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» Chronological View: " Ireland " «

Kennedy Wilson and AXA IM acquire €161m PRS asset in Dublin

Kennedy Wilson and AXA Investment Managers - Real Assets, acting on behalf of the National Asset Management Agency (NAMA), have made a €161m investment in the South Dublin rental sector via their recently formed PRS joint venture. The companies have entered an agreement to acquire 274 units at the Grange, as well as an adjace...
Friday, 13. July 2018

Hibernia sells new Century House to Credit Suisse for €65.3m

Hibernia REIT has sold New Century House to Credit Suisse Asset Management Global Real Estate fund for €65.3 million. The sale reflects a net initial yield of 4 percent and a capital value of €815 per sq. ft. for the office accommodation. The deal is set to be completed in September 2018. The property is situated on Mayor Str...
Friday, 13. July 2018

Green REIT leases entirety of 5 Harcourt Road to WeWork

Green REIT is to lease the entirety of 5 Harcourt Road, Dublin, to a WeWork subsidiary for an annual rent of €3 million. The workspaces provider signed a 20-year lease with no break options. The newly developed Harcourt Road office building in Dublin city centre is set to be completed in July 2018 and comprises 50,000sq ft o...
Wednesday, 11. July 2018

Kennedy Wilson completes Irish PRS joint venture with AXA Investement Managers

Kennedy Wilson has completed the formation of its PRS joint venture with AXA Investment Managers - Real Assets . AXA IM - Real Assets acted on behalf of its clients, as it seeks further development and investment opportunities across the country. The joint venture currently totals 1,173 units across three of Kennedy Wilson’s ...
Wednesday, 11. July 2018

Another very strong quarter for Dublin office take-up

CBRE Ireland have today released figures for the volume of office take-up achieved in Dublin in the first half of 2018. According to the property consultants, 80,309 m² of office leasing transactions were signed in the Dublin market in the second quarter of 2018, almost matching the volume leased in the first three months of ...
Tuesday, 10. July 2018

66 land sales completed in the Irish market

CBRE Ireland have today released figures for the volume and value of development land traded (both on and off-market) in the Irish market in the first half of 2018, which shows that 66 transactions totalling almost exactly €400 million signed in the six months to the end of June. This compares to 50 development land transacti...
Monday, 9. July 2018

Almost €1.85 billion invested in commercial property

CBRE Ireland have today released investment spend figures for the Irish market during the first half of 2018, which show that almost €1.85 billion was invested in commercial property in Ireland during the first six months of the year with more than €946 million having traded in Q2 2018 alone. The cumulative spend for the firs...
Thursday, 5. July 2018

Lack of office supply will be the main driver of rental growth in Edinburgh

A lack of office supply in the face of consistent office demand will be the main driver of above-average rental growth in Edinburgh in the next two years, according to the European Office Rental Growth Hotspots 2018 report from JLL. The report identifies ten markets in Europe set to experience supply-led office rental growth ...
Tuesday, 3. July 2018

Deka Realkredit Klassik debt fund acquires loan for shopping centre

The “Deka Realkredit Klassik” debt fund has acquired a senior €65 million tranche of a commercial real estate loan from DekaBank. The tranche is part of the total financing of around €625 million provided by DekaBank and others to finance the purchase of the “Dundrum Town Centre” (DTC) shopping centre on 16 Sandyford Road in ...
Tuesday, 3. July 2018

Belfast relocation for Savills and Davidson McDonnell

Savills and Davidson McDonnell have confirmed their relocation to Belfast's Cathedral Quarter, with both companies moving into Longbridge House later this year. The four-storey building, which was bought by Wirefox in May 2016, had undergone complete refurbishment over the last two years, resulting in three upper floors of gr...
Monday, 2. July 2018

Crosslane starts work on 207-bed student accommodation development in Dublin

Construction has begun on Crosslane's 207-bed purpose-built student accommodation development on Carman’s Hall in Dublin. The project will be Crosslane’s first student scheme in the city and in the Republic of Ireland. The scheme comprises three residential buildings of between three and six storeys, with 207 high-specificati...
Thursday, 21. June 2018

WeWork pre-leases entire office space at ‎One Central Plaza in Dublin

Hines and Peterson Group have signed a lease agreement with WeWork, who will be One Central Plaza’s new anchor tenant. The announcement comes just one week after the decision to approve planning permission by An Bord Pleanála for the redevelopment of the former Central Bank building on Dame Street. The firm has leased space a...
Thursday, 21. June 2018

Kennedy Wilson secures planning consent for office at Capital Dock campus

Kennedy Wilson has secured planning permission at Hanover Quay, in Dublin south docklands. In a joint venture with the National Asset Management Agency, planning permission was granted for 68,400 sq ft NIA (87,400 sq ft GIA) of new office space. The joint venture acquired Hanover Quay in July 2017, having previously been a wa...
Tuesday, 19. June 2018

Corum AM makes first acquisition in Belfast

Corum Asset Management has completed the off-market acquisition of 40-46 Donegall Place in Belfast in what is said to be the largest retail investment transaction in Northern Ireland so far this year. The property is currently home to Northern Ireland’s flagship Next store and Dublin-based Eason, and extends to 67,000 sq ft....
Monday, 18. June 2018

Tristan Capital and SW3 Capital acquire 47 apartments at Elmfield PRS scheme

Tristan Capital Partners and SW3 Capital have now completed the acquisition of a further 47 apartments at Elmfield PRS scheme in Leopardstown from Dwyer Nolan Developments increasing the total number of units under their ownership here to 185. The total price of both phases comes to €68.5 million.
Tuesday, 12. June 2018

Hines secures final approval for Central Plaza re-development

Hines and the Peterson Group have jointly welcomed the decision by An Bord Pleanála to grant planning permission for the visionary Central Plaza project in the heart of Dublin City Centre. Making the announcement, Brian Moran, Senior Managing Director of Hines, said, “We are delighted An Bord Pleanála has given the go-ahead f...
Thursday, 7. June 2018

Hines granted permission for €1bn development in Cherrywood

Hines has been granted planning permission to build a 2.1 million sq ft town centre at Cherrywood, including almost 1,300 apartments, office and retail space. The approval by Dún Laoghaire Rathdown County Council paves the way for the urban development project. The €1 billion mixed use development will comprise 1,269 apartme...
Tuesday, 5. June 2018

Hines secures planning approval for €1 billion Cherrywood Town Centre development

Hines has welcomed the decision by Dún Laoghaire-Rathdown County Council to approve plans for a new 2.1 million square foot town centre development at Cherrywood. The €1 billion mixed-use development will include 1,269 build-to-rent apartments, 585,000 sq. ft. of retail and office space as well as high-amenity leisure space.
Friday, 1. June 2018