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» Chronological View: " Ireland " «

Major Dublin office development gets underway

Major Dublin office development gets underway

A new large Grade A office development comprising over 26,000 square metres of net lettable floor area in two distinct office blocks has commenced construction in Dublin's prime Merrion Square area. The redevelopment of ESB's site on Fitzwilliam Street Lower, which is effectively an entire city block, was given the green ligh...
Thursday, 22. February 2018

Fallon & Byrne moves to Dundrum Town Centre

Fallon & Byrne is set to open a new flagship food hall, delicatessen and restaurant at Dundrum Town Centre. Fallon & Byrne's new 10,000 sq ft (900sqm) speciality food hall will significantly enhance the centre's food and beverage offer. Split over two floors, customers will be able to choose from a wide range of the best Iris...
Monday, 19. February 2018

Kennedy Wilson leases remaining 52,900sq ft of office space at The Chase

Kennedy Wilson announces the successful lease-up of the remaining office space at The Chase, its South Dublin suburban office property in Sandyford, Dublin 18, through a newly closed lease deal with a global blue-chip tenant. The remaining 52,900 sq ft of vacant space at The Chase, across six floors, is now leased on a fully ...
Wednesday, 14. February 2018

E-commerce growth drives logistics demand in Dublin

CBRE released their latest ViewPoint report on the growing impact of e-commerce on the logistics market in Dublin. In global industrial markets around the world, the growth in e-commerce has led to the ongoing integration of logistics and retailing. As a result, there is rising demand for logistics accommodation, especially n...
Tuesday, 13. February 2018

Brookfield buys Oaktree's serviced apartment business for €485m

Brookfield Property Partners has exchanged contracts to acquire Oaktree Capital Management's serviced apartment business SACO for £430m (€485m). The US asset manager placed the business under offer in October last year, and fought off competition from other investors – including Mapletree and Invesco on behalf of its new Euro...
Tuesday, 13. February 2018

Crosslane secures conditional planning consent for new development in Dublin

Crosslane Student Developments has secured planning consent to deliver a 207-bed purpose-built student accommodation development scheme in Dublin. The project will be Crosslane’s first student development in the city and in the Republic of Ireland. Completion of the scheme is due in time for the 2019/2020 academic year and Pr...
Friday, 9. February 2018

Strong year for Dublin industrial market

Take-up for Q4 totalled 887,417 sq ft across 45 deals. This is more than twice the take up for last quarter and pushes year end volumes for 2017 2.5 million sq ft which is comparable to levels achieved in 2016. The main cause for the increase in take-up compared to last quarter is the increase in the number of larger-sized de...
Friday, 9. February 2018
€2.3 billion of investment in property transacted in 2017

€2.3 billion of investment in property transacted in 2017

€2.3 billion of Irish investment property traded during the year 2017. This level, while lower than 2016 transaction levels, is in line with our expectations. It is a return to more 'normalised' market volumes. As in previous years, the final quarter was the strongest of the year, with over €970 million trading in Q4 2017.
Wednesday, 7. February 2018

Hibernia acquires South Docks office for €28.7m

Hibernia REIT plc has exchanged contracts to acquire 77 Sir John Rogerson's Quay for €28.7m. 77 SJRQ is a six storey office building of 34,400 sq. ft. with 20 basement car parking spaces which was constructed in 2004. The building is situated towards the eastern end of Dublin's South Docks where a number of large developmen...
Wednesday, 7. February 2018

Johnny Hanrahan strengthens Savills Ireland

Savills development and consultancy division continues to grow from strength-to-strength, affirmed by the recent appointment of Senior Surveyor, Johnny Hanrahan.
Monday, 29. January 2018
Hines and APG develop Build-to-Rent portion of Cherrywood Town Centre

Hines and APG develop Build-to-Rent portion of Cherrywood Town Centre

Hines has entered into a joint venture with the Dutch pension investor APG Asset Management to develop and hold the „Build-to-Rent“ multifamily residential element and ancillary retail at Cherrywood in Dublin. In a significant development for the Cherrywood project, Hines will co-invest alongside APG into the joint venture wh...
Friday, 26. January 2018

DHL appoints two new heads of Real Estate Solutions

DHL has appoints two new heads of Real Estate Solutions. The global Real Estate Solutions team was created in 2017 to undertake logistics development for DHL Supply Chain and its customers: Nigel Godfrey is Head of Real Estate Solutions UK and Ireland. Godfrey is former Executive Director and UK Head at IDI Gazeley with a lon...
Monday, 22. January 2018
Savills appoints new Head of Residential

Savills appoints new Head of Residential

Savills Ireland has appointed Robbie Dillon as head of its residential division. Dillon joins Savills from UK estate agent, Marsh & Parsons, where he spent 10 years gaining a wealth of experience in the London property market. Beginning his property career at the firm as a trainee negotiator in 2008, Dillon progressed quickly...
Friday, 19. January 2018

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