space in the centre. Homecare Medical, The Warehouse Gym, Boots and SoHo Baby have signed for approx. 40,000 sq. ft of space between them across three floors. The majority of the take-up was accounted for by The Warehouse Gym, which has agreed to occupy 26,608 sq. ft on the first and second floor. Boots, which already occupied a 2,992 sq. ft space on the ground floor, has taken almost 10,000 sq. ft in two ground-floor units. While the first floor of the centre is now fully let, there are units available for lease on the ground floor, and these range in size from 300 sq. ft to the 5,692 sq. ft formerly occupied by Debenhams. The former garden centre located in the rear car park is also available to let. The Irish Times, 9th April
Kilkenny City Colliers is guiding €4m for a property at the junction of Parliament Street, High Street and the Abbey Urban Quarter, which extends to 9,551 sq. ft. The building is let to Bank of Ireland under a 25-year lease from December 2006 and expiring in December 2031. The passing rent is €263,387 pa, providing a NIY of 5.98%. The property also offers parking for 13 cars to the rear, in addition to a large car park positioned behind the property at Market Yard. The location benefits from consistent footfall and strong connectivity, with Kilkenny train station and transport links within minutes of the property. The property sits on a 0.22-acre site, offering potential for future development, and is not listed as a protected structure. The Irish Times, 9th April
College Square, Dublin 2 US technology giant Workday has signed a deal to locate its new European headquarters to Marlet Property Group’s newly built scheme in Dublin 2. Workday will take 416,000 sq. ft of the office space at College Square, which represents the entirety of College Square’s “super-prime” office space. This deal is the largest single office letting to have taken place in the European office market since the onset of the Covid-19 pandemic in early 2020. Developed by Marlet and its partner, M&G Investments, on sites occupied formerly by Apollo House and the neighbouring College House, College Square is a major mixed-use scheme comprising a total of 540,000 sq. ft of LEED Platinum office accommodation and 17,000 sq. ft of retail space distributed over 10 floors. The development has an overall height of 22 storeys owing to the inclusion of 58 high-end apartments on 12 floors above the office element of the scheme. The Irish Times, 10th April
South Docklands Atland Voisin has added to its Irish portfolio with the acquisition of Central Quay in Dublin’s South Docks for approx. €42m. In 2015 Hibernia, then a Reit, acquired the six-storey office block for €51.3m. Located between Sir John Rogerson’s Quay and Hanover Quay, the building extends to approx. 59,000 sq. ft. At the time that the Reit acquired Central Quay, it was 88% let but since then it has been fully let and Hibernia also upgraded its BER to B3. Key occupiers are: DAE Ireland, Hines, Meritus Healthcare. Peninsula Petroleum, Millennium Operations, Europ Assistance and Fragomen. Atland Voisin initially entered the Irish market last year when it purchased 20 On Hatch, a six-storey-over-basement office building of 44,735 sq. ft on Lower Hatch Street. It was mostly let to global financial services provider MetLife and was bought for €24m which represented a 9% discount on the guide price quoted by vendor Davy Real Estate. The Irish Independent, 10th April
Baldonnell, Dublin 22 Mountpark has secured its first tenant for Grange Castle West, the €325m logistics scheme it is developing near Baldonnell. A Post has agreed a deal to occupy Unit 3, a 50,000 sq. ft building, as part of its plans to expand and modernise its delivery operation. The company is expected to take occupancy of the building, subject to planning permission being obtained for its construction, in early 2027. Grange Castle West is Mountpark’s second major logistics development in the Irish market and is located just 2km away from its Mountpark Baldonnell scheme. Extending across 78 acres and with capacity for up to 1.24m sq. ft of logistics space, site-wide infrastructure works are now under way, alongside three buildings which will be available from the third quarter of this year. The Irish Times, 9th April
McKeever Hotel Group has bought the landmark City of Armagh Hotel, a modern 103-bedroom hotel. The hotel has a significant conference business as it has the capacity to cater for up to 1,200 delegates, which was the largest conference capacity in Northern Ireland attached to a hotel. The deal will bring to seven the number of hotels owned by McKeever, all but one of which are in Northern Ireland – the exception being Dillons Hotel in the Cathedral Quarter on Letterkenny’s main street. City of Armagh Hotel was sold by a local group of business people for a price believed to be just below the £9m (€10.4m) which CBRE had been guiding for it. Sitting on a site with parking for 365 cars, its extensive leisure facilities also generated business as its fully equipped gym and fitness studios had enlisted outside membership of 650. The Irish Independent, 10th April
North Quays, Waterford City Harcourt Developments has been granted planning permission for a €200m redevelopment of the North Quays in Waterford City. The mixed-use proposal, designed by Douglas Wallace Architects, will see the construction of nine blocks, including 350 apartments split across six blocks, a nine-storey 160-room hotel, a 163-room apart hotel and a ninth block featuring office, retail and childcare. The apartment blocks will be separated by green spaces with a riverside boardwalk and link to the Waterford-New Ross Greenway. Two new civic plazas will also be built, Station Square and the Bridge Plaza, at the connection to a sustainable transport bridge which the council expects to be delivered from Belgium in May. The council estimates that the direct benefit to the region from the construction project will be more than €350m over the next six years. The building phase is expected to employ 200 people and create 1,500 jobs upon completion. The Irish Times, 12th April
