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» Chronological View: " Ireland " «

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
Grant Thornton moves into its new office on Donegall Square

Grant Thornton moves into its new office on Donegall Square

Grant Thornton has moved into its new office on Donegall Square – and revealed it is set to announce major expansion plans.The move to the landmark building on Donegall Square West, which also serves as Danske Bank UK’s headquarters, follows a period of growth for the business advisory firm. Grant Thornton has made a seven-fi...
Friday, 1. December 2017

Smiggle chooses the Ilac Centre for its second store

Smiggle is to open its second Irish store in Dublin city's Ilac Centre, following its debut in Ireland at Dundrum Town Centre earlier this year. Its new 868 sq ft store will be located in the Ilac Centre's Central Mall, beside Claire's Accessories and opposite the Liverpool FC store. Due to open to the public on Friday 1 Dece...
Monday, 27. November 2017

The Outlet Village in Banbridge gets major new enhancements

The Lotus Group, who acquired The Outlet Village in Banbridge in 2016, has announced the completion of a modern covering for the mall as part of the group’s €4.5m (£4m) investment plan to redevelop the centre. The new mall covering was designed by Vector Foiltec and is the perfect weather shield for the Northern Ireland clima...
Monday, 6. November 2017

Strong demand for Dublin office space continues

Demand for Dublin office space continues to be strong, with 2.1 million sq ft of space occupied in the year-to-date. This is a 22% increase in volume compared to the same period last year. This was driven by a particularly strong Q2, but activity in Q3 remained steady with just under 450,000 sq ft of deals completed.
Thursday, 2. November 2017