Welcome to the Origin Capital Weekly Irish Property Review. This update is designed to provide you with a full recap of the latest property news from the media over the last seven days.
ORIGIN CAPITAL KVIKA FUNDING PARTNERSHIP
New Origin Kvika Deal Under Origin Capital’s strategic relationship with Kvika banki hf, Origin Capital recently arranged a two year, €2.25m, interest only facility, secured on an office property in Dublin. If you have a funding request for €2m+, please contact Ross Metcalfe at rossmetcalfe@origincapital.ie Origin Capital, 9th June
Mixed Use
Patrick Street, Cork City Colliers is guiding €2m for 71–72 St Patrick’s Street. The property comprises a three-storey mixed-use building extending to 6,037 sq. ft. The ground floor comprises about 2,123 sq. ft and is let to Boots Ireland at a passing rent of €155,000 a year (7.05 NIY). Boots has been in occupation since 1987 and has recently recommitted to the property by way of a new lease which is due to expire in June 2032, with no break options. Boots also own a two-storey building that sits immediately to the rear of 71-72 St Patrick’s Street, underscoring their commitment to the property. The upper floors of the property, which have independent access, are currently vacant and previously operated in restaurant use. The Irish Times, 10th June
OFFICE
Union Quay, Cork City Savills is guiding €2m for No. 6 Union Quay. The property is also available to let for an annual rent of €185,000. The building’s high-profile waterfront position, combined with own-door access “offers a flexible opportunity for a broad range of purchasers and occupiers”, according to Savills. American e-commerce company Zazzle bought the 11,539 sq. ft, two-storey premises for about €1.2m in 2013 from Guinness Ireland. Internally, the building comprises predominantly open-plan office space complemented by meeting rooms, canteen facilities, shower provision, and secure access throughout. Accommodation is over ground and first-floor levels and is presented in turnkey condition. The Irish Examiner, 10th June
Dundrum, Dublin 14 Colliers is guiding €2.5m for Paradigm House in Dundrum Office Park which is right beside Dundrum Luas station and just off the village’s main street. With a total floor area extending to approximately 8,000 sq. ft over four storeys, Paradigm House occupies an end-of-terrace position in an office complex whose occupiers include Dún Laoghaire Rathdown County Council. A purchaser will also benefit from 26 car-parking spaces. The building is fully fitted and provides a mix of open-plan and private office accommodation, a reception area and canteen with kitchen. The Irish Independent, 11th June
Leeson Street, Dublin 2 JLL is guiding €2m for 41 Leeson Street lower on the instructions of receivers at Interpath Advisory. Since taking over control of 41 Leeson Street Lower, Interpath has engaged Porter Privé to operate its serviced offices and currently four tenants occupy suites there with the other four suites being vacant. A purchaser has the prospect of acquiring vacant possession. The building extends to 3,960 sq. ft net over four storeys and a basement accommodating 74 desks plus one boardroom for 10-12 people. Amenities include CCTV, gas heating, terrace and garden, shower facilities, bike storage and it is fitted to Cat-A standard with reception, kitchen, and flexible rental rooms. The Irish Independent, 11th June
Retail
Nationwide Applegreen is to create up to 450 jobs as it opens Popeyes chicken restaurants at its roadside locations around the country. Applegreen will invest about €6m to open Popeyes outlets at a number of its Irish locations over the next four years. Its first Popeyes restaurant will open at its Midway, Junction 17 service station on the M7 at Portlaoise in Co Laois in the next few weeks. Popeyes UK and Ireland, recently opened its first Irish outlet in Blanchardstown in Dublin, with a second due to open in Liffey Valley Shopping Centre shortly. Applegreen has been working with Popeyes in the US since 2021. Popeyes operates approx. 5,400 restaurants in 50 countries worldwide, with annual sales of $8bn. RTÉ.ie, 11th June
Hospitality