Leeson Park, Dublin 6 The landmark Christ Church Leeson Park has been brought to the market by Lisney at a guide price of €4.75m. The property is being offered for sale by tender at 2pm on Thursday, May 29th. At the corner of Dartmouth Road/Leeson Park and Leeson Street Upper, the property extends to approx. 9,472 sq. ft and is on a one-acre site. The subject site is zoned Z2 Residential and potential uses include medical, healthcare, residential and childcare. The church was built originally between 1860 and 1862. The property is listed on the Dublin City Council List of Protected Structures and is held on a freehold basis. There is potential for short-term income from car parking. The Irish Times, 9th April
Amiens Street, Dublin 1 Sea Strand Properties is seeking planning permission to demolish a petrol station on a site in Amiens Street, Dublin 1, near Connolly train station and build 246-bed student accommodation including a gym, cinema and games room. The proposed development will range between six and nine storeys. John Sweeney was previously granted planning permission for the same site in 2019 for a €32m 172-bedroomed hotel. The Sunday Times, 13th April
Spencer Place, Dublin 1 Four parties remain in the running to acquire Spencer Place, the high-end residential scheme developed by Ronan Group Real Estate (RGRE) in Dublin’s north docklands. Offers for the portfolio of 393 apartments are understood to have come in between €160m and €170m in the first round of bidding, with seven parties either bidding or expressing their interest in the scheme. While the sums offered are understood to be below what had been expected by the scheme’s owner, Fortress Investment Group, this Friday’s second round may yet result in a higher bid. Hines, Carysfort Capital, MEAG and one other party are understood to have tabled bids in the first round of the sales process while Ares Management, Ardstone Capital and Axa are each said to have expressed their interest in the portfolio. The Irish Times, 9th April
Drumcondra, Dublin 9 Avison Young is guiding €2m for a residential refurbishment and redevelopment opportunity in Drumcondra. Located at Carberry Road, and next to the grounds of Maryfield College, the property comprises two large semidetached family houses with a total floor area of approximately 4,021 sq. ft which are interconnected at ground and attic levels. The property is positioned on a regular-shaped site area of approximately 0.45 acres, offering the prospective purchaser significant development potential. The subject site is located entirely within an area zoned “Z1 – Residential” with a feasibility study illustrating its potential to accommodate two additional, large two-/three-storey, four-bedroom semidetached family residences or three, two-/three-storey townhouses. The Irish Times, 9th April
Clonskeagh, Dublin 14 Five fully let apartments at Roebuck House are generating combined rental income of €148,000 pa and are being offered to the market by Townshends Auctioneers at a guide price of €2.8m. The accommodation extends to an overall area of 6,000 sq. ft and is distributed across one three-bedroom and four two-bedroom apartments within a well-appointed, detached period redbrick house. The property retains numerous original features, and these are complemented by the house’s contemporary fit-out. Each apartment has its own individual Eircode, electricity meter and gas boiler. The Irish Times, 9th April
Courtmacsherry Bay, Co. Cork The chance to buy a real Disney castle and 56 acres of land thrown in has come to the market in coastal West Cork. Coolmain Castle, expected to fetch over €7.5m, dates back to the late 1700s. Located west of Kinsale, it has been in private Disney family hands since 1989. Coolmain Castle evolved from a Georgian-era country home, with a turreted tower built as an ocean lookout in the 1800s, and has been used as an Irish hideaway home by generations of the Disney family after Roy E. Disney purchased it 36 years ago. The Examiner, 11th April
Kinsealy, Dublin 17 Plans by the LDA to construct 193 residential units on a site of the former Teagasc research centre on Malahide Road are facing local opposition. In February, the LDA lodged plans with Fingal Co Council for the large-scale residential development after Teagasc agreed to transfer the lands to the LDA for the development of affordable housing in accordance with the LDA’s statutory mandate to accelerate the delivery of such housing throughout Ireland. The scheme envisages the construction of 193 residential dwellings comprising 153 two-storey houses and 40 duplex units arranged in three-storey blocks on a site located to the south of Kinsealy village centre. The scheme also provides for 229 car parking spaces, 345 bicycle spaces and four acres of dedicated public open space. In addition, 5.4 acres of greenbelt zoned lands are included to the south and southeast of the residential development area to accommodate a playing pitch. The Irish Times, 9th April
The National Treasury Management Agency has tapped the European Investment Bank (EIB) on behalf of Uisce Éireann for a €300m loan to help bankroll part of its water infrastructure upgrade programme. The loan will form part of a wider €764m programme of works being undertaken by the semi-state company that’s responsible for maintaining and developing the country’s water infrastructure. The EIB said the funding will help to finance a multi-annual investment programme to improve water and wastewater treatment infrastructure. The government has allocated €1bn to Uisce Éireann for capital investment works that will be undertaken between 2025 and 2028. Uisce Éireann invested €1.35bn in capital projects last year. The Irish Independent, 9th April
