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» Chronological View: " Ireland " «

Hotel occupancy across Dublin down by over 90%

Savills has predicted a 32% drop in Dublin’s hotel development pipeline as a direct result of COVID-19. 4,000 new hotel bedrooms have been added to the city’s stock over the past 10 years, with over 80% of these coming on-stream in the past 3 years. However, from March 2020 to the end of 2022, Savills has reduced its forecast...
Tuesday, 31. March 2020

Savills appoints Mark Reynolds as new Managing Director

Savills Ireland has today, 25th March 2020, announced the appointment of Mark Reynolds as its new Managing Director with immediate effect. Outgoing Managing Director, Angus Potterton, will take on the role of Chairman.
Wednesday, 25. March 2020

Ireland’s hotel sector could have a key role to play in managing this crisis

Ireland’s hotel industry could have a real & important role to play in the management of the Covid-19 crisis. This is the view of leading property consultants, Savills Ireland, who say that an assessment of the current market supports the contention that hotels throughout the country, which may otherwise be vacant for many we...
Friday, 20. March 2020

Hibernia REIT hires first Sustainability Manager

Hibernia REIT plc has appointed Neil Menzies as Sustainability Manager. The company is one of the first commercial property companies in Ireland to have a designated management position specifically for sustainability.
Wednesday, 18. March 2020

Round Hill Capital & NBK Capital acquire Dublin student accommodation development

Funds advised by Round Hill Capital and NBK Capital (NBK) have acquired a 368-bed student accommodation development in The Liberties area of Dublin 8. The site was purchased from Summix, an urban mixed-use regeneration project specialist, with whom Round Hill Capital plans to partner on additional student accommodation develo...
Monday, 16. March 2020

KanAm Grund purchases One Upper Hatch Street in Dublin

KanAm Grund Group bought the fully let office building One Upper Hatch Street in the Irish capital Dublin for one of their real estate special funds. The main tenant is Deloitte. This property is a flat-roofed office building with around 2,700 m² of office space spread across one ground and seven upper levels. Above the secon...
Thursday, 27. February 2020

AXA IM completes acquisition of La Touche House in Dublin’s IFSC

AXA Investment Managers - Real Assets has exchanged on the acquisition of the La Touche House office building in Dublin’s financial centre. The building was acquired on behalf of AXA IM - Real Assets’ value-add investment strategy, in partnership with BCP Capital who will act as local operating partner.
Tuesday, 25. February 2020

Harrison Street sells five student accommodation properties in Dublin for €400m

Harrison Street oday announced the sale of five purpose-built student accommodation properties (PBSA) in Dublin, Ireland, to Global Student Accommodation Group (GSA). The properties were the first investments under Harrison Street’s and GSA’s Ireland joint venture, which initially committed to invest €250 million to address t...
Monday, 3. February 2020

KKR and Palm Capital realise largest logistics forward funding in Dublin

KKR and Palm Logistics have agreed to forward fund the development of two prime, Grade A logistics warehouses at Greenogue Business Park, Dublin by Jordanstown Properties. The transaction is thought to be the largest logistics forward funding in Dublin post the financial crisis with a gross development value of approximately ...
Monday, 3. February 2020

Knotel cements its footprint in Dublin with 2 new properties

Knotel has signed the leases on a further two properties in Dublin, to add to Riverview House its first Dublin location in November 2019. Savills, who facilitated the transactions with flexible workspace giant, have announced that the acquisition of 8,785 sq. ft at the Bloodstone Building on Sir John Rogerson’s Quay and 8,666...
Wednesday, 29. January 2020

79% of global flexible offices are currently profitable

According to recent research from flexible office specialist Workthere, 79% of global flexible offices are currently profitable at an operating profit margin level*. But what is driving this profit? Workthere’s Flexmark, a new global flexible office benchmark, which surveyed flexible office providers from Belgium, France, Ger...
Wednesday, 29. January 2020

Huge ppportunity in Ireland's healthcare sector

CBRE Ireland have today released analysis on the healthcare sector in Ireland, which is timely considering the focus on health in the General Election 2020 campaign. According to CBRE, as the Irish population increases and ages, demand for good quality healthcare facilities and nursing homes is increasing but the pace of deli...
Monday, 27. January 2020

Savills bolsters its serviced office brokerage division

Workthere.ie, the flexible, co-working and serviced office brokerage service and website listing platform, has announced the appointment of Carolina Lees. Her role in the team as an office space consultant, will be to liaise with clients on their office requirements and drive further business.
Thursday, 23. January 2020

Commerz Real purchases Dublin resi complex for Europe special fund

Commerz Real has completed the second investment for its “Commerz Real Institutional Smart Living Europe Fund” within a short space of time following an earlier purchase in Frankfurt #link(53353)#. It has now acquired the residential student complex “Swuite Grangegorman” in Dublin with 128 beds on approx. 4,000 square metres ...
Friday, 17. January 2020