Frederick Street South, Dublin 2 An appeal has been lodged in relation to a decision by Dublin City Council (DCC) to deny permission for a 19-bed hotel in Dublin City Centre. Dr Swee Han Quek is a hotel investor across Ireland, who is a director in the Mayrange Hospitality group which owns Castlemartyr, Tulfarris hotel and golf resort and the ring of Kerry golf club. In documents filed late last week, his company 24 South Frederick Street Propco Limited appealed a decision from DCC to deny permission for a 19-bed hotel at Trinity Town House on 24 and 25 Frederick Street South, just across from Trinity College. The proposed development would be linked to the Trinity Townhouse Hotel locations at number 12, 29 and 30 Frederick Street South in Dublin 2. The proposed development would comprise a 9,365 sq. ft hotel, a 527 sq. ft café and a 118 sq. ft art gallery. The Business Post, 15th June
RESIDENTIAL / DEVELOPMENT
Sandyford, Dublin 18 Joint agents Cushman & Wakefield and Browne Corrigan are guiding €3.65m for an aparthotel site with full planning permission for 122 units in Sandyford. The scheme was previously brought to market in 2025, with an asking price of €4.5m. The site, at Grafton House, is situated at Ballymoss Road. The current premises extends to about 11,648 sq. ft over two storeys and is laid out on a 0.55-acre site. The property had most recently been in use as a temporary Educate Together school but now comes with full vacant possession. Current permission, granted in 2026, is for 73 one-bed units and 49 two-beds. The rooms are 378 to 570 sq. ft in size, with the completed scheme extending to nine stories in height with a gross floor area of 79,911 sq. ft. The Irish Times, 10th June
Wicklow Town, Co. Wicklow Auctioneer O’Neill and Flanagan is guiding €4.16m (€20,000 per acre) for a 208-acre farm at Ballyguile More and Ballyguile Beg on the Wicklow coast just a few minutes from Wicklow town and the M11. The property has no residence or road frontage but comes with a small yard and has three access points from a local shared lane capable of taking a range of vehicles, farm machinery and articulated lorries. The farm will be sold in its entirety and is described by agent as not just as a big farm, but as the biggest field in Ireland. The continuous block of agricultural land is predominantly south-facing, gently elevated and set within well-defined boundaries. The ground is currently in tillage but is equally suitable for multiple agricultural uses. The farm also comes with significant development potential given that within 200m of the farm, at two sides, are lands that have been zoned ‘residential’. The Irish Independent, 11th June
Tinakilly, Co. Wicklow Development firm Ardale has sold a 28-acre site near Tinakilly, to Cairn Homes for more than its €22.5m guide price, according to market sources. The site has capacity for up to 400 homes. Ardale acquired the land as part of a 132-acre holding in 2015 and has already developed 350 homes on the wider site. The company faced planning challenges on the remaining land, eventually securing permission for 220 homes after a judicial review of an initial refusal. Further changes to planning guidelines have provided scope to boost density to 400 homes on site. The Irish Independent, 12th June
Coolock, Dublin 5 DCC has granted planning permission for 618 apartments at the former Chivers factory at Coolock despite concerns expressed by the parent company of Cadbury chocolate. The council granted a seven-year planning permission to London-based Platinum Lands Ltd for the Large Scale Residential Development plans for the site on Coolock Drive. The applicants had lodged plans for 621 units last November in four 10-storey blocks. Cadbury parent Mondelez Europe had raised a concern over rodent migration from the construction site to its chocolate production plant “of national significance”. At the Coolock plant, Cadbury produces some of its best known brands including Twirl, Flake, Boost and Dairy Milk. The council has ordered the applicants to adhere to a number of Environmental Health Section Division requirements in the grant of permission. The Irish Times, 11th June