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Carlow Agent TWM is guiding €8.5m for a substantial investment opportunity in Carlow town. The portfolio comprises Hatch Student Living, a 106-bed space purpose-built student accommodation (PBSA) block, the former Hanover Shopping Centre and the Jones Building (office space let to Carlow County Development Partnership). The investment offers net operating income of €673,000 and a net initial yield of 7.13%. The Hatch Student Living scheme has 83 bedrooms comprising 106 bed spaces arranged across two four-storey-over-basement apartment blocks. Hatch Student Living is the only single-ownership PBSA block in Carlow Town. The Irish Times, 2nd April
Blessington, Co. Wicklow A fully-let, mixed-use landmark in Blessington has come to the market through JP&M Doyle with a €1.95m guide price. Known as The Civic Building, it extends to 9,144 sq. ft and generates annual rental Income of €163,000 which would equate to a gross yield of 8.36%. The Lemon Tree restaurant operates at street level and a gym at lower ground level. Over its first and second floors are four two-bedroom apartments, and one one-bedroom apartment. All floors are serviced by a lift. The Irish Independent, 3rd April
St Patrick’s Street, Cork The former AIB banking hall at No. 26 St Patrick’s Street, linking to 19 Winthrop St and measuring 11,650 sq. ft, is guiding €3.5m. The vacant property in a prime position between Brown Thomas and Penneys, where a very significant extension is expected to begin soon. The €60m investment will extend the current Penneys on 27–30 St Patrick’s Street into premises it acquired in a major site assembly on Cook St and Oliver Plunkett St. It will add 17,000 sq. ft to bring Penneys’ city centre presence in the southern capital to 54,000 sq. ft. Separately, Penneys invested €4m in upgrades to its store at Wilton Shopping Centre, part of the Primark strategy to invest €250m in its Irish presence by 2031. The Examiner, 2nd April
Rathcoole, Co. Dublin ILIM have secured the largest logistics letting of the year to date with the agreement of a new long-term lease of Unit Q1 at Aerodrome Business Park to PRL. The deal will see the Irish-owned logistics specialist occupy the detached warehouse facility, which extends to 173,000 sq. ft on a 7.5-acre site, on a FRI lease for 25 years, with a tenant-break option in March 2037, at an annual rent of €12.75psf. Irish Life acquired the property for €28.1m in 2017. At the time, the building was fully let to Culina Logistics Ireland Ltd – backed by rental guarantees from two major UK logistics businesses – on a long lease from January 2010, at a rent of €1.8m. The new long-term lease agreed with PRL will see Irish Life generate some €2.2m in annual rental income. The Irish Times, 2nd April
Little Island, Cork Lidl Ireland’s plans for a new €200m distribution centre could create up to 350 jobs. The retailer recently submitted an application seeking a seven-year planning permission to build the approx. 640,000 sq. ft regional distribution centre on part of the former Mitsui Denman Site. Lidl told the Sunday Independent the potential distribution centre, which it hopes will come on stream by 2030, is part of a wider €600m investment. The retailer hopes to deliver 35 new stores and the centre over the next five years. The proposed distribution centre would be in operation 24 hours a day seven days a week, the planning files said. The operational hours were needed to fulfil Lidl’s “logistical and operational requirements”. The Sunday Independent, 6th April
Naas Road, Dublin 12 With John Sisk having relocated its office operations in June 2024, the firm’s former headquarters on Dublin’s Naas Road is being offered to the market by BNP Paribas at a guide price of €5.25m. Occupying a high-profile site fronting on to the Naas Road, it is also well served by local road infrastructure and public transport facilities. The property comprises the original two-storey office building occupied by John Sisk since 1964 along with an interlinked, modern three-storey Grade A office building which was constructed in 2002. The total combined floor area extends to a gross internal area of 38,578 sq. ft together with 96 on-site car parking spaces. The development has a C3 Ber rating. The site extends to 2.4 acres. The Irish Times, 2nd April
Retrofit A study by The Society of Chartered Surveyors in Ireland has flagged a need for retrofit grants. The study found that in an analysis of seven case studies, retrofitting was not financially viable in four cases. This was due to the high cost of the works, particularly mechanical and electrical, which exceeded the increase in the building’s value. Among the viable cases, the potential increases in building values ranged from 40% to 66%. “According to the Central Statistics Office, almost 60% of offices have BER of D1 or lower. Unless owners of poor performing commercial buildings with low BER ratings can find a route to retrofitting they face the risk of their assets becoming stranded and unoccupiable,” the report added. The Business Post, 7th April
