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» Chronological View: " Ireland " «

Belfast office take-up come back to peak 2007 levels

Despite all the economic uncertainties surrounding Brexit, Q4 2017 was the strongest quarter for the Belfast office market in two years, bringing the total take-up of office space for 2017 to 430,290 sq. ft. According to Savills Northern Ireland, this is the second consecutive year – post Brexit – of robust take up, with leve...
Wednesday, 17. January 2018

Meyer Bergman's third European Retail Real Estate Fund closes its capital-raising

Meyer Bergman has secured €816 million of equity commitments from international institutional investors for its third fund and associated co-investment vehicles at the final close of capital-raising. Meyer Bergman European Retail Partners III (MBERP III) held its final close with commitments from 15 international pension fund...
Monday, 15. January 2018
Tristan Fund acquires development site for Dublin Exo office project

Tristan Fund acquires development site for Dublin Exo office project

An opportunity fund advised by Tristan Capital Partners has agreed with the Joint Receivers Stephen Tennant and Paul McCann of Grant Thornton to purchase the prestigious Point Square development site known as The Exo in Dublin’s North Docks with development rights to build 169,150 sq.ft of prime office space.
Wednesday, 10. January 2018
Northern Ireland property investment market with £325m worth of transactions

Northern Ireland property investment market with £325m worth of transactions

Following a 50% drop in transactions between 2015 and 2016, Northern Ireland’s property investment market rebounded in 2017 with £325m (c. €368m) worth of deals – a 25% increase on the previous year. According to a new report from Savills Northern Ireland – who transacted 62% of all deals in the year – demand for secure city ...
Tuesday, 9. January 2018

Staycity Aparthotels plans six new property openings for 2019-2020

Following a positive trading year and 12 months of significant growth Staycity Aparthotels has announced a further six new property openings for 2019-2020. Finance director Colm Whooley said that Staycity expects 2017 turnover to have grown by 25%, with strong profit margins remaining in line with that of previous years.
Tuesday, 9. January 2018

More than €2.5 billion invested in Irish Commercial Property in 2017

Commercial property consultants CBRE Ireland today released statistics on the volume of investment spend in the Irish market during 2017. According to CBRE, more than €2.5 billion was invested in commercial real estate in the Republic during the last 12 months in more than 214 individual investment transactions extending to m...
Thursday, 4. January 2018

Pandox completes acquisition of hotel portfolio

Pandox’s acquisition of the hotel portfolio in the UK and Ireland, which was announced 13 December 2017 , has been completed. The total acquisition price amounts to £800 million (approximately SEK 9,030 million). After reorganisation of the portfolio Pandox’s share of the total acquisition price is expected to amount to £680 ...
Wednesday, 3. January 2018

€3bn of Irish hotel sales since 2012

More than €3bn worth of hotels have changed hands in Ireland since 2012 according to a new analysis by Savills Ireland. Despite €600m worth of transactions, Savills note that 2017 was a quieter year for hotel sales, on foot of strong trading in 2016 (€850m) and 2015 (€1bn).
Thursday, 21. December 2017

Immac Group acquires Beechfield Care Group

Immac Group has entered the Irish nursing home sector with an acquisition of the Beechfield Care Group, incorporating Beechfield Manor Nursing Home, Glengara Park Nursing Home and Mount Hybla Nursing Home as well as the Beechfield Private Homecare service.
Monday, 18. December 2017
Over 600 new hotel bedrooms planned in Galway from 2020

Over 600 new hotel bedrooms planned in Galway from 2020

Hoteliers and developers are planning 606 new hotel bedrooms for delivery in Galway from 2020, according to a new study by Savills Ireland. Strong hotel trade is encouraging this developer activity. According to Trending.ie, in 2016 Galway hotel occupancy was over 74%, up from 69% in 2013. Over the same period, average room r...
Monday, 18. December 2017
Kennedy Wilson acquires 124-unit Northbank Apartments in Dublin

Kennedy Wilson acquires 124-unit Northbank Apartments in Dublin

Kennedy Wilson has acquired Northbank Apartments, a wholly-owned 124-unit apartment community in Dublin's North Docks, for €45 million from Jarmar Properties Limited, acting through David Carson of Deloitte as Statutory Receiver, the lender being the National Asset Management Agency (NAMA).
Friday, 15. December 2017

Pandox to buy Jurys Inn hotels in Lone Star deal

Pandox AB has entered into an agreement with Lone Star for the acquisition of a portfolio with 37 hotel businesses. The transaction is made with Fattal Hotels Group (Leonardo Hotels) as operating partner, whereby Pandox, following a reorganisation of the portfolio, will retain 20 investment properties and one operating proper...
Thursday, 14. December 2017

450 new apartments for Dublin Docklands following major land sale

On behalf of Duff & Phelps, Savills Ireland has today confirmed the sale of 1-3 East Road – a rare residential development opportunity in Dublin's North Docklands. Glenveagh Properties PLC – an Irish housebuilder listed on the Irish and London Stock Exchanges – has signed an unconditional legal contract to acquire site for in...
Thursday, 14. December 2017
26 office blocks demolished and replaced in Dublin since 2014

26 office blocks demolished and replaced in Dublin since 2014

26 office blocks in Dublin have been demolished and replaced since 2014, according to a new report from Savills Ireland. The report, which examines how Dublin’s office landscape is changing, reveals that office redevelopments have been focused almost exclusively on the city centre, with twenty-one projects (81%) in Dublin 2, ...
Wednesday, 13. December 2017

Kennedy Wilson completes €284 million of refinancings in Dublin

Kennedy Wilson's wholly-owned European subsidiary has completed two refinancings with the Bank of Ireland across seven Irish assets located primarily in Dublin. The €284 million in refinancings extended the weighted average term to maturity to 5.1 years and lowered the weighted average cost of the floating rate debt while rel...
Friday, 8. December 2017
Hibernia appoints Frank Kenny as new Director

Hibernia appoints Frank Kenny as new Director

Hibernia REIT has appointed Frank Kenny to the board of thecompany as a Non-Executive Director with effect from 8 November 2017. Frank Kenny is the founder and Chief Executive Officer of Willett Companies LLC, a property investment company which specialises in multi-tenanted office and retail properties on the East Coast of t...
Wednesday, 6. December 2017
Kennedy Wilson signs office lease at Capital Dock development in Dublin

Kennedy Wilson signs office lease at Capital Dock development in Dublin

Indeed is to become the second major occupier to commit to the highly-sought after Capital Dock campus development of Kennedy Wilson, in a joint venture with Fairfax Financial Holdings Limited and the National Asset Management Agency (NAMA). This follows a forward funding sale agreement on the 130,000 sq ft 200 Capital Dock b...
Monday, 4. December 2017