The Hooke & MacDonald Residential Market Report 2026 Residential investment turnover reached €443m in Q1 2026 across all residential asset classes. The largest transaction was the sale of Newmarket Yards, Dublin 8, comprising 413 apartments, to BEO Ventures for €212m (4.87% NIY). Separately, IRES REIT agreed the forward purchase of a 77-unit apartment scheme in Naas, Co. Kildare for €31.75m (5.2% NIY). The report also notes that a significant portion of the Government’s new rent regulation framework took effect on 1 March 2026. Rules included rent increases for existing stock will be capped at the level of inflation (CPI) rather that the current linkage to the HICP (Harmonised Index of Consumer Prices), but to a maximum of 2% for existing tenancies. For new apartments which commenced construction in June 2025, rent increases will be linked to CPI with no 2% cap. Three major private rental sector assets launched in Q1: Cualanor, Dun Laoghaire (€200m /4.4% NIY), Two Three North, Clongriffin (€117.5m / 4.79% NIY), and Alto Vetro, Grand Canal Dock (€18m/4.75% NIY). Hooke & MacDonald Release, 11th June
Home Completions Home completions are expected to rise by 11% to 40,000 this year, but getting started on new builds has been slowed by the war in the Middle East, according to Goodbody Stockbrokers. Data published by the Central Statistics Office on Wednesday showed a fall of 1% in the total number of homes approved for planning permission in the first quarter compared with last year, down to 8,092 units. Houses accounted for 61% of those, while apartments made up the rest. The number of apartments granted planning permission fell by 2.7%, while the total number of house approvals remained static. There was an annual fall of 34% in the total number of homes approved in Dublin to 1,452 units. Of these, the number of apartments approved was down 31.6% to 1,064, while the number of houses approved decreased by 39.7% to 388. The Irish Times, 11th June
Bray, Co. Wicklow A decision on the future of a major housing development in Bray has been delayed, while a separate housing scheme on adjoining lands has now been granted planning permission. An Coimisiún Pleanála had been expected to rule by June on an appeal against Wicklow County Council’s approval of phase two of Ballymore’s Sea Gardens development, which involves 293 homes. However, correspondence issued on June 2nd confirmed that a decision has not been reached within the expected timeframe due to the complexity of the case and will now be made “as soon as practicable”. That appeal, which was lodged last year by a number of local residents and groups, centres on a number of concerns about flooding, traffic, wildlife impacts and infrastructure. Meanwhile, in a related but separate case, the planning body has now signed off on Ballymore’s 159-home development on adjoining lands at the former Bray Golf Club, which also form part of the wider Sea Gardens masterplan. The Irish Independent, 12th June
Adamstown, West Dublin Tuath Housing and Evara are set to deliver 355 new homes in Adamstown. Construction is underway at the Aderrig development, with the first homes due for completion in 2027 and the remainder to be delivered in 2028. The homes, to be owned and managed by Tuath, are being developed on a 5.34-acre site within the Adamstown Strategic Development Zone. The project will be made up of seven studio apartments, 164 one-bedroom units and 184 two-bedroom apartments. Tuath is funding the development through staged payments using a combination of finance from the Department of Housing, the Housing Agency and the Housing Finance Agency. Backed by US real estate firm TPG, Evara has delivered more than 3,500 homes and has set a target of ramping up its delivery to 1,500 per annum. Tuath is currently managing more than 17,500 homes nationally. The Business Post, 11th June
OTHER
Nationwide MySolar, which installs solar panels for houses, schools and businesses for a monthly fee and no upfront capital cost, has secured a finance deal with a large German investment fund. Prime Capital, a Frankfurt-based investment manager with €4.2bn of assets under management, has agreed a seven-year financing deal with MySolar, headed by the businessman Ian McKenna. It sourced Prime Capital through the debt adviser LeBruin. McKenna said it would allow MySolar, which to date has completed 3,000 installations, increase its operations significantly here in Ireland. MySolar acquires the hardware, so there is no upfront cost to the customers. Ownership of the panels reverts to the customers usually after five years for commercial customers and ten for residential. Fees can be as low as €29.50 a month. The Sunday Times, 14th June
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