Barrow Street, Dublin 4 The Irish arm of US tech giant Google has secured the green light for a large public mural across seven storeys at its European headquarters in Dublin that incorporates interactive and virtual elements through Google’s own modern technology and AI tools. This follows Dublin City Council granting planning permission to Google Ireland Ltd for the 7,600 sq. ft “Urban Growth” mural, at the northern elevation of South Bank House, Barrow Street. In granting planning permission to the mural for a five-year period, the Council’s planner’s report concluded that the proposed mural “will be a positive addition to the Bolands Mills development and the wider area”. Rte.ie, 8th April
Cabinteely, Dublin 18 The LDA has agreed to buy Marlet’s Brenannstown Road development of 222 apartments and 12 duplexes and, it is understood, will offer the units as cost-rental accommodation. The deal was conducted through the LDA’s Home Building Partnership with the Agency targeting the delivery of 5,000 homes through the initiative. The development is built across four blocks, ranging from one to eight storeys high. Situated within 1km of the Laughanstown Luas stop and 500m of Cabinteely village, the site is opposite the 45-hectare Cabinteely Park. Cost-rental accommodation offers secure long-term lets at below-market rents to households with an income of less than €66,000 in Dublin or €59,000 everywhere else. Sunday Times, 6th April
Francis Street, Dublin 8 Lisney is guiding €3.5m for 8, 9, 10 and 11 Dean Swift Square. Located at the junction of Francis Street, Dean Swift Square comprises a four-storey end-of-terrace building extending to approx. 6,000 sq. ft. The development consists of 11 apartments: six one-bedroom and five two-bedroom units. The apartments have recently undergone significant restoration works and present to a high standard. The incoming purchaser will be free to let the units at market rents due to the length of time they have been vacant during restoration. The Business Post, 4th April
Grand Canal, Dublin 2 The Cosgrave family has secured approx. €4.7m from the sale of a residential investment comprising 14 apartments at 17 Hogan Place and 2A Hogan Avenue. Hooke & MacDonald handled the sale. The portfolio was first offered to the market in one or more lots at a guide price of €4.6m in June 2024. Lot 1 is located at 17 Hogan Place and comprised six self-contained two-bedroom apartments, five of which are let at present. Lot 2 is located at 2A Hogan Avenue and comprised eight self-contained apartments with a mix of three one-bedroom units and five two-bedroom units. The Irish Times, 2nd April
Hook Peninsula, Co. Wexford Paddy McKillen Jnr has instructed Colliers to find a buyer for Loftus Hall and its estate. While a price has not been set, offers in excess of €4m are expected for the property, which sits on 68 acres overlooking Hook Peninsula and the landmark Hook Lighthouse. Loftus Hall comprises a detached nine-bay, three-storey house with a total gross internal area of 26,487 sq. ft. The property, which is recognised as a protected structure, has already undergone extensive renovations, with phase one of the project close to completion. The Irish Times, 2nd April
Naas, Co. Kildare The former Leinster Leader newspaper premises in Naas is back on the market only 16 months after it was sold for €1m. Now the offering includes a much larger development site and the price has almost trebled to €2.9m. When sold in 2023, the auction lot comprised 19 and 20 South Main Street which consisted of a three-storey office building extending to 5,705 sq. ft, a two-storey residence extending to 1,906 sq. ft, and a former printing works to the rear extending to 10,495 sq. ft. Now the much bigger site includes 21 South Main Street and extends to 1.4 acres. The Irish Independent, 3rd April
Carrigtwohill, Co. Cork Commercially zoned lands valued at upwards of €3.7m are expected to attract wide-ranging interest due to their proximity to good transport links and several large-scale housing developments. For sale via Hegarty Properties, on behalf of BAM, the strategically located sites are for sale in three lots and are on Station Road and in Castlelake, just off the N25 Cork-Waterford road, and within immediate reach of the Carrigtwohill commuter rail line. Lot 1 includes 4.2 acres of commercial-zoned land on Castlelake Avenue; Lot 2, on Station Rd, extends to four acres and Lot 3 is a site in Castlelake with full planning permission for a large creche (10,527 sq. ft). The Examiner, 3rd April
Terryland, Galway City Plans have been lodged by Galway City Council, in partnership with the LDA, to An Bord Pleanála (ABP) for the development of 219 homes. The project, known as ‘Corrib Causeway’, comprises phase one of the redevelopment of the Dyke Road Car Park site. If approved, the development will deliver 219 apartment units in the form of one new residential block (5 – 9 storeys over lower ground floor). 90% (197 homes) are set to be affordable while 10% (22 apartments) are set to be social. The development also includes the removal of 389 existing car parking spaces to provide for the new development while an overall total of 165 existing car parking spaces will be maintained. ABP is due to decide on this case by September. The Irish Independent, 4th April
Cavan Town Galetech Sustainable Living Ltd have tabled plans to bring 22 “own door” homes on stream in two blocks set over two floors on near one acre site at Tullymongan Upper. The first of those blocks will see 12 apartments being equally divided between one and two bedroom residences with a second block being made up of five ground floor two bedroom homes and five single bedroom duplex equivalents above it. The Irish Independent, 1st April
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Retail Parks Oaktree has sold its portfolio of eight retail parks across Ireland to Realty Income Reit in a deal valued at around €220m. The eight have a combined floor area of 1.4 million sq. ft. They are Navan Retail Park, Naas Retail Park, Sligo Retail Park, Drogheda Retail Park, Bray Retail Park, Waterford Retail Park, Parkway Retail Park in Limerick and Gateway Shopping Park in Galway. Sigma Retail Partners has been managing the portfolio and says that it has increased the rent roll across the portfolio by over 40% since Oaktree’s acquisition of them. It is understood to have a combined rent roll of about €17.5m so the purchaser can expect to earn a net initial yield of approx. 7%. The deal also includes adjoining land in Navan, Sligo and Waterford. The Irish Independent, 26th March
Galway City Edward Square retail complex is guiding €8m through joint agents TWM and JLL and comprises five modern retail units with a combined floor area of 24,984 sq. ft. Purpose-built in 2000, the building has large glass facades, open floorplates and high ceilings, making it a suitable proposition for big-box retailers. The development is producing an annual contracted rent of €601,200 and is occupied by three tenants, namely Starbucks, Intersport Elvery’s and New Look. Upon reletting, New Look’s premises together with the scheme’s two other vacant units, are expected to increase Edward Square’s overall annual rental income to approx. €800,000. The Irish Times, 26th March
Castleknock, Dublin 15 Hooke & MacDonald has completed the sale of all four commercial units at the Phoenix Park Racecourse residential scheme in Castleknock, Dublin 15. The four units, which were offered to the market in February last year with guides ranging from €250,000 to €325,000 (plus VAT) have all been acquired by owner-occupiers for above their quoting prices. Multiple underbidders are understood to have competed for each unit. The Irish Times, 26th March
Darty Road, Dublin 6 Tramway House on Dartry Road, which has been home to Web Summit’s operations since 2015, has been put up for sale by public tender through Lisney. The property, on a 1-acre site, was on the market for €3m in 2014 when it was acquired. The existing office building extends to 24,930 sq. ft over two floors. Tramway House is currently held under a lease dating from October 2014 that was extended by 18 months from November 2024 to May 2026 at a rent of €220,000 pa. The Business Post, 31st March
Merrion Square, Dublin 2 61 Merrion Square is being offered for sale by Colliers on behalf of receivers Interpath Advisory at a guide price of €3.3m. No. 61 is a four-storey over-basement mid terrace Georgian building extending to 5,491 sq. ft, with parking for four cars to the rear. The building is occupied by four tenants and is generating a passing rent of €186,360 a year with a WAULT of 2.23 years. Primo Productions occupies the ground and first floors, and account for approx. 50% of the rent roll, paying €91,784 pa. Its lease expires in 2027. The €3.3m guide price equates to a net initial yield of 5.13% and a capital value of €600 psf. The Irish Times, 26th March
Spencer Dock, Dublin 1 The owners of One Spencer Dock have decided to put it up for sale through joint agents JLL and CBRE at a much-reduced guide of €170m, a 36% drop on the €265m price that had been mooted four years ago, and a 30% reduction on the €242m Middle Eastern investors paid to acquire it in June 2016. The €242m sale price set a record for the Dublin office market with a capital value of just under €1,068 per square foot. The nine-storey over-basement PwC office complex has an overall floor area of 226,624 sq. ft and was developed in 2007. One Spencer Dock is let to PwC under a 25-year lease with about seven years left to run, and PwC is understood to be paying an annual rent of about €11.9m, or approx. €52 psf. The Irish Times, 26th March
Merrion Collection, Dublin 2 The Merrion Collection is being offered for sale through Colliers for €5.5m and comprises a mix of retail, food & beverage and residential uses distributed across Merrion Row and Merrion Court. The sale offers the prospective purchaser the combination of immediate rental income along with the opportunity to pursue the development of a new office-led mixed-use scheme on the site. There is potential to generate further rental income from a number of residential units which are being sold with vacant possession. The Merrion Collection covers 8,584 sq. ft and generates a combined annual rent of €235,000 from the commercial element, which includes a diverse tenant base including The Unicorn restaurant. The Irish Times, 26th March
Howth, Dublin 13 Tetrarch Capital has proposed a potential deal for Fingal County Council to take Howth Castle on a 99-year lease to allow it to develop a tourism destination similar to nearby Malahide Castle, according to sources. The developer, which bought the hugely historic castle and its 470-acre estate in 2019 from the Gaisford St Lawrence family for an undisclosed sum, has planning permission from Fingal for a €10m transformation of the castle into a retail, food and tourist destination. That plan has ground to a halt since last September when Tetrarch failed to convince An Bord Pleanála to lift planning conditions that restricted elements the developer said were critical to the project. Sunday Independent, 30th March
Hanover Quay, Dublin 2 Residents have lodged objections with Dublin City Council against the plan by Misery Hill Entertainment Ltd for a four-star, 35-bedroom hotel and “Baby Vicar” venue at Hanover Quay in Dublin 2. The hotel and venue would be housed in a two-storey glass box designed by PRC Architecture & Planning. The glass cube would “oversail’” the original protected structure at 9 Hanover Quay. A decision is due on the new application in mid-April. The Irish Times, 31st March
Parkgate Street, Dublin 8 WP Heuston Developments Ltd, an entity controlled by Warren Private, last week applied for permission to build a 155-bedroom hotel and 22-unit apartment block at 23-24 Parkgate St, with a separate three-storey residential townhouse to be built at 29 Parkgate St. The plans for the four-to-six-storey hotel and the two-to-five-storey apartment block would see the vacated Westbrook Motors car dealership demolished. Warren Private and Greenleaf Group purchased the Parkgate St site for €6.7m last year. The apartment block would be made up of 11 one-bed and 11 two-bed units. The Business Post, 1st April
Gardiner Street, Dublin 1 A 23-bedroom guesthouse at 76 Gardiner Street Lower is being offered for sale and joint agents BDM Property and JP Younge Auctioneers are requesting offers in excess of €4.75m. Gardiner Lodge is one of the newest guesthouses on the street as it was created less than eight years ago when the former offices of the National Adult Literacy Agency were converted. The original building contains seven double, one family and one single bedroom together with a basement dining room and kitchen. The extension contains nine double, two family and three single bedrooms. The Irish Independent, 27th March
Derelict Homes Just 47 homes have been purchased so far under a €150m Government fund established to buy vacant and derelict homes in 2023, with just under €7.5m spent across the State so far. The fund is designed to allow local authorities to purchase vacant properties for resale to buyers willing to commit to bringing them back into residential use, with proceeds from the sale then recycled back into the fund. However, a one-year review found that while 1,297 properties were approved by the department for inclusion, only 47 had been acquired. A further 70 were in the process of being acquired either by agreement or through compulsory purchase. The department said that 262 of the identified properties were being brought back into use by the owner without need for local authority engagement and 72 were being dealt with under different State funding programmes. Another 170 properties identified were not in fact vacant. It said nearly 50% of the properties approved were coming out of vacancy or dereliction. The Irish Times, 30th March
Social Housing Minister for Housing James Browne is to allocate €436m for social housing needs this year. This includes capital funding allocations of €325m to be used by local authorities for the second-hand social housing acquisitions programme. This year’s second-hand acquisitions programme will be focused on Tenant-in-Situ Acquisitions; Older persons and persons with a disability; Exits from homeless services; and Buy and Renew acquisitions which tackle vacancy. Mr Browne said the Government has funded the acquisition of almost 7,000 social homes since 2020, at a cost of €2bn. Rte.ie, 31st March
Belmayne, Dublin 13 A development of 258 apartments in Belmayne near Northern Cross has been completed by developers Kajima Partnerships and Bartra. Known as O’Neill Court, around 200 of the apartments have already been launched on the private rental market with one-bedroom apartments starting at rents of €1,950 per month through agents Dillon Marshall. The remainder of the units are being assigned for social housing. The Irish Independent, 27th March
Magheramore Beach, Co. Wicklow A seafront tract of 21 acres overlooking a Wicklow beach sold at auction for €613,000, which was a discount to the €700,000 that was reported to have been paid for it by Paddy McKillen Jnr in 2021. Three bidders competed for the clifftop lands at Magheramore Beach at a BidX1 auction and the price achieved was €63,000 over its guide price of €550,000. The €700,000 that Mr McKillen paid in 2021 represented more than treble the €210,000 guided for the property at that time. The Irish Independent, 28th March
Planning Permissions granted in three of Dublin’s four local authority areas fell by more than half last year, with figures produced by the Central Statistics Office showing planning permissions fell by 21.4% nationally in 2024. Just 32,401 units were given planning permission compared with 41,225 in 2023. Permissions were down 55.1% in Dublin City Council, 55.2% in Dún Laoghaire-Rathdown County Council, 61% in Fingal County Council, and 19.1% in South Dublin County Council. The fall-off in planning permissions in the capital is directly related to a rapid decline in the number of apartments being built in the State – most of which are in Dublin. Just 13,194 apartments were given planning permission in the State last year compared with 21,487 in 2023, 16,723 in 2022, 26,272 in 2021 and 24,662 in 2020. The Irish Times, 1st April
Tralee, Co. Kerry White Thorn Lodge Care Home in Tralee is being offered for sale as a going concern and Cohalan Downing are guiding €6m. The Home accommodates 59 bedroom with 68 bedspaces extending to over 26,900 sq. ft on approx. 8.8 acres with ample room for expansion. Established over 20 years ago, the facility has a good track record with the Health Information and Quality Authority and its reputation is reflected in its 100% occupancy levels. White Thorn Lodge is about 3.5 km south of Tralee town centre and is being sold by a company controlled by investors. Contained in a detached mainly single-storey facility which was constructed in 2003, the accommodation provided includes 50 single bedrooms and nine twin bedrooms all fully ensuite with toilet, sink and shower. The Irish Independent, 28th March
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Ballyconnell, Co Cavan The Slieve Russell Hotel Golf & Country Club has hit the market with a price tag of €35m. The sale is being conducted by CBRE on behalf of the liquidator of IBRC, Interpath Advisory. The asset comprises 224 bedrooms with an 18-hole PGA championship golf course and nine-hole academy course set on 300 acres on the outskirts of Ballyconnell. The hotel extends across a total area of 296,007 sq. ft and has undergone capital investment of €7.5m since 2019 alone. The Irish Times, 24th April
CBRE Report The value of Irish hotel properties changing hands reached a record quarterly level of more than €600m in the first quarter of the year, according to research from CBRE. Two major hotel deals accounted for most of the activity. The sale of a majority stake in eight hotels in the Dean Hotel Group had an enterprise value of approx. €350m. The sale of the Shelbourne Hotel to Archer Hotel Capital was reported at €250m. Spend in the first three months of the year exceeded total annual volumes for 2023. The Irish Independent, 25th April
Glasthule, South Dublin The Greedy Eagle pub in Glasthule village has been sold by the Loyola Group in an off-market deal for €4m. The pub has been acquired by Paddy Doherty. The Irish Times understands the Loyola Group invested approx. €700k in the venue. The Irish Times, 25th April
Howth, Co Dublin Fingal County Council has refused planning permission for a 35-bedroom hotel in Howth which had been proposed by G Boppers Ltd, owned by Conor McGregor. G Boppers Ltd was seeking planning to demolish the bar and build a terraced hotel, rising to five storeys in part. The Irish Times, 29th April
Maynooth, Co Kildare The Elite restaurant and bakery premises, extending to approx. 3,767 sq. ft, in Maynooth is guiding €1.25m and comes with full vacant possession. The sale is being handled by joint agents Sherry FitzGerald Brady O’Flaherty and Liam Reilly Auctioneers. The Business Post, 27th April
Grangegorman, Dublin 7 Plans for a US company’s 550,000 sq. ft office complex in Dublin has been abandoned. Workday made the decision to scrap its proposals to create its own European headquarters in Grangegorman two years after announcing the move. Instead, it stated that it will seek existing office space in Dublin which would allow its staff to expand from 2,000 to 2,300 by 2025. React News, 26th April
South Frederick Street, Dublin 2 Core Capital is understood to be closing in on the purchase of No. 5-9 South Frederick Street in Dublin’s south city centre. The Irish Times understands negotiations are ongoing for approx. €10m. It would represent an approx.17% discount on the €12m CBRE had been seeking when it brought the property to the market on behalf of its owner and former occupier, New Ireland Assurance, last October. The Irish Times, 24th April
Ballsbridge, Dublin 4 Bannon is undertaking an off-market sales campaign for 2 Ballsbridge Park, a 57,500 sq. ft office owned by Intrust Properties, for €32.5m. The asset generates approx. €3m a year from corporate tenants Goodbody Stockbrokers, BlackRock and Coca Cola. From May 2025, there is a block expiry of all the leases in the building. The property is being sold with the benefit of full planning permission for an extension and refurbishment of the existing building, which would deliver an office 133,000 sq. ft in size. React News, 30th April
Fitzwilliam Square, Dublin 2 Agent McNally Handy is guiding a price of €3.8m for No. 66 Fitzwilliam Square. The property is being offered for sale on behalf of the owner of the Fitzwilliam Hotel, Michael Holland, with full vacant possession. No. 66 comprises a four-storey over garden-level building of 7,237 sq. ft made up of a main building of 6,115 sq. ft and a mews to the rear of 1,121 sq. ft with own-door access from Pembroke Lane. The Irish Times, 24th April
Kilkenny and Dublin Iroko Zen has paid €24.97m (NIY 8.18%) for Kilkenny Retail Park and €3.635m (NIY 8%) for No. 24 Suffolk Street. Kilkenny Retail Park generates rental income of €2.25m pa. It extends to 144,989 sq. ft and is anchored by Woodies with a strong mix of tenants along with parking for 650 cars. The WAULT to break is 5.35 years. 24 Suffolk Street extends to 6,793 sq. ft. The ground-floor retail unit is occupied by Zizzi which generates €200k pa with lease expiry in January 2042. €70k pa is paid by Cunnane Stratton Reynolds for the upper floors. The Irish Times, 24th April
Grange Castle, Dublin 22 Hyperscale data centre campus developer and operator Vantage Data Centers is set to debut in Ireland with a multiphase data centre campus called DUB1. The US based company said it will invest more than €1bn to construct and deliver the new project. The 405,000 sq. ft campus will be located at Profile Park, Grange Castle, on 22 acres. Bisnow, 29th April
PBSA Investment The Government has committed to investing €100m in developments that will deliver 1,000 student accommodation beds. Taoiseach Simon Harris said it would allow 493 new beds to be developed in UCD, the progression of 405 new beds in DCU through tender stage and would help finance 116 new beds in Maynooth University to the construction stage. He confirmed that the State funding would be in return for 30% of the beds being made available for students who are eligible for SUSI grants or belong to priority categories at a discounted rent. The Irish Times, 25th April
Dunshaughlin, Co Meath A 30.12-acre landbank, of which approx. 24.52 acres is general employment zoned with the balance of approx. 5.60 acre currently unzoned, in Dunshaughlin is guiding €5m (approx. €166k per acre) through joint agents Sherry FitzGerald Commercial and Sherry FitzGerald Sherry. Sherry FitzGerald Press Release, 25th April
Dundrum, South Dublin An Bord Pleanála has conceded a legal challenge taken by a developer to the building of 852 homes on the former Central Mental Hospital site in Dundrum, the High Court has heard. Mark Leonard, who is behind a company called Centurion Homes, had called for a stay on the development of the project, known as Dundrum Central. The development plans were being progressed by the LDA. The Business Post, 29th April
Carrickmines, South Dublin The LDA and Horse Racing Ireland (HRI) have agreed preliminary terms on a deal to exchange lands at Leopardstown Racecourse, Carrickmines paving the way for the development of 1,000 affordable homes. As part of the deal, the LDA has conceded to halving its housing target from 2,000 to approx. 1,000 homes, and HRI will keep rights to approx. 40% of the 56.8-acre site for its development plans. The Sunday Times, 28th April
Vacant Site Levy Dublin Port Company (DPC) has been told to pay more than €1.1m worth of backdated levies over vacant land it owns. In 2018, a site owned by DPC on East Wall Road in Dublin 3 was placed on DCC’s vacant site register. Last October, DCC issued notices to Dublin Port requesting four separate payments of €280k in relation to vacant site levies for the years between 2019 and 2022. DPC appealed the demand for the payment to ABP, but the planning authority’s board has upheld the decision. The Business Post, 24th April
Housing Construction The government’s target to build 50,000 homes pa can only be met through increased private capital from investment funds, Michael McGrath has been warned by his own officials. The government needs a “new housing model” that can attract “private capital at significant scale” if it’s to reach its ambitious target of building 50,000 homes a year, according to the Department of Finance’s economics unit. The Business Post, 28th April
Claregalway, Co Galway BV Real Estate has brought a 4.4-acre plot of land for sale at the Claregalway Corporate Park, located in Claregalway. The site is suitable for a number of commercial uses. The total area of the site is approx. 4.4 acres, and it is guiding €2.4m (€545k per acre). The Business Post, 26th April
Ratoath, Co Meath The commercial arm of Coonan Property has brought a 139 acres farm to the market which is for sale by public auction and is guiding in excess of €3m (€21.58k per acre). The property at Ballymore in Ratoath is laid out in two large divisions. The Business Post, 26th April
Housing Completions The number of apartments completed in the first three months of the year dropped by a third compared with the same period in 2023, according to new CSO figures. The CSO report said that 5,841 homes were completed in the first quarter of the year, made up of 1,603 apartments, 1,200 one-off units and 3,038 delivered as part of housing schemes. Overall, this was a drop of 12.6% on the 6,647 homes completed in the same period last year. The Business Post, 25th April
Development Contribution Waiver The government has extended a scheme for developers that waives the need to pay contributions towards councils’ infrastructure budgets and water connection charges. The announcement was made as part of the latest quarterly update on Housing for All. A clause in the scheme requires developers to complete the commenced housing projects by December 31, 2025, to qualify for the waiver. The Business Post, 24th April
Fairview, Dublin 3 A Dublin city river-front site with planning permission for 16 one-bedroom apartments has come to the market with a €1.2m guide price. The site is located at 12A Poplar Row, Fairview and is exempt from Part V social and affordable housing due to the site size being limited to only 0.07 acres. The Irish Independent, 25th April
Horgan’s Quay, Cork Work is underway at Cork City docklands’ first major residential development, set to deliver more than 300 apartments within two years. The Horgan’s Quay development by Clarendon Properties/BAM should see the delivery of approx. 200 cost-rental apartments. The remaining units will be earmarked for sale to owner-occupiers under the Croí Cónaithe subsidised building scheme. The build will consist of a single stepped block, up to 11 storeys in height on the six-acre CIE-owned campus. The Irish Examiner, 24th April
Mullingar, Co Westmeath A 15.7-acre holding at Rathgowan in Mullingar is guiding €4.5m. The site has full planning permission for 207 new homes (€21.74k per unit) and is being offered to the market by Savills on behalf of Davy Select Properties Ltd. Planning for the Rathgowan SHD was granted on September 15th, 2023. The Irish Times, 24th April
Athenry, Co Galway The Redemptorist Order has retained Bannon to find a buyer for its monastery at Esker near Athenry and the wider 173-acre estate. The former religious complex is being offered to the market in one or more lots at a guide price of €3.75m. The existing buildings within the complex extend to a GIA of approx. 49,072 sq. ft. The accommodation is occupied under a short-term licence agreement for providing temporary housing for refugees which is due to expire in July. The Irish Times, 24th April
Ballyvolane, Cork Dunnes Stores has lodged a planning application seeking permission to create an urban farm in Cork. An application has been lodged under the name of Dunnes’ company Better Value Unlimited Company for the development, which will be located on lands immediately south of the Ballyvolane Shopping Centre. Bordered by the Ballyhooly Road and the North Ring Road, the 3.51-acre site would be repurposed as an urban farm focused on market gardening, agroforestry, and educational activities. The Irish Examiner, 24th April
Forestry Land Sale More than 1,000 acres of forestry land in Ireland has been launched for sale, React News can reveal. Lisney has been mandated to sell the portfolio, with offers in excess of €7.5m sought for the entire platform. The sale comprises 11 plots with three in Wicklow, two in Kildare, one each in Louth, Westmeath, Donegal, Galway, Cork and Waterford. React News, 30th April
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